For Dorian Hsu, Taiwan’s stock boom had looked like a chance to get ahead. The 33-year-old office worker poured his savings into stocks and borrowed $62,000 through an unsecured loan to double down on leveraged bets tied to the benchmark index.
Global bond and currency investors are debating if it’s time to dust off last year’s ‘Sell America’ trade after a flurry of economic-policy decisions out of Washington over the past two weeks.
More than two months after President Prabowo Subianto unveiled plans to take control of Indonesia’s top commodity exports, the agency charged with carrying out the proposal is caught between competing visions of its role in the economy’s most vital export industry.
Glencore Plc will launch a secondary listing in Australia as soon as October as the mining giant seeks to tap new investment in the nation’s fast-growing A$4.4 trillion ($3.1 trillion) pension system.
Iran said it reached an agreement with Oman on a proposed route for shipping through the Strait of Hormuz, a potential step toward a reopening of the critical waterway for energy supplies. Bloomberg's Michael Heath breaks down what we know so far about the possible deal. (Source: Bloomberg)
Joint US-Japan intervention has supported the yen for now, but isn’t a game-changer for the currency or the economy, Japan’s former Prime Minister Fumio Kishida tells Bloomberg TV. (Source: Bloomberg)
India’s plan to sell more shares in its insurance giant was no secret. But the government surprised the market by how much it raised and the pace of the deal.
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Asia shares ease on tech pullback, oil stable as Iran talks stay in focus Reuters
Chip giant SK Hynix Inc. suffered its second short-lived share plunge in about a week, raising fresh questions about trading volatility on South Korea’s alternative stock exchange.
Jack of All Trades
Eli Lilly reported $23 billion in revenue with Mounjaro at $9.9 billion, up 91%. Disney beat estimates as Toy Story 5 crossed $1 billion. After the bell, Sandisk and Western Digital each beat earnings and fell anyway. AppLovin dropped 21% on a genuine miss as its e-commerce ad ramp slowed.