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BUSINESSJul 27China memory chipmaker CXMT shares soar in a blockbuster share listing in ShanghaiCXMT, a Chinese memory chipmaker, experienced a significant surge in its shares following a major listing in Shanghai, reflecting strong market performance.asiaone.com · Singapore
BUSINESSJul 27Nvidia, SK Group ink over $500B partnership amid South Korea's $950B ​AI initiativesNvidia and SK Group have formed a partnership exceeding $500 billion, aligning with South Korea's $950 billion AI initiatives. This indicates a massive investment and collaboration in artificial intelligence technology.Seeking Alpha Tech
BUSINESSJul 27AI fuels boom as Hong Kong exports soar 53% to record HK$641 billion in JuneHong Kong exports rose 53.4 per cent year on year in June, their sharpest increase in 42 years, to a record HK$641.1 billion (US$81.7 billion) on strong overseas demand for AI-related products. Provisional figures released by the Census and Statistics Department on Monday showed that the total value of exports climbed to HK$641.1 billion last month, after a 40.8 per cent surge in May. The last time exports rose more than 50 per cent in a month was in March 1987, and the last time they...South China Morning Post
BUSINESSJul 27Seven Hong Kong developers bid for waterfront project as Kowloon renewal gathers paceHong Kong’s Urban Renewal Authority (URA) received seven tender submissions for a major waterfront residential redevelopment project in Hung Hom, drawing bids from some of the city’s largest developers despite a subdued land market. The authority said on Monday that seven developers submitted tenders for the project before the noon deadline. A tender review panel under the URA board will assess the bids before making recommendations, with the board to decide on the successful...South China Morning Post
BUSINESSJul 27Why Hong Kong’s student housing market faces race against timeIn the first half of this year, investment in Hong Kong commercial real estate reached HK$24.1 billion (US$3.1 billion), up 56 per cent in annualised terms, according to CBRE data. The education industry was a crucial source of demand, generating HK$10 billion worth of transactions, with many of these deals involving assets for conversion into student housing. At a time when the living sector – which includes traditional rental housing, purpose-built student accommodation (PBSA) and housing for...South China Morning Post
BUSINESSJul 27China memory chipmaker CXMT shares soar in a blockbuster share listing in ShanghaiA Chinese memory chipmaker experienced a significant increase in its share value following a major stock listing in Shanghai, reflecting strong market performance.niagarafallsreview.ca · Canada
BUSINESSJul 27Tokyo stocks up on Middle East hopes but AI investment concerns trim gainsTokyo stocks saw gains influenced by positive expectations regarding the Middle East, though these were partially offset by worries about artificial intelligence investments. This reports on the daily performance of the Tokyo stock market, affected by geopolitical and technological investment factors.japantoday.com · Japan
BUSINESSJul 27China’s private-sector split widens as tech rises, traditional sectors struggle: surveyMany of China’s private firms continue to face tough operating conditions, including intense market competition, persistent payment delays and weak domestic demand, though technology firms have shown stronger momentum, according to fresh survey results. The recent survey of 79 entrepreneurs from medium- and large-sized private firms found that more than 70 per cent of respondents described their current business conditions as difficult or very difficult, according to the Beijing-based Dacheng...South China Morning Post
BUSINESSJul 27China memory chipmaker CXMT's shares soar in blockbuster listingShares of CXMT, China's largest memory chipmaker, soared on Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years.EuroNews [en]
BUSINESSJul 27Tokyo stocks up on Middle East hopes but AI investment concerns trim gainsTokyo stocks rose Monday morning, after crude oil prices retreated on expectations that tensions in the Middle East would ease, while gains were trimmed on concerns over the…Japan Today
BUSINESSJul 27China memory chipmaker CXMT shares soar in its blockbuster share listing in ShanghaiChina memory chipmaker CXMT saw its shares soar during its blockbuster listing in Shanghai. This reflects a successful market debut for the technology company.dailyexcelsior.com · India
BUSINESSJul 27Hong Kong : The New Dubai for Global Founders ? Osome Backs the Next WaveThe article discusses Hong Kong's potential to become a leading hub for global founders, comparing it to Dubai, with Osome supporting this next wave of development. It explores economic shifts and investment opportunities in the region.itnewsonline.com · United States
BUSINESSJul 27Indonesia Central Bank Chief Perry Warjiyo ResignsPresident Prabowo Subianto has accepted the resignation of Perry Warjiyo, who had served as Bank Indonesia's governor since 2018, State Secretary Prasetyo Hadi told reporters in Jakarta. The post Indonesia Central Bank Chief Perry Warjiyo Resigns appeared first on Channels Television.Channels TV
BUSINESSJul 27Hong Kong home sales recovery expected to boost developers’ earningsHong Kong property developers are expected to report stronger first-half earnings in the coming weeks, buoyed by a rebound in home sales and improving development margins, as investors look for clues on whether the sector’s recovery is sustainable. Bank of America Global Research expected Hong Kong developers and conglomerates to post average core net profit growth of 8 per cent year on year, excluding New World Development, according to a report published on July 15. “We expect the Hong Kong...South China Morning Post
BUSINESSJul 27China memory chipmaker CXMT rockets 500% in Shanghai debut, lifts valuation above $539BChinese memory chipmaker CXMT saw its valuation exceed $539 billion after its stock soared 500% on its Shanghai debut. This indicates a highly successful market entry for the company.Seeking Alpha Tech
BUSINESSJul 27South Korea's Naver rallies after Nvidia unveils $1B strategic investmentSouth Korea's Naver has seen its stock rally following Nvidia's announcement of a $1 billion strategic investment. This significant investment is boosting confidence in Naver.Seeking Alpha Tech
BUSINESSJul 27Shein slumps to loss ahead of planned Hong Kong listingUS and EU trade tensions hit fast-fashion retailer’s profitsFinancial Times
BUSINESSJul 27China’s industrial profits grow at slowest pace this yearOfficial data highlights uneven earnings rebound among manufacturersFinancial Times
BUSINESSJul 27From property boom to AI : How China can guard against its next corruption riskThis article discusses how China can protect itself from future corruption risks, moving from concerns in the property sector to those potentially emerging with artificial intelligence. It examines methods for safeguarding against economic and technological malfeasance.businesstimes.com.sg · Singapore
BUSINESSJul 27China industrial profit growth moderates amid patchy recoveryChina's industrial profit growth has moderated as the country experiences a patchy economic recovery. This development reflects ongoing challenges in the nation's economic landscape.businesstimes.com.sg · Singapore
BUSINESSJul 27Asian stocks rise as Iran tensions ease ; Japan , South Korea lead gainsAsian stock markets are rising, with Japan and South Korea leading gains, due to easing tensions involving Iran. This indicates a positive economic response to de-escalating geopolitical risks.businesstimes.com.sg · Singapore
BUSINESSJul 27China bets on local consumers to power its AI ambitionsChina is reportedly relying on its domestic consumers to advance its ambitions in artificial intelligence. This strategy aims to leverage internal market forces for technological development.straitstimes.com · Singapore
BUSINESSJul 27SeAH Aerospace & Defense Becomes Korea First Aluminum Alloy Supplier for AirbusSeAH Aerospace & Defense has become the first Korean supplier of aluminum alloy to Airbus. This marks a significant development in the aerospace supply chain.prnewswire.com · United States
BUSINESSJul 27China memory chipmaker CXMT skyrockets 470% in Shanghai debutThe Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.CNBC
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