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9/16
02:27
The U.S. imposed visa restrictions on South African officials, accusing them of discriminating against the white minority and warning of further escalatory measures.
U.S. Secretary of State Marco Rubio announced on Tuesday that the United States will impose visa restrictions on South African officials accused of discriminating against the white minority in South Africa, citing the South African government's failure to adequately address U.S. concerns about racial inequality. Rubio stated that these restrictions would target individuals who promote "racially-based discrimination, incite violence, or expropriate land without compensation in South Africa." The U.S. Embassy in Pretoria warned that these visa restrictions are merely "the first step in a series of escalating measures." U.S.-South African relations have continued to deteriorate since President Donald Trump returned to the White House early last year, with the U.S. having previously cut aid and expelled the South African ambassador.
02:25
India's SEBI Reportedly Eases Arbitrage Fund Rules to Boost Stock Auction Liquidity
India's market regulator, SEBI, has reportedly granted arbitrage mutual funds greater flexibility in managing their positions. This move aims to attract a crucial source of liquidity into the struggling closing auction for stocks, according to people familiar with the matter.
02:22
Investor Faith in Europe’s Stock Market Shows Signs of Fatigue
Europe’s stock market rally has become more concentrated this year, amplifying risks as investors turn less optimistic about its economic outlook.
02:20
Jefferies warns against fighting the earnings cycle, expects S&P 500 to rise to 8,000 by end of 2026 and hit 9,000 in 2027.
Jefferies, in its latest research report on September 14, stated that Wall Street might be significantly underestimating the explosive power of the current earnings cycle. Driven by the dual engines of the AI investment frenzy and better-than-expected corporate earnings, the firm projects the S&P 500 index to reach 8,000 points by the end of 2026 (based on an EPS of $373 and a P/E ratio of 21.5x), and further touch 9,000 points in 2027 (based on an EPS of $450 and a P/E ratio of 20.0x). The report also highlighted two core risks: a substantial slowdown in earnings growth for AI-related companies and a sustained rise in the 10-year U.S. Treasury yield.
02:18
Lookonchain monitoring: Crypto whale Unipcs' portfolio has shrunk by $12.6 million in the past 10 days, but it has not yet sold its holdings of PONS, USELESS, or MarsCoin tokens.
02:15
Naver and Toss are embroiled in a dispute over search and offline payment businesses, with Naver seeking a police investigation and Toss preparing an antitrust complaint.
South Korean tech giant Naver and fintech firm Toss are embroiled in a two-pronged dispute, industry sources revealed on Wednesday. Naver is seeking a police investigation into Toss's reward search campaigns, while Toss is preparing to file an antitrust complaint regarding access to Naver's merchant platform. The initial disagreement over whether Toss distorted Naver's search results has now spread to the offline payment market, centering on access to data and services between consumers and local merchants.
02:14
Databricks Piles Investments Into Asia as Growth Accelerates
The analytics and artificial-intelligence software firm plans to invest more in Singapore to tap regional demand, citing accelerating business growth in Asia.
02:14
Zcash Holders Overwhelmingly Vote for Faster Transactions and Retain Bitcoin-Style Halving Schedule
Nearly 2.4 million ZEC participated in a governance vote, with 99.9% backing a reduction in block time to 25 seconds (from 75 seconds) and 98.9% voting to preserve the network’s existing bitcoin-style halving schedule.
02:11
UK inflation jumps to 3.1% as energy costs soar
02:10
Citi Report: AI's "continuous learning" will lead to memory supply-demand imbalance, with DRAM and NAND shortages expected to persist until 2031.
Citi stated in a report on September 14 that as AI enters the "continuous learning" era, demand for HBM, server DDR5, and enterprise solid-state drives (eSSD) will experience explosive growth starting in 2027. Citi expects the DRAM supply/demand ratio (S/D ratio) to worsen to -8.7% and -9.7% in 2027 and 2028, respectively, while the NAND S/D ratio will also fall to -6.1% and -5.5% during the same period, with the supply-demand imbalance projected to continue until 2031. The report also forecasts that global memory capital expenditure will surge by 46.5% year-on-year to $80.4 billion in 2027, but due to the limitations of capacity build-out cycles, it will be difficult to close the supply-demand gap.
