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Australia’s Data Centre Boom Eclipses Mining Surge, June 08
Australia’s data centre investment boom in NSW and Victoria now exceeds the 2010s mining boom, injecting $300 billion as AI demand surges.
Nikkei 225 Falls 1.3% to 66,588 on Broadcom Shock, June 08
Nikkei 225 falls 1.3% to 66,588 on June 08 as Broadcom’s weak AI chip guidance sparks global tech rout. Index down from 68,786 record high.
Hong Kong Stocks Face Sharp Selloff as US Jobs Data Triggers Global Rout, June 08
Hong Kong stocks plunge as strong US jobs data fuels rate hike fears. Hang Seng faces sharp selloff on June 8 after Nasdaq crashes.
Microsoft Stock Falls 2.7% on AI Spending Doubts, June 08
Microsoft stock fell 2.7% to $416.67 amid analyst disagreements on AI spending returns and mixed price targets.
Shimao Group’s Hong Kong Airport Hotel Faces Bank Seizure, June 08
Shimao Group’s 1,200-room Sheraton hotel near Hong Kong Airport faces bank seizure after defaulting on a HK$4.5 billion loan.
SpaceX IPO June 12: Musk Targets $1.8 Trillion Valuation
SpaceX IPO on June 12 targets $1.8 trillion valuation. Elon Musk’s net worth could reach $1.1 trillion. S&P 500 entry expected 2028.
Newfoundland Power Restores Service After Grid Trip, June 07
Newfoundland power outage restored after Labrador Island Link trip. Most customers back online. Grid concerns rise.
Bybit Opens SpaceX IPO Access via Crypto, June 08
Bybit launches IPO Express, offering retail investors tokenized SpaceX shares at IPO price through xStocks technology.
China’s 100 Billion Yuan Stimulus Drives Lending Surge, June 08
China’s 100 billion yuan stimulus drives 8.8 trillion yuan in new lending, targeting small businesses, equipment upgrades, and consumer services.