Shares in Asian chip firms plunge further as AI sell-off continues
Drop comes after South Korean company SK Hynix’s results undershot investors’ expectations
· Joanna Partridge
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Newest first · UTC+11:00Down to business: Carroll leaves door open to WFH changes
Victorian business chiefs are urging new Premier Ben Carroll to scrap Labor’s work-from-home laws to deliver on his pledge to partner more closely with the private sector.
· Angus Delaney, Kieran Rooney, Caroline Schelle, Henrietta Cook
South Korean stocks plunge, erasing AI rally gains as chip selloff deepens
Stock in SK Hynix dropped on July 29 despite the South Korean company announcing robust earnings earlier in the day. © Reuters
· JADA NAGUMO
FACT CHECK: Spliced video misrepresents Chel Diokno statement on VP Sara’s financial records
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· sdu0346
Israel's quantum leap: Building a national hub for the next tech revolution - interview
The next great technological revolution may emerge from a web of processors, algorithms and controllers, each built by different companies and tested together for the first time. For Israel, that is the premise behind a proposed national quantum-computing research and development center - and the reason Israel Innov…
· FELICE FRIEDSON/THE MEDIA LINE
Advanced technologies now account for 1 in 6 valid invention patents in China
Hi-tech manufacturing and digital industries such as AI have emerged as key drivers of economic growth
· Xinyi Wu
Advanced technologies now account for 1 in 6 valid invention patents in China
Hi-tech manufacturing and digital industries such as AI have emerged as key drivers of economic growth
· Xinyi Wu
Lenovo Capital takes aim at robotics, coding agents in ‘sniper’ AI investment strategy
Chinese firm makes long-term bets on 100 artificial intelligence companies, from chip and hardware manufacturers to models and applications
· Ben Jiang
Lenovo Capital takes aim at robotics, coding agents in ‘sniper’ AI investment strategy
Chinese firm makes long-term bets on 100 artificial intelligence companies, from chip and hardware manufacturers to models and applications
· Ben Jiang
Treasury yields rise as Wall Street awaits Fed interest rate decision
U.S. Treasury yields rose Wednesday, with oil prices jumping ahead of the Federal Reserve's interest rate decision and subsequent press conference with chair Kevin Warsh.
· Sarah Min, Joseph Wilkins
Struggling live music venues say nightlife plan will deliver big wins
Liquor licensing discounts and incentives for local artists, proposed in reforms to Brisbane’s nightlife economy, could prevent dozens of small live music venues from closing, operators and stakeholders say, as many still struggle to recover from the pandemic.
· Courtney Kruk, Julius Dennis
(LEAD) Samsung C&T Q2 net profit jumps 73.9 pct on diversified business portfolio
(ATTN: RECASTS headline, lead; ADDS more info, photo)
· Kim Han-joo
Investors gave Capital Guard $17 million for a bond scheme that didn't exist
Topic:Scams and Fraud
· Fiona Willan
Hong Kong coach accused of slapping boy, 8, forcing him to stand in blazing sun
Zhao Yiqun, 51, faces two counts of child abuse for causing the child unnecessary suffering or injury at training camp for children
· Fiona Chow
Hong Kong coach accused of slapping boy, 8, forcing him to stand in blazing sun
Zhao Yiqun, 51, faces two counts of child abuse for causing the child unnecessary suffering or injury at training camp for children
· Fiona Chow
Taiwan to stop buying PNG gas on spot market over 'One China' spat
Topic:Foreign Affairs
· Marian Faa
Singapore signals housing market stability by scrapping 15-month HDB wait
Private home owners can now buy public resale flats without delay, aimed at boosting a sluggish market after months of slow growth
· Jean Iau
Singapore signals housing market stability by scrapping 15-month HDB wait
Private home owners can now buy public resale flats without delay, aimed at boosting a sluggish market after months of slow growth
· Jean Iau
Minister apologizes as Korean leveraged ETF investors nurse heavy losses amid chip stock rout
South Korea's finance minister apologized on Wednesday after retail investors racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year.
· Mike Sheen
China’s ATRenew has big plans for Hong Kong’s little-known phone trading hub
New York-listed firm aims to modernise the city’s opaque wholesale market, which sits at the centre of a vast global network for used devices
· Peggy Ye
China’s ATRenew has big plans for Hong Kong’s little-known phone trading hub
New York-listed firm aims to modernise the city’s opaque wholesale market, which sits at the centre of a vast global network for used devices
· Peggy Ye
CNBC Daily Open: Banking beats, SK Hynix sinks and surprise attack rattles oil
Hello, this is Leonie Kidd coming to you from London.
· Leonie Kidd
Chinese major tips $2.2M into Golden Dragon gold play
Golden Dragon Mining has secured a hefty $2.2 million cornerstone investment from a subsidiary of Shanghai-listed heavyweight Chengtun Mining Group at a stunning 17.65 per cent premium to its previously traded price.
· Murray Ward
Erdogan’s rivalry with Israel has a new front: Africa - opinion
There is a temptation to read a deepening Turkey-South Africa relationship as a story about trade diversification and multipolar hedging – two “middle powers” finding common cause in a post-Western world.
· SINAN CIDDI
Hong Kong independent bookstores to close after police raid
Hong Kong – A Hong Kong bookshop raided by national security police this month announced on Wednesday that it would close after 50 years in business, while another shut down ahead of schedule.
