News
Tech rebounds in US while Asia stays cautious
US tech stocks rallied, with the Nasdaq up over 1% and Nvidia adding 1.4% and Tesla 3.8%, while Asian markets lagged as the Kospi fell 4% and the Nikkei dropped 1.6%. Nvidia announced a near‑$10 billion AI investment plan in Europe, backing four German startups, highlighted at the Invest in Germany Summit. Venture capitalist Jenny Lee noted Asian firms are accelerating IPO timelines, with companies preparing to go public in four to five years instead of eight to ten. India’s Jio Platforms IPO attracted over‑30‑times oversubscription, aiming to raise up to 302 billion rupees. Singapore’s senior minister warned agricultural firms over haze, pushing shares lower.