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Japan’s Pension Fund Pivot Lifts Yen 0.6% to 161.44 on July 10
Japan’s GPIF pension fund signals shift toward domestic investments. Yen jumps 0.6% to 161.44 per dollar on July 10 as 10-year JGB yields fall 10 basis points.
DBS Saturday Savings Plan Launches July 18: S$3 Off Eggs and Rice at Sheng Siong, Giant
DBS launches Saturday Savings Plan from July 18 to Aug 29, offering S$3 discounts on eggs and rice at Sheng Siong and Giant supermarkets for cardholders. Part of bank’s S$10M cost-of-living push.
SK Hynix Surges 13% in Record $26.5B Nasdaq Debut on July 10
SK Hynix debuts on Nasdaq with $26.5B raise, closing up 13%. The South Korean chipmaker supplies high-bandwidth memory to Nvidia and faces exponential AI demand that outpaces its doubled production plans.
XPeng Robotaxi Enters Testing as CEO Takes First Autonomous Ride
XPeng starts robotaxi testing in Guangzhou with CEO’s first ride. Stock up 1.5% as company targets 2026 commercialisation. Meyka rates XPEV a B with $25.30 yearly forecast.
SK Hynix Jumps 13% in Record $26.5B Nasdaq Debut on July 10
SK Hynix stock jumps 13% to $168.01 in record $26.5B Nasdaq debut. The South Korean memory chipmaker’s IPO is the largest US listing by a foreign company, fueled by AI chip demand.
FBI Probes Argentine Football Association Over $300M in US Transfers
FBI investigates Argentine Football Association for alleged money laundering and fraud involving $300 million in U.S. transfers. No charges filed yet. Investigation ongoing.
NVDA Bounces 4% as Memory Chip Shortage Eases AI Bottleneck
Nvidia stock climbs 4% on July 10 after a $1 trillion market cap decline. Memory chip shortage eases, but competition from Micron and others intensifies as AI infrastructure demand shifts.
King Charles Meets Prince Harry and Family at Highgrove After Four Years Apart
King Charles hosted Prince Harry, Meghan, Archie and Lilibet at Highgrove House on Friday. It was the first meeting with his grandchildren in four years, though no photos were released.
SK Hynix Surges 13% in Record $26.5B US Debut on July 10
SK Hynix raises $26.5 billion in record US IPO, largest foreign listing ever. Stock surges 13% on first day as AI chip demand drives memory shortage.