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10/29
11:09
Big Caring Group, Malaysia's largest pharmacy chain, plans to sell shares worth up to $565 million in an IPO. The offering, valued at a maximum of 2.3 billion Malaysian Ringgit, is expected to be the country's second-largest listing this year.
11:04
A report by accountants Grant Thornton indicates that Hong Kong's tightened securities regulations, prompted by events like Evergrande's liquidation and IPO frauds, resulted in 35 delistings versus 21 resumptions in the 12 months to August this year. Regulators have significantly increased scrutiny over issues such as asset overstatement, misappropriation, bank statement forgery, and illicit IPO proceeds outflow. The Securities and Futures Commission (SFC) has used its suspension powers three times this year, compared to once last year, and froze assets worth HK$4.6 billion (US$586.39 million) in an operation against IPO rigging syndicates.
11:03
EU energy ministers met today in Luxembourg to discuss soaring fuel prices caused by the wars in Ukraine, Iran, and Yemen, in preparation for the upcoming winter. The EU Transport, Telecommunications and Energy Council stated that discussions would cover short-term supply and price pressures, as well as long-term challenges such as climate change. Current EU energy inventories are only at 75% of available storage capacity, down from 83% at the same time last year. European wholesale natural gas prices briefly touched €100/MWh on Wednesday, the first time since December 2022, and are now roughly three times pre-Iran war levels.
11:00
Turkey is accelerating its railway projects, planning to create a seamless freight corridor connecting China and Europe through its territory by 2031. The country will invest approximately $10 billion to eliminate key bottlenecks in the Middle Corridor and construct additional southern lines connecting to the Middle East. Minister of Transport and Infrastructure Abdulkadir Uraloglu stated that the planned Bosphorus railway route will significantly increase cargo traffic through Turkey. This move aims to address the current situation where wars hinder old trade routes and tensions reshape access channels.
10:48
Oil prices fell in early trading, with Brent crude down 0.7% to $114.50 a barrel and WTI crude down 1.0% to $101.74 a barrel. The decline offset the previous day's gains, as the market held out hope for peace talks, despite lingering concerns about supply disruptions, including escalating hostilities in the Yemen region.
10:45
According to Bloomberg Markets, Pandu Sjahrir, an executive at Indonesia's sovereign wealth fund, co-owns a brokerage sanctioned for alleged stock market manipulation. Sjahrir had previously publicly supported MSCI's review of the Indonesian stock market.
10:44
Japanese private equity firm Advantage Partners is considering establishing a domestic infrastructure fund to serve as an alternative to Western giants and meet the growing demand for such funds in the Japanese market.
10:39
Musk retweeted a SpaceX post, stating that Starship 42 will achieve "catch by Mechazilla" for the first time. SpaceX previously announced that Starship 42 had completed a six-engine static fire test and simulated a deorbit burn, in preparation for its 15th flight mission.
10:37
Samsung Electronics shares fell after the company reported third-quarter profits that slightly missed analyst expectations, despite its optimistic outlook on AI spending.
10:35
According to The Defiant, the zkLink Nova Bridge suffered an exploit, with approximately $779,000 stolen in a single transaction. Blockaid had previously warned that a forged batch root could lead to unauthorized withdrawals, but the main Ethereum custody still shows an unpaused status.
10:29
Google-backed Proxima Fusion, a Munich-based nuclear fusion start-up, is partnering with Japan's Fujikura on a possible manufacturing facility in the German state of Lower Saxony. The facility aims to produce critical fusion reactor components and help revive Germany's industrial base. Proxima Fusion's chief executive stated that companies are moving to China due to a lack of cheap nuclear power in Germany.
10:23
Ripple announced on October 28 that its business is on track to achieve a record annualized product revenue run rate of $900 million by 2026, driven by expanded institutional partnerships and growing demand for financial infrastructure. However, its affiliated cryptocurrency, XRP, has fallen nearly 30% this year and over 50% in the past 12 months, heading for its worst annual performance since 2022, highlighting the widening gap between Ripple's business success and XRP's market performance.
10:17
China's technology stocks are losing their luster as investors question whether the country's artificial intelligence boom can deliver profits strong enough to justify lofty valuations. The STAR 50 Index, tracking major tech firms on Shanghai's STAR Market, has plunged over 40% from its July peak. Battery giant CATL, a key player in the EV and energy storage sectors, has also fallen 37% since the start of the year, despite reporting approximately 59% revenue growth in Q3, with net profit rising only about 15%. Analysts note that while the sell-off began as a valuation correction, it has evolved into a critical assessment of whether AI investments can translate into sustainable earnings, particularly given China's prolonged property downturn and weak consumption.
10:06
Former President Barack Obama criticized former President Trump's decision to launch a war against Iran, arguing that Tehran did not possess nuclear weapons and the 2015 agreement had curbed its nuclear program. Obama stated that the conflict has made the US 'more vulnerable', leading to attacks on allies and bases, American casualties, depleted missile stocks, and Iran gaining veto power over the Strait of Hormuz. He added that these factors contributed to the increase in oil prices.
10:01
Thailand's second-largest bank, Kasikornbank, is leveraging artificial intelligence to expand its wealth management customer base. CEO Kattiya Indaravijaya stated that technology can help analyze customer needs and provide suitable services.
09:50
According to Nikkei Asia, Iranian separatists are stepping up attacks and seizing territory in remote areas of Iran's Sistan and Baluchestan province, near the Pakistani border. Some analysts believe this move is in response to a potential full-scale US attack and aims to weaken Tehran's control in the region.
09:47
Blockchain data provider Allium has disclosed a security vulnerability, detecting unauthorized access on October 25. Allium has previously served clients such as Visa, Stripe, and Coinbase. The company has notified affected customers and engaged an independent cybersecurity firm to investigate. Currently, its core services have been restored, but some functionalities remain unavailable.
09:47
Former U.S. President Donald Trump defended his decision to go to war with Iran at a campaign rally in Chillicothe, Ohio, on October 28, claiming, "We didn't start this war." He stated that Iran has "far fewer" missiles and that its drone manufacturers are struggling due to "no electricity." The material indicates that the U.S. and Israel launched a war against Iran on February 28 and repeatedly attacked Iran during negotiations.
09:44
The Philippine peso has slid nearly 8% against the dollar this year, which marketwatchers believe may prompt the central bank to deploy more tools to stabilize the currency.
09:35
The U.S. has warned Middle Eastern nations of a potential "short, sharp military action" against Iran after the midterm elections, which could lead to Iranian retaliation, according to reports from The Wall Street Journal and the Associated Press. The reports indicate that Donald Trump has not yet made a final decision on whether to launch new strikes. Meanwhile, the UAE has called for de-escalation and diplomatic efforts in the region. Qatari mediators proposed a new draft peace agreement, but it was rejected by a senior Iranian official as an "unacceptable idea." Iranian official Araghchi stated that Tehran remains in contact with mediators and continues to allow for diplomatic opportunities.

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