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Tickmill Group economist Patrick Munnelly says Asian equities are undergoing fund rotation out of tech. SK Hynix shares fell 9.6% despite strong results, dragging the KOSPI down 6.0%. Taiwan and Japan, both with larger semiconductor exposure, fell 3.

2026-07-29

Tickmill Group economist Patrick Munnelly says Asian equities are undergoing fund rotation out of tech. SK Hynix shares fell 9.6% despite strong results, dragging the KOSPI down 6.0%. Taiwan and Japan, both with larger semiconductor exposure, fell 3.8% and 1.5% respectively. Leadership has shifted toward consumer discretionary, financials and energy; chipmakers have gone from market darlings to volatility transmitters over the past month. The AI narrative remains, but market tolerance for disappointing news has collapsed.

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2026-07-29

Malaysia's deputy finance minister said authorities would consider reintroducing a consumption tax if median monthly wages reach 4,000 Ringgit.

Malaysia's deputy finance minister said authorities would consider reintroducing a consumption tax if median monthly wages reach 4,000 Ringgit.
2026-07-29

Iran's Deputy Foreign Minister: The United States' formation of a committee composed of the United States, Israel, and Lebanon violates the memorandum of understanding.

Iran's Deputy Foreign Minister: The United States' formation of a committee composed of the United States, Israel, and Lebanon violates the memorandum of understanding.
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