Hong Kong topped global IPO fundraising in 2024 and early 2025, surpassing New York and Nasdaq. However, about half of the 179 companies listed since January 2025 have seen their stock prices drop over three months, underperforming benchmarks. Stocks joining the Stock Connect program initially surged but then fell significantly, highlighting volatility and investor caution. Authorities and analysts note capital shifts to cheaper mainland A shares and expect continued IPO activity with upcoming AI-related listings, amid concerns over short-term performance pressures in China's financial sector.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
