North Korea’s economy roared back to life as arms transfers with Russia provided support for Kim Jong Un’s regime, allowing the leader to shun diplomacy as he ramped up his threats against the US and South Korea.
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Updates
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China’s electric carmakers are expanding in Europe to blunt the impact of tariffs meant to weaken their price advantage over the region’s ailing legacy manufacturers.
China’s Made-in-Europe EVs Pose New Threat to Region’s Carmakers
bloomberg.com
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The trailer of a TV series portraying a Chinese attack on Taiwan has prompted a wave of emotional responses and stirred calls for greater military readiness on the self-ruled island.
Taiwan TV Series Depicting China Invasion Sparks Anxious Debate
bloomberg.com
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Why the "crazy" yen rally is at risk of shattering as soon as next week.
‘Crazy’ Yen Rally Is at Risk of Shattering as Soon as Next Week
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Signs that equity investors are getting cold feet over the rapid advances in AI leaders have put a spotlight on some less obvious beneficiaries of the tech boom. Here’s a look at the prospects for various sectors.
Great Rotation Trade Sees Investors Dump AI Giants for Less Obvious Stocks
bloomberg.com
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Indian traders look at a slightly better end to the week after the budget took a hit on stocks. Read for free with your email on what could move markets today ⬇️
Here's Why India’s Asset Sales are Back in The Spotlight
bloomberg.com
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Fashion designer Vivienne Tam's collections have lit up runways around the world for decades. But she shows Bloomberg's Haslinda Amin she still takes inspiration from fabric markets near her Hong Kong home. https://trib.al/FWR0WCV
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Bloomberg News reposted this
On Bloomberg News with Ivy Chok and Natalia Kniazhevich: Signs that equity investors are getting cold feet over the rapid advances in #AI leaders have put a spotlight on some less obvious beneficiaries of the technology boom. A sevenfold surge in shares of #Nvidia since the launch of ChatGPT in late 2022 helped drive a #megacap-led rally around the world. But concerns over the sustainability of those gains as well as geopolitical tensions and shifts in global monetary policy are now driving a #broadening of the market amid a hunt for new drivers. Investors are selling AI giants to snap up smaller stocks and defensives that had lagged behind. That rotation coincides with the AI theme’s #expansion to areas beyond chips and software, including the vast amounts of #power and #land the technology requires as well as what industries may eventually benefit from its implementation. While tech and communications remain the top two performers on the MSCI World Index year to date — up more than 14% each — they are the two worst performers so far this quarter. The two biggest gainers since the end of June have been real estate and utilities. https://lnkd.in/gc6vuaUK
Great Rotation Trade Turns Spotlight on Less Obvious AI Winners
bloomberg.com
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“Before they didn’t want anything Chinese." As Western luxury labels court controversy in China, Hong Kong-based fashion designer Vivienne Tam sees the rising nationalism as a business opportunity.
Vivienne Tam Doubles Down on China as Western Labels Struggle
bloomberg.com
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Exclusive: One of Asia's largest hedge funds, Hermes Li’s Aspex Management, posted 21% returns in the first half, helping boost assets to more than $9 billion.
Hermes Li’s $9 Billion Aspex Hedge Fund Gains 21% in First Half
bloomberg.com