Innovent Biologics announced its New Drug Application for IBI343 (arcotatug tavatecan) has been accepted by China's NMPA. This drug is the world's first CLDN18.2 ADC and met its primary endpoint in a Phase 3 study for advanced gastric cancer.
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Developments (3)
· PRN | All News Releases via PiQSuite
China's NMPA has approved Lupeng Pharmaceutical's rocbrutinib, a fourth-generation BTK inhibitor, for adult patients with relapsed or refractory mantle cell lymphoma.
· PRN | All News Releases via PiQSuite
This article is about Innovent Biologics' CLDN18.2 ADC, not Lupeng Pharmaceutical's rocbrutinib.
· PRN | All News Releases via PiQSuite
This article reports on Kexing Biopharm's GB10 Phase I trial, unrelated to Innovent Biologics' IBI343 NDA.
Tata Consultancy Services (TCS) shares dropped over 9% on Wednesday, marking the worst single-day performance since the March 2020 COVID-19 market crash. Technical analysts warn of further declines if the stock falls below Rs 2,200, citing concerns over AI and weak growth.
North Korean leader Kim Jong Un visited a nuclear material production facility, stating its capacity has more than doubled in five years. He called for an exponential expansion of the nuclear arsenal due to worsening security threats.
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Developments (6)
· South China Morning Post via PiQSuite
Kim Jong-un met the Naegohyang Women's FC team in Pyongyang after their historic AFC Women's Champions League title win.
· NDTV via PiQSuite
A video shows Kim Jong Un smiling while celebrating with the Naegohyang Women's FC football team.
· NDTV via PiQSuite
New article shows Kim Jong Un celebrating with the Naegohyang Women's FC football team.
· Daily Mail via PiQSuite
The new article adds details about Kim Jong-un's emotional celebration with the winning team.
· Reuters via PiQSuite
Kim Jong Un inspected a new nuclear material production facility and called for further expansion of North Korea's nuclear capabilities.
· Reuters via PiQSuite
Kim Jong Un called for "exponential" nuclear expansion, citing worsening security threats and a new long-term plan.
The Indonesian rupiah breached the 18,000 per dollar level, and stocks fell to a near six-year low amid policy uncertainty and macro headwinds.
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Developments (4)
· Bloomberg | Markets via PiQSuite
Indonesian stocks fell to a five-year low and the rupiah hit a record low due to investor concerns about high oil prices impacting the country's finances.
· Bloomberg | Markets via PiQSuite
Article restates that Indonesian stocks hit a five-year low and the rupiah a record low, highlighting economic challenges.
· Bloomberg | Markets via PiQSuite
The rupiah is nearing a significant psychological threshold, prompting anticipation of a more robust central bank intervention.
· Bloomberg | Markets via PiQSuite
The rupiah has now reached the 18,000 level against the dollar, with markets anticipating central bank intervention.
Indonesian authorities arrested Dadan Hindayana, former chief of the National Nutrition Agency, and two other former officials over alleged corruption in President Prabowo Subianto's free meals program. The arrests are linked to self-enrichment and inflated procurement costs, with the program facing scrutiny over food poisoning incidents and fiscal impact.
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Developments (5)
· BBC via PiQSuite
Indonesia's free school meals program, a key initiative of Prabowo's government, has caused illness in tens of thousands of children.
· The Independent | News via PiQSuite
Investigators are searching the National Nutrition Agency's offices after its leader was fired.
· Yahoo News | Business Finance, Stock Market, Quotes, News via PiQSuite
Investigators are now scrutinizing the operations of the national free meals agency following the dismissal of its leader.
· Reuters via PiQSuite
Indonesia arrests former nutrition agency chief and two others for corruption related to the free school meals program.
· PiQSuite
Indonesian authorities arrested Dadan Hindayana, head of an agency overseeing President Prabowo Subianto's free meals program, on corruption charges.
Japan's Nikkei 225 index surged to a record high above 68,000, gaining 2.2% to close at 68,203.79. The rally was primarily driven by AI and semiconductor stocks, with the broader Topix index also rising 1.5%.
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Developments (9)
· NDTV via PiQSuite
Japan's Nikkei 225 and Topix indices reached record highs, gaining 0.91% and 0.93% respectively, amid Middle East tensions.
· The Independent | News via PiQSuite
The Nikkei 225 index surpassed 68,000 for the first time, following new record highs on Wall Street.
