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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…
Hong Kong High Court Judge Wilson Chan Ordered to Retire Over Judicial Plagiarism
High Court Judge Wilson Chan Ka-shun retires early on July 31 after Chief Justice Andrew Cheung found him guilty of judicial plagiarism at least five times since 2023, striking at judicial independence.
Google Faces Up to $10 Billion in EU Damages Claims After Landmark Antitrust Loss
Google now faces private lawsuits seeking up to $10 billion in damages across Europe. The wave follows a €1 billion Digital Markets Act fine, the first ever issued under that law. Regulators penalized Google for favoring its own services and blocking cheaper app payment options. Alphabet shares closed at $326.56 on July 27, 2026, up…
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,…
Nvidia Reportedly Commits Up to $50 Billion for Massive Texas AI Data Center
On July 28, 2026, reports revealed that Nvidia is preparing to commit up to $50.2 billion to a major AI data center project in Texas. If completed, it would rank among the largest infrastructure investments in the artificial intelligence industry. The planned campus could change how AI computing capacity is deployed over the next decade….
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…
Apple CEO John Ternus Signals Continued Investment in Apple TV+ Originals
On July 28, 2026, incoming Apple CEO John Ternus said Apple will continue investing in Apple TV+ Originals, confirming that original films and series remain part of the company’s long-term plans. He made the remarks during the Ted Lasso Season 4 premiere as Apple prepares for its leadership transition in September. The announcement offers an…
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%…