Jupiter Asset Management's Asia Equity Income fund manager Sam Konrad had to sell major semiconductor stocks TSMC, Samsung, and MediaTek because their rapid gains from the AI rally made them too large within regional indexes, breaching portfolio concentration rules. These companies now dominate benchmarks like the MSCI Asia Pacific ex-Japan Index and local markets, causing forced liquidations despite strong performance. This mirrors the US 'Magnificent 7' tech stock concentration issue and highlights risks for investors as active managers sell into rising passive flows. Managers are now exploring smaller AI-related firms to avoid such concentration risks.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
