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Asian shares showed mixed results as markets awaited U.S. personal spending data. Japan's core inflation rose to 2.7% year-on-year, prompting the dollar to strengthen against the yen. Meanwhile, U.S. Treasury yields fluctuated amid mixed economic reports, with the S&P 500 still on track for a strong year despite recent market struggles.
Micron Technology, Inc. focuses on designing, manufacturing, and marketing semiconductors, including dynamic and flash memory products. Its sales are primarily driven by IT infrastructure (36.7%), mobile devices (23.4%), and storage media (16.4%), with a global presence across 11 production sites. The company generates 50.2% of its sales in the United States, followed by Taiwan (17.4%) and China (14%).
Micron Technology, Inc. focuses on semiconductor development, manufacturing, and marketing, with a diverse product range including dynamic and flash memory. As of August 31, 2023, net sales are primarily driven by IT infrastructure (36.7%) and mobile devices (23.4%), with significant geographic distribution in the U.S. (50.2%) and Taiwan (17.4%). The company operates 11 production sites globally.
Asian indices are set for a mixed open following a hawkish Federal Reserve outlook, with the Nikkei 225 up 0.32% while the ASX 200 and KOSPI decline by 1.12% and 1.28%, respectively. Key economic data, including China's loan prime rate decision and upcoming U.S. core PCE price data, will be closely monitored as they may influence market sentiment and Treasury yields. The ASX 200 is testing support levels, while the Singapore Blue Chip index shows signs of bearish divergence, and the China A50 remains range-bound amid policy uncertainty.
IG
Carlo Agostinelli has departed from Ghisallo Capital Management in Hong Kong after just over a year, following his role as a managing director and responsible officer for the firm's regulatory license. Previously co-head of UBS Group AG’s Asia equity capital markets syndicate, Agostinelli joined Ghisallo in October 2023 as the firm expanded its presence in a challenging financial landscape. Ghisallo, which oversees $3.4 billion, has recently attracted talent from major banks amid a shifting market environment.
Carlo Agostinelli has departed from Ghisallo Capital Management in Hong Kong after just over a year, following the loss of his regulatory license. Previously co-head of UBS Group AG’s Asia equity capital markets syndicate, he joined Ghisallo as it sought to expand in a challenging financial environment. The firm, which manages $3.4 billion, has recently seen new entrants in the market amid ongoing changes in the region's financial landscape.
Binance Coin (BNB), the native cryptocurrency of the Binance ecosystem, has evolved from a simple discount token to a versatile asset supporting the BNB Chain and various decentralized projects. Launched in 2017, BNB has a deflationary model with a quarterly token burn mechanism aimed at reducing its total supply to 100 million tokens. The BNB Chain, formed by merging Binance Chain and Binance Smart Chain, offers fast transactions and low costs, making it a robust platform for developers and users in the decentralized web.
The second Trump presidency is expected to shift regulatory focus towards growth and innovation in banking, with changes in leadership at key financial agencies. Anticipated reforms may ease capital standards and facilitate fintech and cryptocurrency activities, while tax reform will likely prioritize the renewal of provisions from the 2017 Tax Cuts and Jobs Act. Additionally, the SEC is poised for a change in enforcement and rulemaking, particularly regarding climate disclosure rules, as the new administration may seek to repeal recent mandates and adjust the agency's focus on capital formation.
The Global Uveitis Treatment market is projected to grow from USD 725 million in 2024 to USD 1.28 billion by 2032, with a CAGR of 8.5%. The study covers various treatment types, including corticosteroids and biologic agents, and offers customization options for regional and application-specific analysis. Key players include Novartis, Pfizer, and AbbVie, with North America leading the market and Asia-Pacific identified as the fastest-growing region.
Binance's liquid staking token, BNSOL, has surpassed $1 billion in Total Value Locked (TVL) within three months of its launch, solidifying its position as the largest exchange-backed SOL liquid staking token. The token's success is attributed to strategic integrations with over 20 Web3 projects, low fees, and attractive APR promotions, enhancing its utility in the DeFi ecosystem. As Solana's ecosystem expands, Binance plans to further capitalize on BNSOL's growth with additional airdrops and protocol integrations, aiming to create new use cases for liquid staking tokens by 2025.
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