AGP Executive Report
Last update: 8 hours agoPhilippines Markets: Maynilad Water Services will join the PSEi from Aug 3, replacing Converge, after its post-IPO surge cleared market value and liquidity thresholds; Converge shifts to the MidCap index, while Philex Mining enters MidCap and Aboitiz Equity Ventures joins the Dividend Yield gauge. China Tech & IPO Buzz: ChangXin Memory Technologies (CXMT) made a blockbuster Shanghai debut, with shares jumping about 466% on day one and briefly lifting its valuation above $500 billion, intensifying focus on China’s memory-chip ambitions. AI Supply Chain: Nvidia is paying Amkor Technology $1.5 billion to expand advanced chip packaging in Arizona, aiming to diversify a process still dominated by Asia. APAC Economy Watch: The Bank of Japan is set to release its core inflation outlook, while markets also track South Korea’s consumer confidence data and Thailand’s holiday closures. Geopolitics & Energy: Oil slid as US-Iran tensions eased into talks, with markets watching shipping and Hormuz risk; European stocks were flat as tech weakness offset the oil-driven relief. Health & Tourism: Thailand is pushing wellness and longevity to become a major health economy by 2030, ahead of the Global Wellness Summit in Phuket. Business & Work: Singapore salary growth held at 3.9% as employers shift budgets toward critical roles.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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