AGP Executive Report
Last update: 7 hours agoPhilippine Markets: GCash parent Mynt began trading on the Philippine Stock Exchange as President Ferdinand Marcos Jr. promised reforms to attract investors. A lower stock transaction tax is part of the push to boost market participation. AI and IPOs: South Korean AI and data-center firm Elice fell 32% on its debut, adding to doubts about heavy AI spending and returns. Jio Platforms, by contrast, drew about $25 billion in anchor-investor bids ahead of its IPO. Regional Risk: Saudi Arabia postponed its flagship Future Investment Initiative conference to 2027 amid Houthi attacks, underscoring rising security risks for investors. Economic Outlook: German investor sentiment weakened more than expected in October; ZEW said high energy costs are weighing on consumers and businesses, while the recovery remains fragile.
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