Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Shares of Zhipu AI, trading as Knowledge Atlas Tech, rose sharply on Thursday after the company raised approximately $4 billion in a secondary share sale. The stock's performance was also bolstered by key investors reaffirming their long-term commitment, which eased market concerns.
U.S. Treasury yields rose on Tuesday as investors braced for the release of the Federal Reserve's June meeting minutes, anticipating a hawkish tone from policymakers. The increase occurred despite recent data showing weaker-than-expected job growth.
Most Asian markets fell on Thursday amid rising oil prices and a continued slump in Samsung shares, dampening investor sentiment. A strong performance by Japanese semiconductor stocks, however, helped to offset some of the broader regional losses.
A significant volume of currency option contracts, valued in the billions of dollars, is set to expire on Wednesday, potentially impacting major pairs like EUR/USD and USD/JPY. The expirations could influence trading activity around key price levels.
The U.S. dollar gained value on Tuesday as investors sought safer assets following reports of attacks on three oil tankers near the Strait of Hormuz, which heightened geopolitical tensions and prompted a response from Washington.
The British pound maintained its position near its strongest level since mid-June on Tuesday, as the U.S. dollar traded within a narrow range. Investors are looking ahead to the release of Federal Reserve meeting minutes for further market direction.
Shares in Japanese chipmaker Kioxia surged on Thursday after private equity firm Bain Capital announced it had sold its entire stake in the company. The stock's rise was also supported by anticipation of significant fund inflows and a recent price dip that analysts viewed as a buying opportunity.
Gold prices declined on Thursday, pressured by a strengthening U.S. dollar as investors reacted to renewed military activity between the U.S. and Iran. The geopolitical tensions have fueled concerns over persistent inflation and the potential for higher interest rates.
According to analysts at Citi, the historic strength of Japanese equities is a key factor behind the yen's recent decline. The bank notes that investors hedging their stock market gains are selling the currency, creating sustained downward pressure.
