Posts by Liam Redmond
TSMC‘s second-quarter profit seen hitting record on AI boom
Published Thu, Jul 16, 2026 · 11:28 AM [TAIPEI] TSMC, the world’s largest manufacturer of advanced AI chips, is expected to notch a fifth consecutive quarter of record earnings on Thursday (Jul 16), with a 59 per cent surge in net profit for April-June, driven by booming global demand for AI infrastructure. Analysts said demand for…
Read MoreShut out of China’s mega CXMT IPO, global investors hunt for creative backdoors
Many overseas investors are instead piling into brokers and even crypto derivatives tied to the blockbuster listing Published Thu, Jul 16, 2026 · 10:57 AM GLOBAL investors largely shut out of China’s biggest IPO in nearly four years are looking at creative proxy trades as a way to profit from the country’s fast-rising memory-chip leader. …
Read MoreSouth Korea to halt new listings of single-stock leveraged ETFs
The ban will remain until market conditions stabilise, says the Financial Services Commission on Jul 16 Published Thu, Jul 16, 2026 · 10:08 AM — Updated Thu, Jul 16, 2026 · 04:34 PM [HONG KONG] South Korea will temporarily halt new listings of single-stock leveraged exchange traded products to curb market volatility after a surge…
Read MoreBlackstone-backed AirTrunk eyes September, October launch for US$1.5 billion Singapore Reit IPO, sources tell Reuters
Published Thu, Jul 16, 2026 · 10:03 AM [SINGAPORE] Blackstone-backed AirTrunk is targeting a September or October launch for an initial public offering of a Singapore real estate investment trust that could raise about US$1.5 billion, two people with direct knowledge of the matter said. The data centre operator has filed confidentially for the listing…
Read MoreBank of Korea hikes rates for first time in 3½ years to combat inflation, won slump
Published Thu, Jul 16, 2026 · 09:28 AM [SEOUL] South Korea’s central bank raised its benchmark interest rate for the first time in three and a half years to 2.75 per cent on Thursday (Jul 16) as was widely expected to stabilise a slumping won and counter persistent inflationary pressure. The seven-member monetary policy board…
Read MoreBank of Korea hikes rates for first time in 3.5 years to curb inflation and won slump
It says the economic growth rate for South Korea is expected to ‘considerably exceed’ the bank’s May forecast of 2.6% Published Thu, Jul 16, 2026 · 09:28 AM — Updated Thu, Jul 16, 2026 · 04:47 PM [SEOUL] South Korea’s central bank raised its benchmark interest rate for the first time in 3.5 years on…
Read MoreUnited Airlines warns of nearly US$6 billion fuel hit as oil-price surge weighs on outlook
It priced Q2 adjusted earnings of US$1.99 per share, topping analysts’ estimate of US$1.88 Published Thu, Jul 16, 2026 · 09:11 AM [CHICAGO] United Airlines said on Wednesday (Jul 15) it expected nearly US$6 billion in additional fuel expense this year compared with what it estimated at the start of 2026, as a renewed surge in oil…
Read MoreSK Hynix falls 8.4% as Asian equities retreat on chip sell-off, revived AI trade concerns
Investors assess whether strong earnings can sustain the AI rally after sharp swings in semiconductor stocks Published Thu, Jul 16, 2026 · 08:57 AM — Updated Thu, Jul 16, 2026 · 11:16 AM ASIAN stocks declined on Thursday (Jul 16) as fresh selling in semiconductor stocks renewed concerns over the sustainability of the artificial intelligence…
Read MoreGold steadies as soft US inflation, Iran war risk cloud US Fed rate outlook
Trump has pledged to intensify the bombardment until Teheran stops attacking ships and opens Hormuz Published Thu, Jul 16, 2026 · 08:30 AM GOLD steadied, as traders weighed softer-than-expected inflation data against escalating attacks in the Middle East for clues to the US Federal Reserve’s interest-rate path. Bullion was near US$4,060 an ounce in early…
Read MoreGold steadies as soft US inflation, Iran war risks cloud US Fed rate outlook
Trump has pledged to intensify bombardment until Teheran stops attacking ships and opens Hormuz Published Thu, Jul 16, 2026 · 08:30 AM — Updated Thu, Jul 16, 2026 · 12:06 PM [SINGAPORE] Gold steadied, as traders weighed softer-than-expected inflation data against escalating attacks in the Middle East for clues to the US Federal Reserve’s interest…
Read MoreStocks to watch: SIA, Frasers Property, ComfortDelGro, Clar, Lum Chang Creations
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 16): Singapore Airlines (SIA) : The national carrier on Wednesday reported a combined 3.7 million passengers flew on SIA and Scoot in June, up 6.3 per cent on the year. Passenger traffic also rose 4.1 per cent year…
Read MoreUOBKH lifts Lum Chang Creations target price on mainboard transfer, order wins
[SINGAPORE] UOB Kay Hian (UOBKH) lifted its target price for Lum Chang Creations on Tuesday (Jul 14) on the back of its mainboard transfer and stronger order wins. The brokerage maintained its “buy” call with a S$0.51 target price, with its previous target price at S$0.39. Lum Chang Creations transferred to the mainboard on Thursday…
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