ALPHABET TAPS YEN MARKET FOR FIRST BOND SALE
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Alphabet Inc. is issuing yen bonds for the first time, tapping Japanese capital markets as the tech giant accelerates AI investments amid intensifying competition.
■ MORE FROM THE BIG TECH DESK
JPMorgan Chase lifted its bull case target for South Korea's Kospi index to 10,000, marking the second upgrade in under a month. The upgrade reflects optimism around semiconductor demand recovery.
South Korea and Taiwan's artificial intelligence-driven chip sectors are expanding trade surpluses, forcing their central banks to consider raising interest rates later this year, according to Goldman Sachs analysis.
A $3.5 billion multi-asset fund at Pictet Asset Management has increased equity exposure by moving up to 30% of its cash holdings into artificial intelligence stocks across Asia and the US.
Uber is intensifying efforts to expand beyond its core ride-sharing business, positioning itself as a data provider, investor, and distribution platform in the autonomous vehicle industry.