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New Zealand Shares Unchanged While Asian Equities Retreat on Semiconductor Stock Sell-Off
On July 28, 2026, New Zealand shares held steady while most Asian stock markets slipped during a broad semiconductor sell-off. Sharp declines in major chipmakers across Japan, South Korea, and Taiwan weakened investor sentiment and renewed concerns about technology stock valuations. Even as regional markets struggled, New Zealand remained relatively stable. So, what helped the…
Vanguard Quietly Builds Nearly $1 Billion Strategy Stake Despite Bitcoin ETF Stance
Vanguard has increased its stake in Strategy Inc by $50 million, pushing its holding close to $1 billion. The asset manager now holds roughly 10.5 million shares of the Bitcoin treasury company. This comes despite Vanguard’s long-standing refusal to offer spot Bitcoin ETFs on its brokerage platform. The firm’s exposure stems from passive index tracking,…
Amodei Opposes OpenAI Model Ban While Calling for Stronger Safety Testing
On July 27, 2026, Anthropic CEO Dario Amodei said he does not support banning open-weight AI models, despite the growing debate over AI regulation. Instead, he called for stronger safety testing of the most powerful AI systems before they are released. His comments come as governments and technology companies look for ways to balance AI…
ASX Shares Rise as S&P/ASX 200 Climbs 54 Points; Viva Energy (ASX: VEA) Jumps on Strong Earnings Outlook
ASX shares extended gains on Tuesday, July 28, 2026, as falling oil prices lifted investor sentiment. The S&P/ASX 200 Index climbed 0.6%, or 53.80 points, closing at 8,947.80. The All Ordinaries rose 48.20 points, or 0.53%, to 9,112.00. Viva Energy Group led company news, with H1 2026 EBITDA guidance more than doubling from a year…
Nikkei 225 Slides nearly 4% as Samsung and SK Hynix Lead Global Chip Stock Selloff
Nikkei 225 slid nearly 4% Tuesday, dragged lower by a global chip stock selloff. Japan’s benchmark index fell to 62,350.18, its weakest level since late May. Samsung Electronics tumbled as much as 13.4%, while SK Hynix dropped up to 14%. South Korea’s Kospi index plunged 10.5% to 6,051.19, triggering a trading suspension. Concerns over AI…
RBA Rate Hike Odds Jump to 35% as Unemployment Stays Low on July 28
RBA rate hike odds surge to 35% following strong June jobs data. Markets now price in potential 4.6% cash rate by December 2026, highest since 2011. Mortgage holders face potential triple blow from rates, inflation, and oil prices.
Kospi Index Plunges Over 9% as Global Chip Selloff Sparks Market Panic
South Korea’s Kospi Index plunged as much as 10.5% on Tuesday, July 28, 2026, hitting an intraday low of 6,051.19 points. The rout triggered a full 20-minute trading halt after the index breached its 8% circuit-breaker threshold at 10:13 a.m. local time. Chipmakers Samsung Electronics and SK Hynix led the collapse, tumbling 12% and 12.7%…
Trump Halts Iran Bombing After Two Weeks; Talks Resume July 28
Trump suspends Iran bombing campaign after two weeks of strikes. US and Iran pause attacks as mediators push for renewed peace talks on Strait of Hormuz control and nuclear issues.
Jeff Kent, Beltran, Jones Inducted to Hall of Fame on July 27
Jeff Kent, Carlos Beltran, and Andruw Jones joined the Hall of Fame on July 27, 2026. Kent hit 377 home runs as a second baseman and won NL MVP in 2000.