I guess this is the end, friends
🎶 We'll meet again
Don't know where
Don't know when
But I know we'll meet again some sunny day
Keep smiling through
Just like you
Always do
@gregorhunter@mastodon.online 🎶
Activist investor Flashlight Capital has targeted Samsung unit S1 Corp after a lengthy bout of underperformance in its share price, in a test of Korea's corporate governance reforms reuters.com/world/activist-f…
NEW: SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk's rocket company that are likely to benefit from the blockbuster deal. reuters.com/legal/transactio… by me, @summerzhenhk and Sam Shen
NEW: How a handful of AI stocks - Taiwan's TMSC and South Korea's Samsung and SK Hynix - have warped Asian markets this year reuters.com/business/finance… by me and Ankur Bannerjee
Many people still do not seem to realise that AI is an extremely dangerous tool to use in situations where its output cannot be easily verified, the results matter, and credibility is at stake. Like fact-checking journalism in the New York Times nytimes.com/2026/04/14/world…
ALT Editors’ Note: May 1, 2026
This article was updated after The Times learned that a remark attributed to Pierre Poilievre, the Conservative leader, was in fact an A.I.-generated summary of his views about Canadian politics that A.I. rendered as a quotation. The reporter should have checked the accuracy of what the A.I. tool returned. The article now accurately quotes from a speech delivered by Mr. Poilievre in April. He said, “My personal opinion is that when a member of Parliament goes back on the word they made to their constituents and switches parties, constituents should be able to petition to throw them out and have a byelection. That would put the people back in charge of our democracy rather than having dirty backroom Liberal deals by Mark Carney determine our destiny.” He did not refer to politicians who changed allegiances as turncoats in that speech.
ALT A Trump Truth Social post, reading: "If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far. Additionally, we will take out easily destroyable targets that will make it virtually impossible for Iran to ever be built back, as a Nation, again — Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen! This is a gift from the United States of America to China, and all of those Nations that heavily use the Hormuz Strait. Hopefully, it is a gesture that will be greatly appreciated. Thank you for your attention to this matter! President DONALD J. TRUMP"
Asian investors’ appetite for buying any and all dips is stronger than ever. And stocks have gone up relentlessly for years. But as traders load up on margin, could this time be different? reuters.com/business/retail-…
No one:
Nobody:
Not a soul:
Me: Hong Kong's base money is HK$2.06tn, equal to US$263.7bn, and HKMA's foreign currency reserves are US$429.4bn, indicating a coverage ratio of 1.628 in constant currency terms. So long as it's above 1:1 there's no reason to worry about the HKD peg.
What's also interesting in looking at the Debt Service Ratio, alongside the more positive take on the U.S. deficit, is that Germany and the U.K. are in even better health. Data here: bis.org/publ/work1235.htm
And while that might be counterintuitive, the biggest winners in the U.S. economy, outside of the AI boom, are arguably those industries supported by government largesse.