The global tech stock boom and artificial intelligence rally are heavily supported by the yen carry trade, posing severe collapse risks if the weak Japanese currency shifts or interest rates rise.
Bitcoin broke its $60,000-$65,000 range, rising to $66,200 after a $1.2 billion options expiry. Analysis suggests the surge was driven by renewed demand from US spot Bitcoin ETFs and large "whale" accumulation, rather than the options expiry itself.
BIS warns shadow banking's lack of oversight may lead to rapid financial downturn due to interconnected vulnerabilities, citing potential for faster correction than previous banking crises.
Hong Kong and Shenzhen will pilot new measures this year to ease cross-border flows of data, materials, and capital within the Northern Metropolis development, focusing on the Hetao Science and Technology Innovation Co-operation Zone. The initiative aims to foster collaboration and support Hong Kong's ambition to become an international I&T hub.
Hong Kong and Shenzhen will launch pilot initiatives this year to ease cross-border flows of data, materials, and capital within the Northern Metropolis development. The measures aim to foster collaboration and support Hong Kong's ambition to become an international I&T hub.
SpaceX's anticipated IPO is poised to accelerate and reshape the IPO plans of China's commercial space companies, as the US firm leads in reusable rocket technology, a key strategic battleground between the two nations.
SpaceX's potential $75 billion IPO on Nasdaq could be the largest ever, surpassing Saudi Aramco. With massive investor interest and a significant retail allocation, the listing is expected to reshape tech valuations and global capital flows.
SpaceX's historic IPO is impacting global investment, particularly in China and Hong Kong. The event also underscores the maturation of the space-insurance market, which provides crucial financial protection for the booming commercial space sector.
SpaceX's upcoming IPO, anticipated to raise a record US$75 billion, is set to reshape global capital markets, influencing Chinese investors and the Hong Kong market.
Mainland Chinese investors are experiencing FOMO over SpaceX's IPO, seeking exposure via offshore accounts and proxy stocks as direct participation is barred due to regulatory concerns. The company is targeting a $1.8 trillion valuation.
Investors back a model that moves insurance risk and capital flows onto blockchain rails, as onchain reinsurance looks to attract institutional participation.
The traditional Bitcoin playbook — that expanding global M2 drives capital into risk assets with crypto capturing disproportionate share — has broken down. While March 2026 US M2 printed at $22.7 trillion (up 4.6% YoY), Bitcoin failed to hold $76,000 as the transmission mechanism shifted from Fed balance sheet expansion to Treasury issuance, reserve management, and cash balance dynamics. Real Vision's Jamie Coutts argues the $60,000 zone represents a value floor, with the bull case requiring inflation cooling, Treasury cash declining, and reserves rebuilding. The bear case sees debt issuance overwhelming liquidity growth, forcing Bitcoin to trade as high-beta risk exposed to funding conditions.
India's stock market valuations are attractive but face a structural challenge from the global AI narrative pulling foreign capital away from emerging markets, according to Manish Gunwani, CIO at Bandhan AMC. While valuations of private banks and other stocks have derated and look reasonable, India lacks large AI companies to attract global capital. Gunwani prefers manufacturing exporters including pharmaceuticals, capital goods, and chemicals, along with smallcaps over largecaps for the next three to five years. He sees IT sector facing long-term structural decline and identifies two triggers that could bring foreign investors back: either the AI theme slows or India delivers significant structural reforms.