02:10
South Korea's Posco launches second 120-hour partial strike, HD Hyundai Heavy Industries extends walkout, as labor unrest intensifies across key manufacturing sectors.
South Korea's Posco launches second 120-hour partial strike, HD Hyundai Heavy Industries extends walkout, as labor unrest intensifies across key manufacturing sectors. Posco's latest action, its second strike in 58 years, targets the No.2 hot-rolling mill and is set to run until Monday.
02:05
ByteDance's AI-powered short-drama app Hongguo has eclipsed China's Netflix rivals combined
Launched in 2023, Hongguo quickly became a household name by riding China’s short-drama boom, propelled by a surge in AI-generated content and AI-animated dramas using models like ByteDance’s Seedance.
02:04
Hong Kong rated Asia’s top financial hub for 4th straight year and third globally in GFCI report released on Wednesday, scoring 756 points
Hong Kong has retained its status as Asia’s top financial hub for a fourth consecutive edition of the Global Financial Centres Index (GFCI), even as many of the world’s leading centres saw their scores slip slightly amid rising geopolitical headwinds. The city also ranked third globally in the 40th edition of the twice-yearly report, released on Wednesday amid a remarkably tight race at the top of global finance. Hong Kong scored 756, just one point behind London on 757 and a point ahead of...
02:03
United Kingdom Aug Inflation Rate YoY
★★★★★Inflation Rate YoYPrevious 2.9%Forecast 3.1%Actual 3.1% In line with forecast
Core Inflation Rate YoYPrevious 2.6%Forecast 2.6%Actual 2.6% In line with forecast
Core Inflation Rate MoMPrevious 0.2%Forecast 0.3%Actual 0.3% In line with forecast
Inflation Rate MoMPrevious 0.3%Forecast 0.5%Actual 0.5% In line with forecast
02:01
Hong Kong to Launch Dim Sum Bond Index, Aiming to Boost Trading and Reinforce Offshore Yuan Hub Role, Says Chief Executive John Lee
02:00
Investors remain bullish on equities and AI spending despite soaring Treasury yields and oil prices breaking above $100.
The U.S. 10-year government bond yield surpassed the 5% mark on Tuesday, and Brent crude oil prices remained above $100 per barrel. However, Bank of America's latest Global Fund Manager Survey indicates that most investors remain optimistic about growth and earnings prospects, expecting strong AI spending to continue. The survey found that 49% of fund managers were overweight global equities in September, with their earnings per share growth expectations for the next 12 months reaching a new high since August 2021. Additionally, 38% of respondents anticipate the global economy will "boom" in the coming year. BlackRock Investment Institute stated that despite rising yields, they maintain a pro-risk stance and continue to be overweight U.S. equities and AI-related assets.
01:55
Pound and UK Stocks Stronger Ahead of Inflation Data
01:54
US House votes 220-204 to end Iran war, approving resolution to halt Trump's military action; 7 Republicans join in favor
This marks the third time the House has approved such a war powers resolution, following previous efforts this summer. However, none of these resolutions have reached President Trump's desk, where he would almost certainly veto the measure. The conflict, which Trump launched on February 28, has dragged on for nearly seven months, with missile strikes causing regional instability.
01:54
China's Pinglu Canal, the first modern river-to-sea waterway, opens on Wednesday, expected to cut shipping distances to Southeast Asia by ~560km and logistics costs by 18-30%
The 134km canal, which links the Xijiang River with the Beibu Gulf, aims to provide a shorter route to the sea for vast areas of southwest China. The project cost approximately $10.8 billion (72.7 billion yuan) and is part of China's New International Land-Sea Trade Corridor and Belt and Road Initiative. It is estimated to reduce transport costs by over $700 million (5 billion yuan) annually.
01:52
AI Boom Creates Unexpected Billionaires in Overlooked Sectors
The AI boom, spurred by the rise of ChatGPT in 2022, is generating a new class of billionaires from companies that manufacture previously overlooked industrial products and obscure hardware, as demand for AI infrastructure soars.
