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X @Bloomberg
Bloomberg· 2026-07-28 06:10
HSBC’s chief people and governance officer plans to relocate from London to Hong Kong, according to people familiar with the matter https://t.co/kqEJOWzMjR ...
China's Reported DUV Breakthrough Rattles AI Trade | The China Show | 7/28/2026
Bloomberg Television· 2026-07-28 06:06
Semiconductor Industry & Technology Dynamics - A Shanghai-based company has achieved a major breakthrough by mass-producing deep ultraviolet (DUV) lithography machines, planning to produce 5 units this year and 20 units next year [8][80] - ASML faces a potential 20% drop in sales and operating profit if its revenue from China falls to zero due to localization progress, though analysts estimate it could take up to 7 to 10 years for China to completely close the technological gap [11][12][45][131] - The KOSPI index experienced severe volatility, plunging up to 8% to 10% intraday, leading to triggered trading halts and sidecars as semiconductor giants like SK Hynix and Samsung Electronics faced heavy selloffs [19][21][37][160][172] - South Korea dropped from the global year-to-date top-performing market to number five, with losses reaching roughly 33% to 34% from recent peaks [173] Financial Markets & AI Funding Trends - Hyperscalers and major tech companies face growing market scrutiny over massive AI capital expenditures, with investment-grade debt issuance surging from previous years to a projected 250 billion dollars this year [137] - NVIDIA's ecosystem involvement and partnership deals have reached 750 billion dollars, sparking investor skepticism regarding circular financing and the sustainability of artificial intelligence demand [14][135] - Software startup Moonshot AI released its model for public download, enabling developers to freely access and host the technology to expand global open software reach [158] - Shanghai Securities is set to be acquired in a share and cash deal worth 3.7 billion dollars as part of a merger involving state-backed brokerages to rival Wall Street elites [121][122]
Korean Markets in Turmoil Due to Chip Rout | Insight with Haslinda Amin 7/28/2026
Bloomberg Television· 2026-07-28 06:05
Market Trends & Industry Dynamics - Asian semiconductor stocks and major regional indices experienced sharp declines, with South Korea's KOSDAQ and KOSPI triggering circuit breakers after falling 8% and up to 9.3% respectively[4][5][9][54] - China's domestic production capacity for Deep Ultraviolet (DUV) lithography machines is projected at 5 units this year and 20 units next year, posing a long-term competitive threat to ASML[10][15] - Concerns regarding Nvidia's circular financing models involve $750 billion in AI supply deals, including $500 billion to SK Group and $250 billion to OpenAI[6][19][20] - Energy markets observed Brent crude trading below $87 to $90 per barrel amid diplomatic talks between Washington and Tehran and ongoing Middle East supply route disruptions[5][32] Investment Opportunities & Potential Risks - ASML faces potential long-term revenue loss estimated at up to 20% if completely cut off from the Chinese market[15] - Nvidia's 5-year credit default swap rates saw a record intraday spike as investors hedge against rising credit and debt positioning risks[23] - Southeast Asian economies exhibit mixed macroeconomic vulnerabilities, with the Philippines facing the highest inflation risks in the region while Malaysia benefits from generous petrol subsidies capping RON 95 at 1.99 ringgit per liter[67][71] - Southeast Asian tech hubs like Singapore and Malaysia continue to benefit from AI supply chain investments, registering wider current account surpluses in the first quarter[74] Corporate Financial Performance - Tata Power reported its 27th consecutive quarter of revenue and profit growth with first-quarter net income increasing 11% year-on-year, while total costs rose by 8.4% year-on-year[96][97] - Tata Power plans to invest in nuclear energy projects in Madhya Pradesh and Gujarat targeting commercial operation between 2032 and 2043, alongside a robust renewable energy pipeline featuring 5.3 gigawatts of projects[104][105][109]
X @Bloomberg
Bloomberg· 2026-07-28 06:05
Between Samsung's new Galaxy Z Fold 8 and Apple’s first folding iPhone, US consumers are about to see a lot more phones with a short, wide shape https://t.co/REW5MUI8MV ...
X @Cointelegraph
Cointelegraph· 2026-07-28 06:04
🚨 TODAY: CZ backs an ASEAN-wide regulatory passport for crypto firms, allowing companies licensed in one jurisdiction to expand more easily across the region. https://t.co/xV9h4lQP8PCointelegraph (@Cointelegraph):🇵🇭 JUST IN: Binance founder CZ makes his first public appearance in the Philippines at the ASEAN Tech Summit Manila 2026. https://t.co/aBkaWJkfgn ...
X @Bloomberg
Bloomberg· 2026-07-28 06:01
🚨 Is the American dream fading for international students?Ask your questions here ⤵️ https://t.co/xVRNAh7Uat ...
X @Forbes
Forbes· 2026-07-28 06:00
Leonard Tannenbaum is a master at enriching himself while his shareholders lose out.Forbes estimates that since 2008, Tannenbaum and entities he controls have earned more than $670 million in fees, dividends and IPO proceeds from his five public businesses, and he has accumulated a net worth in excess of $800 million.His companies, meanwhile, have shed roughly $1.2 billion in market value. Full story: https://t.co/7c6qjYtUMg ...
X @CoinMarketCap
CoinMarketCap· 2026-07-28 06:00
Beware of scammers trying to impersonate CoinMarketCap members. CMC does NOT have a phone number, and we will NEVER call you. When in doubt, always contact CMC Customer Service for verification.https://t.co/sHwuF2OSLZ ...