AI & Markets: BlackRock says India is “over-punished” for lacking a direct AI play and for oil-linked risks, arguing the medium- to long-term investment case still holds even as foreign outflows and macro pressure bite. AI Capex Boom: PIMCO warns AI, defense and energy security spending could add up to $14T in global capital spending over five years, but gains will be uneven across countries and sectors. Private Wealth Shift: Singapore’s private wealth managers are getting more selective on software exposure as generative AI reshapes the model, with volatility in software ETFs reflecting positioning as much as fundamentals. Korea Investment Push: Korea secured $165M in European FDI and signed a digital trade deal with the EU, while SK Group plans an AI “factory” in Japan, raising questions about alignment with Korea’s regional investment goals. Regulation & Investor Protection: South Korea’s FSS warned brokers against promoting high-risk, concentrated overseas investments and return-only marketing. Investor Sentiment & Flows: Emerging markets saw $27B net outflows from stocks and bonds in May, led by equity selling. IPO Watch (SpaceX): Social chatter is split ahead of SpaceX’s listing, with financial news and X more bullish than Reddit. Policy for Capital: Bangladesh’s budget is set to revive investment with tax and regulatory changes as credit growth hits a record low. Global Dealmaking: TDK agreed to buy Fabric8Labs for up to $400M to expand data-centre tech. Local/Infrastructure: Heathrow hit back at regulator spending cuts, warning they could weaken UK competitiveness.