Hedge funds reduced exposure to tech stocks in Japan and Hong Kong last week, just ahead of a sharp decline in the Hang Seng and Nikkei indices, according to a Goldman Sachs client note. The move came as concerns over stretched tech valuations and a potential AI bubble intensified. 🔹 Key Flow Signals 🔹 Japan:...
ICICI Prudential Asset Management’s $1.2 billion IPO was fully subscribed by day two, underscoring strong institutional appetite for one of India’s largest and most established fund managers. The deal ranks as India’s fourth-largest IPO this year, keeping the country on track for a second consecutive year of record primary market fundraising. 🔹 Key Highlights 🔹...
Foreign investors turned cautious on Indian government bonds last week, posting their largest weekly selloff of index-linked debt in over six months, as expectations for near-term rate cuts faded, bond supply remained heavy, and the rupee weakened. According to clearing house data, foreign funds net sold ₹54.3B (~$600M) of index-linked bonds — the sharpest outflow...
Nomura Holdings is actively exploring private debt asset management acquisitions as it scales its alternatives platform, CEO Kentaro Okuda said, signaling the firm’s next phase of global expansion. With Japan emerging from deflation and interest rates rising, Nomura sees growing demand for direct lending and private credit—areas long dominated by banks domestically but mature overseas....
Strategy (formerly MicroStrategy) has retained its position in the Nasdaq 100, extending its year-long inclusion in the benchmark — even as analysts continue to question the sustainability of its bitcoin-heavy business model. Strategy pioneered the bitcoin treasury strategy in 2020, shifting from enterprise software into a buy-and-hold bitcoin model that has since inspired dozens of...
Chilean investors welcomed the election of Jose Antonio Kast as president, with markets rallying on expectations of more market-friendly and pro-investment policies. Kast secured a decisive runoff victory, beating leftist candidate Jeannette Jara by roughly 16 percentage points. He will assume office in March, succeeding President Gabriel Boric. 🔹 Market Reaction 🔹 Policy Expectations Kast...