01:43
Korean Air finalizes record $44.8 billion aircraft order with Boeing, GE Aerospace and CFM International
The deal, first outlined over a year ago, includes $36.2 billion for 103 Boeing aircraft (20 Boeing 777-9s, 25 787-10s, 50 737-10s, and eight 777-8F freighters), along with approximately $8.6 billion in agreements with GE Aerospace and CFM International for 21 spare engines and a 15-year maintenance contract for 28 aircraft.
01:39
Nikkei Asia: India's Data Center Development Plan Receives Billions in Rupees of Incentives, But Is Not Expected to Directly Create a Large Number of Jobs
Nikkei Asia analysis indicates that despite the Indian government offering billions of rupees in incentives for data center projects by companies like Google and Amazon, these projects are not expected to directly create a large number of jobs. India currently generates about 20% of global data but accounts for only 4% of the world's data center capacity. Job creation has become a critical issue amid concerns of "jobless growth."
01:34
South Korea's PanStar Group plans to expand Arctic container voyages from next year, betting on high-value cargo after a 20-day trial run to Europe.
PanStar Group aims to compete with larger Chinese operators by focusing on a seasonal service for high-value cargo.
01:30
Oil falls, Asian stocks rise ahead of Fed rate decision
Crude prices declined on Wednesday but remained near multimonth highs, while Asian stocks gained as investors awaited the Federal Reserve’s rate decision.
01:26
Daewoo E&C to modernize 250km Karakum Canal section in Turkmenistan
South Korea's Daewoo Engineering & Construction (Daewoo E&C) will cooperate with Turkmenistan to modernize a 250-kilometer section of the Karakum Canal. The firm and Turkmenistan's State Committee for Water Management signed a memorandum of understanding (MOU) for the project on Tuesday, aiming to expand Daewoo E&C's presence in Turkmenistan's industrial sectors.
01:21
SK Hynix labor dispute resolved as production workers approve 50-50 cash-stock bonus agreement, averting a strike.
Production workers at South Korean chipmaker SK Hynix on Wednesday approved a revised labor deal, ending weeks of negotiations and averting a strike. Under the new agreement, profit-sharing bonuses will be distributed 50% in cash and 50% in stock. The deal received 57.08% support in a two-day vote, with 15,297 out of 16,039 eligible union members participating.
01:15
HD Construction Equipment wins 45-excavator order for Hong Kong railway expansion
South Korea's HD Construction Equipment has secured an order for 45 Develon excavators, including seven 53-ton models and 38 midsize to large models (14-36 tons). These machines will be deployed for MTR Corp.’s Tung Chung Line extension in Hong Kong, a project involving 1.2 kilometers of new track and station facilities on reclaimed coastal land.
01:14
University of Manchester Uses NVIDIA Earth-2 AI to Forecast UK Air Pollution
The University of Manchester has successfully leveraged NVIDIA's Earth-2 AI models and tools to develop a high-resolution air pollution forecasting model for the UK. The model, trained in just two days on the UK's national AI supercomputer Isambard-AI, can predict air pollution at a resolution of 2-3 square kilometers. This breakthrough enables the simulation of future pollution scenarios, such as the impact of government policy changes, and could provide proactive air quality alerts for healthcare organizations.
01:10
South Korea's Woori Bank's prepaid travel card surpasses 10,000 foreign users in three months
Woori Bank announced Wednesday that its NOL World Card, a prepaid card designed for foreign visitors, has surpassed 10,000 issuances just three months after its launch. The card, developed with travel platform operator NOL Universe and fintech company Kona I, allows visitors to exchange currency, add funds, withdraw cash, and make payments in Korea without needing to open a local bank account.
01:07
AIMA's Kher Sheng Lee Looks Forward to More Accommodative Measures in Hong Kong's Five-Year Plan
Kher Sheng Lee, Managing Director and APAC Co-Head at the Alternative Investment Management Association (AIMA), stated that his industry group anticipates more accommodative measures to help the industry expand in Hong Kong, following the city's newly announced Five-Year Plan.

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