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UBS Asia Pacific Co-President of Global Wealth Management Iqbal Khan speaks to Bloomberg's Stephen Engle as the UBS Asian Investment Conference kicks off in Hong Kong. (Source: Bloomberg)
Source
Bloomberg Markets
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Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.
Asia-Pacific markets rose on Wednesday, with Japan and South Korea's benchmark indices hitting new highs
SQM reported a sharp increase in first-quarter profit and raised its lithium sales forecast, betting that robust demand from battery storage systems will keep the market tightly supplied.
Another tanker carrying liquefied natural gas from Abu Dhabi National Oil Co. has exited the Strait of Hormuz, adding to a recent uptick in energy flows through the vital waterway.
