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Tradehaven

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Trivia & Markets & Singapore, Engaging the mind - Brain-Maxxing! Curated news channel and educating as we learn …. appreciating the absurdities of life and dedicated to making the markets and the world a better place for us … still unfinished business …

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频道帖子
Singapore private home prices rose for a seventh straight quarter, as the market remained resilient even as sales slowed https://www.bloomberg.com/news/articles/2026-07-24/singapore-home-prices-rise-for-seventh-quarter-rents-accelerate

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$JPY high 163.94
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没有文字...
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Ex-wife dumping shares this morning?
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The AI tech mogul dumped his wife for a younger woman a decade ago—before his company stock went through the roof. He’s now worth around $5 billion. His ex asked for half. https://www.wsj.com/world/asia/nvidia-sk-hynix-chips-ceo-chey-divorce-30016f65
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Trump imposes new 12.5% tariff on Singapore on alleged forced labour ban violation https://www.straitstimes.com/business/trump-imposes-new-12-5-tariff-on-singapore-on-alleged-forced-labour-ban-violation
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Japan’s Katayama Says to Take Bold FX Steps Decisively as Needed (Bloomberg) -- Japanese authorities will take bold steps to counter moves in the currency market decisively as needed, and a US Treasury report issued overnight underscores a shared view that excessive currency moves are undesirable, Finance Minister Satsuki Katayama said. “We’ll respond appropriately whenever necessary, and that means taking decisive action with determination” in the currency market, Katayama told reporters at a briefing Friday. Katayama noted that the US Treasury Department’s semiannual foreign-exchange report released Thursday makes reference to the points agreed upon in the joint statement issued by the Japanese and US finance ministers last September. “Naturally, the premise that excessive volatility is undesirable is fundamental to that agreement,” she said. “We maintain close, continuous consultation — 24 hours a day, 365 days a year — in line with that joint statement.” Declines in the yen over multiple years through April 2026 have “resulted in substantial yen undervaluation,” the Treasury report said. It said yen weakness has persisted despite a narrowing of US-Japan interest rate differentials, adding, “while global factors such as financial market volatility and oil prices have likely affected the yen, excess volatility in the yen is undesirable.” The Treasury said “monetary policy normalization would help anchor inflation expectations and reduce excessive exchange rate volatility.” Japan’s currency was trading around 163.83 per dollar Friday morning in Tokyo, not far from the 40-year low of 163.99 touched overnight. It’s dropped about 0.9% so far this week, putting it on course for its worst weekly performance since May, when it resumed weakening in the aftermath of Japan’s record intervention. Meanwhile, the dollar has climbed as escalating tensions in the Middle East spark concerns over energy supply disruptions and fuel expectations that the Federal Reserve will raise interest rates.
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Singapore’s GIC to Plow $30 Billion More Into Hedge Funds (Bloomberg) -- Singaporean sovereign wealth fund GIC Pte will deploy an extra $30 billion into hedge funds over the next three years, in one of the biggest injections of money into an already-booming industry. Group Chief Investment Officer Bryan Yeo said GIC has already tripled its hedge fund investments over the past decade, without elaborating on the amount. He identified global macro, quantitative and multi-strategy hedge funds as key areas of expansion for GIC, which Global SWF estimates manages about $936 billion in assets. The move will further cement GIC’s role as a power player in the hedge fund world. It was an early supporter of Bridgewater Associates and its founder Ray Dalio, and more recently pulled cash from Jain Global months before it agreed to manage money exclusively for Millennium Management. GIC has also invested in funds run by Citadel and Viking Global Investors. “We are happy to pay for performance fees if the fund manager can deliver us good returns,” Yeo said in an interview, acknowledging that several of the world’s best hedge funds are closed to new money. “We are able to work with them and leverage their skillset and expertise to launch new strategies as well as incubate them in order to grow.” GIC’s investment comes as the hedge fund sector enjoys a major resurgence. Investors added about $116 billion in net inflows last year, the most since 2007, according to data from Hedge Fund Research Inc. The industry returned 12.5% on average in 2025, the best performance in 16 years, HFR found. The firm’s stepped up hunt for hedge fund “alpha” — excess returns