Rising global tensions are pushing investors to look beyond American software and fund the massive hardware and energy systems needed to keep the technology boom alive.
Key Asian wealth hubs are shut out of the historic SpaceX IPO and top AI models, forcing them to lean on local hardware proxies as an alternative route to join the boom.
Blockbuster IPOs and a Middle East energy shock are driving investors to take profits and reallocate capital from the region’s highly concentrated tech giants.
The $630-billion manager is shunning the industry-wide push into private assets to focus on public market income, driving an eightfold surge in its flagship equity fund.
The surge in fee income from wealth management helps the regional lender offset a decline in net interest income amid lower rates and currency volatility.
BlackRock is deploying artificial intelligence to scan for alpha in Southeast Asia as the firm joins a Singapore-backed initiative to boost regional equity market liquidity.