US cyber defense agency warns hackers are increasingly targeting water systems Reuters

Asian stocks rallied after South Korean equities posted a record intraday gain, as investors renewed bets on the artificial intelligence trade following this week’s rout. The yen weakened, giving back some of Thursday’s intervention-driven gains.

Gold was heading for its first monthly advance since February after Japan intervened to support the yen, causing the US dollar to weaken.

Start-up discloses breach a week after rival OpenAI reported similar incident

Google, Amazon, Microsoft and Meta have vastly increased their investments since the AI boom began in 2023

HSBC Holdings Plc and Singapore banks should see stronger earnings outlook across the board, buoyed by wealth businesses strength and resilient fee income.

Retail investors have cut their margin loans in South Korea, Taiwan and mainland China, underscoring how a collapse in technology stocks in recent weeks has forced them to close out positions.

Apnimed Inc., a late-stage drug developer focused on sleep apnea, raised $192 million in an upsized US initial public offering, priced at the top of a marketed range.

South Korea’s foreign-exchange authorities are in close contact with counterparts in the US and Japan, a senior finance ministry official said, a day after Tokyo mounted a large-scale operation to prop up the yen.

If US yields keep rising, the RBI could face growing pressure to keep policy tighter.