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Bloomberg
Primary focus: Business
China’s yuan is still undervalued versus the euro despite its recent gains, and that’s contributing to a wider European Union trade deficit, according to Deutsche Bank AG.
Chinese crude oil imports fell sharply in June to near a decade low, hampered by war in the Persian Gulf and an abrupt slowdown in domestic demand.
Taiwan reported a roughly 80 profit from a nine-month-long intervention to support the island’s stock market following the Trump administration’s move to impose tariffs, though it has now exited its position.
Jefferies says large caps are starting to look more reasonably valued.
A new breed of leveraged products tracking major South Korean chip stocks are tumbling in value, threatening steep losses for the country’s retail investors who favor the tools to pursue amplified returns.
Shares of China’s major airlines are lagging Cathay Pacific Airways Ltd. by nearly 50 percentage points this year, as analysts expect weaker profits to persist on lackluster domestic travel demand.
Japan’s Government Pension Investment Fund has room to buy as much as ¥12.3 trillion (76 billion) of additional government bonds without changing its asset allocation mix, according to Societe Generale SA, offering potential support for the debt market.
Fast-fashion giant Shein is seeking to list in Hong Kong as soon as August, targeting to raise about 2 billion to 3 billion, sources say. Minmin Low reports on the company's fundamentals. (Source: Bloomberg)
The Philippine peso falls toward a record low as escalating tensions in the Middle East drove oil prices higher, putting renewed pressure on the currency.
SK Hynix Inc. shares fluctuated in Seoul, with investors buying into weakness spurred by the AI memory selloff on Wall Street.