above a benchmark index — coincides with challenges in other investments. GIC on Friday reported its lowest five-year annualized return in more than a decade at 3.6% for the period ended March 31. Yeo said GIC intends to “meaningfully” increase investments in cross-asset strategies that cover traditional stocks and bonds as well as specialized sector-focused hedge funds. GIC doesn’t break out its hedge fund holdings, though Global SWF estimates about 1.5% of its assets were placed with these funds as of March 2025. One important reason for ramping up its hedge fund exposure is diversification, with so many areas of investments now closely linked to artificial intelligence, he said. “That AI risk factor has become a concentrated risk that many global investors face,” he said. “So hedge funds as an active strategy actually diversifies away from a single concentrated risk.” GIC joins other institutional investors adding to their hedge fund bets. Abu Dhabi Investment Council is considering building exposure worth $15 billion with global hedge funds, according to people familiar with the move.
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Fitch Ratings: The US credit outlook is increasingly dependent on confidence in AI investment.
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Iran has rejected a new ceasefire proposal from Trump that Iraqi Prime Minister al-Zaidi carried to Tehran — NYT
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5.75 Y +15 bps 10Y +25 bps 🙈🙈🙈🙈 https://www.investing.com/news/economy-news/malaysia-launches-15-billion-islamic-bond-in-dollar-market-93CH-4809712
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The Daily Morning Brew - The Cypherpunks Won.. https://caffeinatedcaptial.substack.com/p/the-daily-morning-brew-they-built
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The department's semiannual "Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States" showed the latest monitoring list comprising South Korea, China, Japan, Taiwan, Thailand, Singapore, Vietnam, Germany, Ireland and Switzerland. https://m-en.yna.co.kr/view/AEN20260724000751315
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Allianz to buy HSBC's Singapore insurance unit for S$2.9 billion https://www.businesstimes.com.sg/companies-markets/allianz-buy-hsbcs-singapore-insurance-unit-s2-9-billion
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Semi-liquid?!!#%^*
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Private Credit Ditches ‘Semi-Liquid’ Term After Redemption Wave https://www.bloomberg.com/news/articles/2026-07-23/private-credit-ditches-semi-liquid-term-after-redemption-wave
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GIC’s 20-year annualised real return falls to 3.4%, lowest in 6 years The sovereign wealth fund says it took less risk and prioritised resilience, in line with its long-term mandate. https://www.channelnewsasia.com/singapore/gic-reserves-returns-portfolio-ai-investing-6272926
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KOSPI -3.6% NIKKEI -2.4%
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KEY DATA 24-Jul AU/JP/IN/FR/GE/EC/UK/US Services PMI AU/JP/IN/FR/GE/EC/UK/US Composite PMI AU/JP/IN/FR/GE/EC/UK/US Manuf PMI JP CPI SI URA Property Index SI Industrial Production GE Consumer Confidence UK Retail Sales US New Home Sales AUCTIONS Bills JP 3M CENTRAL BANKS EC ECB Lane Speech
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BBG - Brent crude topped $100 a barrel, stoking inflation fears and driving Treasury yields to their highest levels of the year. The S&P 500 dropped 1.2%, the most in a month. The Nasdaq 100 fell 1.9%. The Magnificent Seven technology behemoths suffered their biggest one-day drop since the tariff tantrum in April 2025 on Thursday, with an index of the group falling 4.8% and wiping out $797 billion in market value. Despite solid results, Alphabet Inc. sank 6.9% after raising its capital spending forecast. Tesla Inc. tumbled 15% as its profit fell even after strong electric-vehicle deliveries. The dollar rose 0.3%. President Donald Trump threatened to step up attacks on Iran and said he’ll hold the country responsible for any further strikes by the Yemen-based Houthis on Red Sea ships. Trump told Axios he’s considering a “massive attack” and is “close to making a decision” on it, the news agency reported. WTI crude rose 5.5% to $91.59 a barrel. The yield on 10-year Treasuries advanced 4 bps to 4.70%. Bitcoin fell 1.5%. Spot gold fell 2%. Elsewhere, European Central Bank President Christine Lagarde laid the groundwork for a possible interest-rate increase in September after policymakers unanimously left the deposit rate at 2.25%. Lagarde’s comments added to a broader reassessment of the global interest-rate outlook. Markets now fully price in a Fed rate increase by September, with futures also implying better than a one-in-three chance of a move at the July 28-29 meeting, even though economists surveyed by Bloomberg expect policymakers to remain on hold this month. Intel Corp. surged 9% in late trading after the chipmaker’s revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround.
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