AGP Executive Report
Last update: 9 hours agoGovernance Shake-Up at WiseTech: Founder Richard White stepped down as independent chair, with Raelene Murphy taking over as the logistics software group responds to governance concerns and media scrutiny; White stays on as executive director and chief innovation officer. Korea Tech Selloff: Seoul shares slid nearly 5% as Samsung’s 19-fold profit jump failed to lift sentiment, reviving worries about whether the AI memory boom can last; SK hynix also fell ahead of its big Nasdaq listing. FX Market Reform: South Korea launched near-24-hour won-dollar trading; the first session stayed calm, but thinner overnight liquidity could raise volatility. Energy Trading Watch: Shell said stronger gas trading and refining margins should support Q2, though Qatar output disruption remains a drag. Oil Market Power Struggle: Gulf producers are racing to regain share after Hormuz disruption, intensifying competition as OPEC coordination faces fresh questions. Banking & Growth Finance: ADB approved a $40m loan to Bank Respublika to expand MSME lending across Azerbaijan’s regions. Commodities: ICE cotton rose on US weather concerns and grain strength; aluminium edged lower as traders weigh supply and macro signals. New Listings: Seemax Resources debuted with shares opening 20% below IPO price.
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