· Financial Post via PiQSuite
Asian stocks reached a record high, driven by AI trade, while the yen neared 160 against the dollar.
· PiQSuite
The new article adds that oil prices and the dollar climbed due to renewed Gulf hostilities, and that AI bulls pushed stock indexes to record highs in Taiwan and Japan.
· Investing.com via PiQSuite
Asian stocks, including the Nikkei, hit record highs, driven by stimulus optimism rather than geopolitical concerns.
· Seeking Alpha via PiQSuite
Asian tech shares rallied, surpassing Middle East tensions as the Nikkei climbed to a record high, driven by gains in key technology sectors.
· PiQSuite
European stocks and U.S. futures dipped slightly due to rising oil prices following new Gulf hostilities, while Asian markets continued to climb.
· Yahoo News | Business Finance, Stock Market, Quotes, News via PiQSuite
The Nikkei 225 reached an all-time high, mirroring Wall Street's gains, continuing a positive trend.
· PiQSuite
Wall Street indexes retreated after reaching record highs, influenced by Middle East conflict and inflation concerns.
Alibaba's stock rose over 6% pre-market on June 2, 2026, following the launch of its upgraded multimodal AI model, Qwen3.7-Plus. The company also secured a six-year deal to be UEFA's exclusive AI and cloud partner starting in 2027. Institutional investors like Northwestern Mutual increased their stakes.
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Developments (2)
· South China Morning Post via PiQSuite
Alibaba CTO Wu Zeming has been appointed to the company's elite steering committee, joining co-founders Jack Ma and Joe Tsai in strategic decision-making.
· CoinCentral via PiQSuite
Alibaba's stock surged 6% on June 2, 2026, driven by the launch of its new AI model Qwen3.7-Plus and a six-year UEFA partnership.
South Korea has become the world's sixth-largest equity market, surpassing India, driven by strong performance from semiconductor companies benefiting from AI demand. Goldman Sachs favors North Asia, upgrading Taiwan and boosting targets for South Korean shares, while warning of potential pullbacks in AI chipmaker stocks.
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Developments (6)
· Bloomberg | Markets via PiQSuite
Insight with Haslinda Amin is a daily news program featuring in-depth interviews and analysis with prominent leaders.
· Bloomberg | Technology via PiQSuite
Franklin Templeton's Dina Ting highlights the long-term resilience of Korean and Taiwanese semiconductor markets amid the global tech rally.
· Economic Times via PiQSuite
South Korea has overtaken India to become the world's sixth-largest equity market, driven by its semiconductor firms benefiting from AI demand.
· PiQSuite
Goldman Sachs upgrades Taiwan and South Korea stocks, citing strong earnings growth and potential for continued AI chipmaker gains.
· Economic Times via PiQSuite
Foreign investors are shifting capital from India to North Asia due to the AI boom, impacting India's market.
· Bloomberg | Markets via PiQSuite
The article provides context on the AI rally, mentioning the US-Iran impasse, but adds no new specific information beyond existing reporting.
Major tech companies, excluding Alphabet, added $2.3 trillion in market value in May. Apple, Micron, Samsung, SK Hynix, Microsoft, and Nvidia saw significant gains driven by strong AI chip demand and optimistic earnings outlooks.
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Developments (2)
· @FirstSquawk via PiQSuite
SK Hynix plans to double its memory chip wafer capacity in the next five years to meet rising global demand.
· Reuters via PiQSuite
SK Hynix's market cap surpassed $1 trillion in May, driven by AI chip demand and positive earnings outlooks.
Markets await US CPI data and the Federal Reserve's policy decision. Investors are closely watching inflation figures and the Fed's forward guidance for clues on future interest rate movements. The Beige Book will offer regional economic insights.
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Developments (12)
· Economic And Earnings Data via PiQSuite
Australian company pre-tax profits fell 4.1% in Q1, a significant drop from the previous quarter's 1.6% increase.
· Economic And Earnings Data via PiQSuite
Australian business inventories rose 0.5% in Q1, reversing a 0.1% decrease from the previous quarter.
· Economic And Earnings Data via PiQSuite
Australian building approvals fell 3.4% in April, a steeper decline than the -1.5% forecast.
· Economic And Earnings Data via PiQSuite
Australia's current account deficit widened to $27.1B in Q1, worse than forecasts and the previous quarter.
