Hidden Value Gems
An interesting piece on the reasons for huge valuation discounts of Korean companies (by Federated Hermes):

1⃣ "The high effective inheritance tax that applies in South Korea to large estates, which (after surcharges) can be as high as 60%." This forces controlling shareholders to extract value from companies in other ways.

1/5
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Hidden Value Gems
$BABA cutting cloud prices by 20%. This is the second cut in a year (the first one was 50%). I guess we can forget about Cloud profitability for a while now.

Apparently, Alibaba is still the market leader in China cloud, followed by Huawei and Tencent.
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4) Bitcoin ETFs Stir Market —

The arrival of Bitcoin ETFs on Wall Street shakes up the crypto market, possibly reshaping digital asset investment strategies. #BitcoinETF
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3) India's Chip Sector Boost —

India greenlights $15 billion investment for semiconductor manufacturing, marking a significant tech industry milestone. #Semiconductor
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2) Webull Goes Public —

Webull announces its entry into the public market with a massive $7.3 billion SPAC deal, signaling growth in the online trading sector. #Webull
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1) Kretinsky's New Atos Bid —

Czech billionaire Daniel Kretinsky considers a fresh takeover offer for French tech firm Atos, eyeing strategic expansion. #Atos
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Haleon reports accelerated revenue growth, defying market challenges and bolstering consumer health confidence. #HaleonGrowth
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3) China Cracks Down on High-Frequency Trading —

China tightens its grip on market fairness by punishing a hedge fund for high-frequency index futures trades. #ChinaHFT
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2) Sony-Zee Merger Plans Scrapped —

In a major industry twist, Sony withdraws from merger discussions with Zee, signaling shifts in media alliances. #SonyZee
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1) Morgan Stanley Faces SEC Fraud Charges —

SEC charges Morgan Stanley and ex-exec Pawan Passi with fraud in block trading, shaking trust in banking integrity. #MorganStanley
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Consumer groups accuse Meta of 'massive, illegal' data handling practices in the EU. #PrivacyConcerns
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Europe's car giants gear up for a high-voltage showdown with China's electric titan BYD. #ElectricVehicles
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