Sterling modestly trimmed losses after John Healey was appointed UK chancellor; GBP/USD down 0.18% at 1.3429.

AI-driven trading has disrupted Asian equities in recent months, while Australia has shown relative resilience. The S&P/ASX 200 is set to outperform the MSCI Asia Pacific index for a second consecutive month, the longest streak since November 2024. Australia's limited exposure to chipmakers—once a drag during the AI rally—has insulated it as semiconductor stocks fall in Korea and Japan. The move highlights rising investor caution toward crowded AI trades and a rotation of flows into other markets.

傑富瑞：將IBM(IBM.N)目標價從320美元下調至260美元。