Category: Markets

Alibaba and Baidu shares jumped in Hong Kong after China’s regulator approved Apple Intelligence and Apple confirmed Qwen and Baidu integrations for device AI features.

Bank of Korea raised its policy rate 25bps to 2.75% as June inflation hit 3.2%, flagging exchange-rate and wage risks amid strong growth and Kospi volatility.

SK Hynix plunged 11% as Asian semiconductor shares fell after U.S. chip losses. Analysts say profit-taking and crowded AI trades drove the rout, not broken fundamentals.

Former Fed adviser John H. Rogers was sentenced to 39 months for lying about sharing restricted Federal Reserve materials with an alleged Chinese intelligence operative.