AI Bias Analysis
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Mubadala Investment Co., Abu Dhabi’s sovereign wealth fund, is seeking to raise $1.91 billion from an unregistered block sale of GlobalFoundries Inc. shares, according to people familiar with the matter.
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.
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)
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.