· No Author
Interest rate hike less likely after inflation ease
Products & ServicesOpen Products & Services section
India's central bank support gives rupee respite, but oil risks loom
In June, India's central bank announced a host of measures to help strengthen the rupee, including hedging incentives for banks to attract more foreign currency deposits from nonresident Indians. © Reuters
· SOUMYAJIT SAHA
NT Aboriginal groups accuse CLP of 'weaponising' Closing the Gap funding
Topic:Indigenous Policy
· Jacqueline Breen
Leveraged ETF reversal tests Korea’s regulatory credibility
Analysts see little systemic risk but warn policy shifts could hinder market re-rating
· Choi Ji-won
Oil prices surge after Iranian missile attack on US forces and Saudi strikes on Iraq | The National
Oil prices jumped as much as 5 per cent after Iran launched surprise missile attacks on US military assets and Saudi Arabia struck Iraqi militia targets.
· Sarmad Khan
China’s Pop Mart opens new store in Singapore’s Sentosa amid slowing domestic sales
Popular toymaker targets global expansion and revenue diversification, looking beyond just collectibles
· Zhu Wenqian
China’s Pop Mart opens new store in Singapore’s Sentosa amid slowing domestic sales
Popular toymaker targets global expansion and revenue diversification, looking beyond just collectibles
· Zhu Wenqian
Kumamoto quake prompts preparedness review, no South Korean casualties reported
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
How leveraged chip ETFs magnified Korea’s market swings
16 funds launched at market’s peak, amplifying moves in Samsung Electronics, SK hynix and Kospi
· Im Eun-byel
CJ CheilJedang eyes sale of starch-sweetener business
CJ CheilJedang is reportedly weighing a sale of its starch-based sweetener business, the latest step in a broader effort to divest low-growth operations since overhauling its corporate structure earlier this month.
· No Kyung-min
Mom’s Touch picks Singapore as gateway to halal market
Korean burger chain Mom’s Touch said Wednesday it is entering Singapore through a master franchise agreement with FairPrice Group, the country’s largest retailer, as it seeks a springboard into Southeast Asia and the global halal market.
· Lee Han-gyoul
Austrian bell foundry using modern technology to keep casting process alive
Founded more than 400 years ago, the Grassmayr bell foundry (Bell Foundry Grassmayr) in Innsbruck has survived wars, famines and recent economic challenges (AP video shot by Philipp Jenne).
· Philipp Jenne
Posco advances rare earth supply deal in Brazil
Posco International is expanding into Brazil's rare earth market, partnering with a mineral exploration company to secure and diversify its critical minerals supply chain, the company said Wednesday.
· No Kyung-min
Kumamoto quake disrupts TSMC, Toyota operations in southern Japan
A man and woman examine a damaged building in Yatsushiro, Kumamoto prefecture, on July 29 as a Self-Defense Force member looks on. (Photo by Yo Inoue)
· YURIKA YONEDA
Twins plan revealed with ‘clear focus’ in trade deadline-shifting stance
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· Christian Arnold
China puts the ‘squeeze’ on Taiwan with new maritime patrols
Taipei, Taiwan – China’s coastguard and civilian fleet are expanding their presence in the waters east of Taiwan, raising fears that Beijing may be rehearsing a containment strategy that would cut off the self-ruled island from outside trade and assistance.
· Erin Hale
Inflation softer than expected in June but still 'uncomfortably high'
Wed 29 Jul 2026 at 3:17pm
· Gareth Hutchens
Philippine Airlines welcomes 3rd Airbus A350-1000 aircraft
MANILA, Philippines — Philippine Airlines said that it welcomed on Wednesday, its third of nine of Airbus A350-1000 aircraft which was ordered back in 2023.
· Ed Paolo Salting
China's BAIC Motor flags loss as Mercedes-Benz joint venture skids
Employees work at a factory of Beijing Benz Automotive Co. (BBAC), a joint venture between BAIC Motor and Mercedes-Benz, in the Chinese capital in 2022. © Reuters
· Staff Writer
BTS' concerts have been so successful, it's now bad for its own agency Hybe's shares
Despite the success of BTS powering South Korea's largest K-pop agency Hybe to a stellar set of second quarter results, the agency saw as much as 2.845 trillion won ($1.96 billion) wiped from its market cap in less than 24 hours.
· Lim Hui Jie
Ships stuck in strait of Hormuz pose ‘super-spreader’ biodiversity threat, scientists warn
Biologists say cargo ships stranded in Gulf may carry highly potent invasive species around the world as trade resumes
· Matthew Pearce
World Cup for sale: What is Fifa's plan, reaction and what happens next? | The National
Fifa stunned world football on Tuesday night when it announced bombshell plans to seek private investment in the World Cup and its other tournaments.
· Andy Lewis
One Nation asked to submit three years of missing financial statements
Topic:Government and Politics
· Liam Walsh
Check your offset account: Are the banks returning to bastardry?
July 29, 2026 — 2:56pm
· Elizabeth Knight
Aldar’s second-quarter profit rises 10% on revenue boost from property sales | The National
Aldar Properties, Abu Dhabi's biggest listed developer, reported a 10 per cent annual jump in its second-quarter profit as revenue rose 5 per cent during the period despite Iran-war-driven uncertainty.
· Fareed Rahman