Business Views
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China’s bond rally has one collateral damage
A global selloff in government bonds is igniting concerns over higher mortgage repayments and corporate financing costs. While China is an outlier to this ... -
Why Oura and Whoop are bound for IPO glory
Smart money moves on so fast. The semiconductor stocks that ripped through the roof in the first half of the year are struggling to reclaim ... -
Hong Kong’s low-tax lure is getting a reality check
Hong Kong’s competitiveness as a financial center is about to be tested. The low-tax haven has two opposing forces transforming its $5.4 trillion asset ... -
South Korea is becoming uninvestable, too
South Korea is home to the world’s hottest — and most volatile — stock market this year. The Kospi’s near 40% tumble in just ... -
From “LOL” to “cooked,” it’s giving language barrier
Scroll through social media such as Facebook, TikTok, Instagram, or X long enough, and you’ll notice something interesting: Gen Z and Gen Alpha aren’t ... -
China’s cross-border crackdown smacks of Nasdaq envy
In a surprise move, China punished three brokerages for offering mainland investors access to overseas stocks without licenses, escalating efforts to control cross-border capital ... -
NACHO is on, but memory chipmakers’ rally isn’t over
The nothing-burger from the Xi–Trump summit underscored a new reality for global investors. The NACHO trade — “not a chance Hormuz opens” — is ... -
Citadel Securities is perfect for Asia’s Nasdaq chase
Investors in Asia have long traded US stocks, sometimes staying up until midnight to follow price movements in New York. But as chipmakers’ shares ... -
This chip supercycle has one collective blind spot
The chip industry seems to be the only game in town lately. The Philadelphia Semiconductor Index, known as the SOX, has risen 48% this ... -
The Iran war has fired up value investing. But what next?
The Iran war has created a reshuffle in investing. High-flying tech companies are out while unloved old economy names are getting a second look. ... -
The Iran war is reviving a popular trade in Japan
The Iran war is challenging Japan’s safe-haven assets, once again forcing domestic investors to seek better returns abroad. The yen slid past 160 per ... -
The Iran war is costing China dearly, too
To think about how the Iran war affects China, you might take a look at Yiwu, a global trading hub in the eastern Zhejiang ... -
Iran war is giving markets a Covid-like shock
As the Iran war drives oil prices towards $120 a barrel, a reckoning is finally coming for a reckless president and equally complacent financial ... -
Are Hong Kong IPO Bankers Gatekeepers, or Glorified Porters?
As Hong Kong’s public listings boom heats up, investors and regulators are asking whether the city’s investment bankers know what they are doing — ... -
Even In Warsh’s world, Bitcoin will be dumped for gold
The prospect of Kevin Warsh as the next chair of the Federal Reserve may have sapped the appetite of those trading on a sugar ... -
The debasement trade is a real worry for Scott Bessent
For some on Wall Street, the investing world is already moving toward a de-facto gold standard. Look no further than foreign official reserves. A ... -
Why global bond markets are more prone to flash crashes
It’s happening again. From Japan to the US, the world’s biggest government bond markets seem increasingly unstable, prone to flash crashes. On Tuesday, what ... -
An emerging markets supercycle has just begun
Are emerging markets just a one-trick pony? After a stellar 2025, risk-averse investors are getting cautious. After all, this asset class has been an ... -
Jane Street’s HK foray hits only a small snag
At first glance, China’s scrutiny of Jane Street Group and other foreign firms that participate in its exchange-traded fund market seems like a major ... -
Playing Venezuela’s bond game takes nerves of steel
It’s been eight years since Venezuela stopped paying its debt. But traders are making a wager that the ouster of Nicolas Maduro will deliver windfalls to ... -
Saks’ gung-ho lenders are caught in a wholesale trap
What’s the value of an iconic department store brand if the shelves are empty? Bond investors of Saks Global Enterprises, which has the glitzy ... -
Imagine OpenAI bonds and Labubu everywhere: Here’s to 2026
From an AI-fueled stock rally to China brushing off US tariff threats while posting a record trade surplus, 2025 delivered no shortage of economic ... -
iShowSpeed or Not, China Travel Is Cool Again
Live streamer iShowSpeed, who has more than 46 million followers on YouTube, made quite a stir earlier in the year visiting China. His fans watched as ... -
It’s better that China Vanke defaults now
Companies thrive and fail, and this is the natural evolution of business cycles. What’s unnatural, however, is a zombie firm that erodes investors’ interests ... -
Tech cowboys, slow your credit binge. But don’t stop.
With corporate bond spreads widening and Oracle Corp.’s credit default swap spiking to a multi-year high, Wall Street is getting worried that a flood ... -
How to rebalance your portfolio in a lofty market
If you’ve chosen a target asset allocation—the mix of stocks, bonds, and cash in your portfolio— you’re probably ahead of many investors. But unless ... -
Big tech’s creative financing is fooling no one
Ambition comes at a cost. As tech companies race to build out their AI infrastructure, those doing creative financing deals are being penalized by ... -
Does Mr. Big Short really get value investing… or AI?
Michael Burry, star of The Big Short, is too famous for his own good. News that his Scion Asset Management has decided to return ... -
Does the US now have a casino economy? Yes and no
There is a frenetic, sweaty-palm feel to the US economy lately. Markets are looking frothy and consumers are anxious, and meanwhile the gambling and ... -
The Nasdaq whale’s Nvidia sale smells desperate
Masayoshi Son, who runs the world’s biggest venture capital fund, is making waves again. His SoftBank Group Corp. has sold its entire stake in ... -
Vanke is reigniting the debate China wants to bury
China seems to find solutions to the world’s thorniest economic problems. Its exports juggernaut is marching on despite President Donald Trump’s tariffs. The domestic ... -
A great wealth transfer is happening in China
Have you and your relatives fought over ancestral homes and inheritance? I am raising an uncomfortable question, I know. China’s billionaire families have certainly ... -
Hong Kong universities are outshining Tsinghua
Hong Kong is quickly becoming a college town. The number of non-local students, mostly from China, has nearly doubled since 2021, with the surge ... -
SoftBank’s OpenAI ambition is too grand for banks
SoftBank Group Corp., the whale that has fattened the wallets of many wealthy Asians, is back to tease with high-yielding dollar bonds again. Founder ... -
The gilded age of private equity for the masses
For most people, it’s natural to assume that if something is exclusive to the wealthiest echelons of society, it must be better. Asset management ...
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