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Finance & Markets

Chinese Chipmaker Longsys Seeks $800 Million in HK Listing

Shenzhen Longsys Electronics Co. is seeking to raise as much as HK$6.28 billion ($801 million) in a Hong Kong listing, extending the wave of Chinese companies along the artificial intelligence supply chain coming to the market after its onshore shares have gained about 50% this year.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Rising Fed hike bets pressure Indian rupee, oil worries linger

MUMBAI: The Indian rupee is expected to open weaker on Monday after investors stepped up bets on a Federal Reserve rate hike at the next policy meeting following hawkish comments by Fed Chair Kevin Warsh. The Indian rupee is expected to open in the 95.55-95.60 range, per traders, having settled at 95.3775 to the dollar on Friday.

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