Core Points - The Nasdaq experienced its largest intraday comeback since April, driven by Wall Street's buying of technology and artificial intelligence stocks [1] - The Nasdaq Composite rose by 0.1%, while the Dow Jones Industrial Average fell by 309 points, or 0.7%, and the S&P 500 was down 0.1% [2] - At one point, the Nasdaq was down 1.9% before reversing course, marking a significant recovery from its intraday low [3] Market Performance - The Nasdaq Composite's recovery highlights investor confidence in tech stocks despite recent sell-offs [1][3] - The Dow Jones Industrial Average's decline indicates broader market challenges, contrasting with the Nasdaq's performance [2] - The S&P 500's fluctuation, which saw it down 1.3% at its low before recovering, reflects volatility in the market [3] Treasury Yields - The yield on the 2-year Treasury note increased to 3.61%, while the 10-year yield rose to 4.15%, indicating rising interest rates [2]

The head of the Philippine Stock Exchange said “doomsayers” were reinforcing pessimism in the world’s worst-performing market, pushing back against claims that foreigners have lost interest to invest https://t.co/USmT0nkDze ...

Core Points - NYSE has announced the commencement of delisting proceedings against Kuke Music Holding Limited due to failure to maintain an average closing price of at least $1.00 over a consecutive 30 trading-day period [2] - Trading in Kuke Music's American Depositary Shares (ADSs) will be suspended immediately [1][2] - The company has the right to appeal the delisting decision to a Committee of the Board of Directors of the NYSE [3] Company Summary - Kuke Music Holding Limited's ADSs, each representing ten Class A ordinary shares, are set to be delisted from the NYSE [1] - The delisting is based on Section 802.01C of the NYSE's Listed Company Manual, which addresses the maintenance of minimum share price [2] - The company had previously executed a reverse stock split within the last year, which contributed to the current situation [2]

Core Insights - Several markets, including Austria, the UK, Portugal, Norway, and Singapore, are currently undervalued, trading at steep discounts compared to global peers, driven by narratives that overshadow fundamental analysis [1][2][12] Austria - Austria is characterized as a small, cyclical market with a concentration in banks, energy, and industrials, often sold off during negative European headlines, leading to modest earnings multiples and strong dividend yields [3][4] - Raiffeisen Bank International exemplifies this opportunity, offering a 6% yield and trading at a discount to tangible book value, with potential for re-rating if geopolitical tensions ease [4] United Kingdom - The UK market is marked by neglect and a structural discount, trading at a significant valuation gap to the U.S. while offering higher dividend yields [5][6] - Domino's Pizza Group serves as a case study, with stable cash flow, ongoing share buybacks, and a dividend yield of around 2.5%, yet still valued lower than U.S. counterparts [6] Portugal - Portugal's market is often overlooked due to its smaller size, focusing on utilities and energy, which provide steady earnings and respectable dividends despite being labeled as low growth [7][8] - Energias de Portugal SA represents this narrative, with a 4.1% yield and growth driven by grid modernization and renewable energy expansion [8] Norway - Norway's market is heavily influenced by energy but also benefits from strong operators and a robust sovereign wealth fund, providing high free cash flow yields [9][10] - MPC Container Ships ASA fits this profile, offering a near 9% yield and generating high free cash flow through long-term contracts [10] Singapore - Singapore's market is driven by its dominant banks and a strong REIT ecosystem, providing stable income and compounding book value despite being perceived as mature [11][12] - The Singapore Exchange ADR exemplifies this, with a dividend yield of about 3.5% and a focus on expanding trading and derivatives markets [11] Common Thread - The five markets share characteristics of strong cash generation, solid balance sheets, and have been undervalued by global investors, presenting substantial future return opportunities [12][13] Global Value Perspective - The valuation gap between the U.S. and other global markets has reached historical extremes, allowing investors to acquire solid, dividend-paying businesses in Europe and Asia at half the multiples of U.S. counterparts [14][15] - As global capital costs normalize, markets that offer yield, cash flow, and tangible value are expected to lead the next investment cycle [16]

South Korea’s new stock exchange has grabbed nearly a third of activity in the nation’s $2.4 trillion market within a few months of its launch, underscoring how demand for round-the-clock access is fueling explosive growth https://t.co/FUttx5ebE0 ...

JUST IN: 🇷🇺 Russia's largest stock exchange calls on regulators to lift retail Bitcoin trading ban. ...

Market Overview - Australian shares are expected to rise by +0.5% at open, influenced by a three-day rally on Wall Street [1][2] - The S&P 500, Dow Jones, and Nasdaq composite have all shown positive performance over the last 72 hours, encouraging Australian traders to follow suit [3] Economic Context - The mood around the ASX was initially dampened by inflation warnings from RBA governor Michele Bullock, but the Wall Street rally has shifted sentiment [2] - Despite potential concerns over a U.S. government shutdown, which would be the sixteenth since 1981, it appears to be a lesser worry for investors [4] Company-Specific News - BHP Group (ASX:BHP) is in the spotlight, with its CEO suggesting that recent government negotiations are merely a tactic to lower prices [5] - Metallium (ASX:MTM) has signed an e-waste supply and metal offtake agreement with Glencore, which is expected to positively influence market sentiment [5] - Race Oncology (ASX:RAC) is preparing for significant trading activity following the discovery of the primary mechanism of action of its anticancer drug [5] Commodity Insights - Gold miners are gaining attention as gold prices rise, currently at $3,863 per ounce [6][7] - Iron ore is trading at $103.60 per tonne in Singapore, while Brent Crude has decreased by -1% to $65.33 per barrel [7]

Disciplinary Actions by Companies - Multiple employers across the U.S. have taken disciplinary actions, including terminations, against employees who made inappropriate comments regarding the assassination of Charlie Kirk [1][4][5] - Nasdaq terminated an employee for social media posts that violated its zero-tolerance policy on violence [4] - The Broad Institute fired an employee for posting a "deeply offensive" comment about Kirk's killing [5] - Perkins Coie dismissed a lawyer for criticizing Kirk on social media, stating the comments did not reflect the firm's views [6][7] - Office Depot fired an employee after a viral video showed staff refusing to print posters for a vigil for Kirk [8][9] - The Joe Burrow Foundation terminated an advisory board member for making inappropriate remarks following Kirk's assassination [10] - MSNBC political analyst Matthew Dowd was fired after making comments about the divisive nature of Kirk's rhetoric [12] - The Carolina Panthers fired a communications department employee for social media posts questioning public mourning for Kirk [13][14] - The West Ada School District dismissed a cheerleading coach for allegedly celebrating Kirk's death in a video [16]

Regulatory Environment - Mexico's no 2 stock exchange anticipates faster hedge fund regulations following the appointment of two top financial officials [1] - The expected regulations are aimed at boosting investment in Mexico's capital markets [1]

Metlen rose in its debut on the London Stock Exchange after moving its primary listing from Athens in search of new investors https://t.co/HfcQ7S0Rda ...