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The yuan hits a 3-year high against the dollar as Chinese equities show sector divergence
China's exchange rate rose to its highest level in three and a half years, while stock markets displayed conflicting performance across sectors.
Markets
Japanese stocks surged 2.12% as YBNR rate hike bets resurge to 1.25%
The Nikkei index rose by over two percent amid renewed expectations that the Bank of Japan will raise interest rates next week.
Technology
British chip maker IQE reports first-half core profit of £6 million, guided for AI data centre growth
Wales-based company IQE swung to a profit in the first half of the year driven by demand for indium phosphide used in laser technology for AI data centres. Management raised its annual revenue guidance and plans to list shares on the London Main Market.
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Technology
Nvidia partners with Australian firms to build capacity for 2 gigawatts of AI by 2027
Technology
$2,500 Foldable iPhone to be unveiled by Apple's first folding phone under new CEO John Ternus
Markets
KOSPI climbs 1.44% as Samsung and SK Hynix rally on AI optimism
Technology