D-St gets sweet moment as sugar stocks surge 11%
We haven't written up this one. The Economic Times has the full story — the link below goes straight to it.
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Australia, NZ dollars hold near multi-month highs, resistance looms large
SYDNEY: The Australian and New Zealand dollars held near 2-1/2-month highs on Monday, riding on greenback debt woe, though both are approaching key chart levels that could test the rally.
Exporters' Dollar Selling Surges 71%, Boosting Won
The amount of dollars sold by South Korean nonfinancial private companies in the foreign exchange market surged more than 70% in the second quarter from a year earlier, as the government encouraged…
- South Korean exporters sold $263.59 billion in dollars in Q2, a 71.5% increase.
- Strong semiconductor and key product exports drove the surge in dollar sales.
- The won weakened to below 1,500 won, its strongest level since Sept 2022.
Yuan eases from 3-1/2-year peak as PBOC tempers appreciation pace
HONG KONG: China’s yuan weakened slightly from its 3-1/2-year peak against the US dollar on Monday , as the central bank guided the currency lower despite broad weakness in the greenback following…
China, Hong Kong stocks slip as Alibaba sinks on share sale
HONG KONG: China and Hong Kong shares weakened on Monday as a surprise share placement by tech major Alibaba rekindled concerns about AI spending.
Banks, regulators join quantum-resistant crypto transfer pilot
Participating banks will test post-quantum wallets and onchain transfers while regulators from Abu Dhabi, Bhutan and Malta initially observe.