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Inlaks CEO on how AI has created a new infrastructure economy in Africa●Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak●Shell, Phillips 66 reportedly weighing sale of Explorer pipeline stakes●Wall Street just suffered a historic crash in high-flying stocks. Here is why a quick tech rebound could be a trap.●Bitcoin ETFs on track for the smallest monthly inflows ever●South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament●‘Don’t get suckered like I did’: I paid $185 to the wrong passport website. Can I get my money back?●Why you shouldn’t worry about the stock market’s break below its 50-day moving average●Inlaks CEO on how AI has created a new infrastructure economy in Africa●Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak●Shell, Phillips 66 reportedly weighing sale of Explorer pipeline stakes●Wall Street just suffered a historic crash in high-flying stocks. Here is why a quick tech rebound could be a trap.●Bitcoin ETFs on track for the smallest monthly inflows ever●South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament●‘Don’t get suckered like I did’: I paid $185 to the wrong passport website. Can I get my money back?●Why you shouldn’t worry about the stock market’s break below its 50-day moving average●

Asia

US-listed Chinese stocks benefit as Fed policy haze drives rotation amid AI slump

Business - South China Morning Post · 1h ago · 🇨🇳 China

US-listed Chinese stocks benefit as Fed policy haze drives rotation amid AI slump

Chinese stocks trading overseas may emerge as a shelter for global investors, as confusion over the Federal Reserve’s monetary path drives diversification away from US equities and bonds amid a stumbling artificial intelligence trade. The Nasdaq Golden Dragon China Index of the biggest Chinese companies listed in the US has bucked a broader sell-off since the Fed’s July rate-decision meeting, rising 1.7 per cent. The Nasdaq-100 slumped 2.1 per cent and longer-dated Treasuries also fell during...

Read the full story at Business - South China Morning Post →

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