· Economic And Earnings Data via PiQSuite
Australia's building approvals surged 23.1% in April, a significant increase from the prior month's 19.7%.
· Economic And Earnings Data via PiQSuite
Australia's net exports contribution to GDP fell to -0.8% in Q1, a decline from -0.1% in the previous period.
· Economic And Earnings Data via PiQSuite
Australia's private house approvals fell 1% in April, a reversal from March's 0.9% rise.
· @FirstSquawk via PiQSuite
Australian private sector house prices fell 1.0% M/M, reversing the prior month's 0.9% gain.
· @FirstSquawk via PiQSuite
Australia's company operating profit fell 1.3% in Q1, missing estimates and reversing prior gains.
· @FirstSquawk via PiQSuite
Australia's inventories grew 0.5% in Q/Q, exceeding estimates and reversing the prior quarter's decline.
· Investing.com via PiQSuite
Restates earlier reporting that Australian government spending was flat in Q1 and contributed 0% to GDP.
· Reuters via PiQSuite
Australian government spending was flat in Q1, adding nothing to GDP growth.
South Korea's exports surged 53.2% year-on-year in May, reaching a record $87.75 billion, driven by a 169.4% jump in semiconductor sales. The country also recorded an all-time high trade surplus of $26.95 billion. Consumer inflation rose 3.1%, exceeding forecasts.
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Developments (11)
· MTS via PiQSuite
South Korea's trade surplus hit a record in May, but currency pressures are a growing concern.
· Economic And Earnings Data via PiQSuite
South Korea's May trade balance showed a surplus of 26.95 billion KRW, surpassing forecasts and previous figures.
· Economic And Earnings Data via PiQSuite
South Korea's May exports grew 53.2%, surpassing the 48.4% forecast and the previous 48%.
· Economic And Earnings Data via PiQSuite
South Korea's Manufacturing PMI rose to 54.8 in May, up from 53.6, indicating expansion.
· Investing.com via PiQSuite
South Korea's export growth hit a four-decade high, driven by record chip sales fueled by the AI boom.
· Reuters via PiQSuite
Article confirms record May exports driven by AI chip demand, exceeding forecasts and boosting economic outlook.
· Economic And Earnings Data via PiQSuite
South Africa's total vehicle sales increased to 51.07K in May from 47.98K in April.
· Economic And Earnings Data via PiQSuite
South Korea's May CPI came in at 0.5%, higher than the 0.3% forecast, matching the previous month's rate.
· @investingLive_ via PiQSuite
New article reports May 2026 inflation data exceeded expectations, raising concerns about potential interest rate hikes by the Bank of Korea.
· PiQSuite
Article confirms May CPI rose 3.1% y/y, exceeding forecasts due to high oil prices.
· PiQSuite
Article adds that May inflation hit a two-year high of 3.1%, potentially leading to monetary tightening.
US manufacturing activity increased more than expected in May, hitting the highest level in four years. The ISM manufacturing PMI advanced to 54.0, the highest reading since May 2022, from 52.7 in April, driven by businesses front-loading orders amid rising prices and shortages.
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Developments (31)
· PiQSuite
China's factory activity was flat in May, with the official manufacturing PMI dropping to 50 from 50.3 in April.
· Seeking Alpha via PiQSuite
China's factory growth has stalled due to weakening export orders and persistent cost pressures.
· ForexLive via PiQSuite
China's manufacturing PMI hit a three-month low of 50 in May, matching forecasts, while the non-manufacturing PMI rose to 50.1, exceeding expectations.
· Economic And Earnings Data via PiQSuite
Australia's manufacturing PMI rose to 50.7 in May, indicating slight expansion after holding steady in April.
· MTS via PiQSuite
China's manufacturing contracted in May, but its services sector expanded, showing a mixed economic picture.
· Economic And Earnings Data via PiQSuite
Japan's May manufacturing PMI held steady at 54.5, matching forecasts and previous figures, indicating stable output.
· Reuters via PiQSuite
Japan's factory growth slowed in May due to surging costs, despite record export orders.
· Investing.com via PiQSuite
Japan's manufacturing PMI slowed in July to 52.1, down from 52.7 in June, due to rising cost pressures.
· Reuters via PiQSuite
South Korea's factory activity saw its strongest growth in over 5 years in May, driven by stock building amid Middle East conflict concerns.
· PiQSuite
Article confirms South Korea's manufacturing PMI reached a 5-year high in May, driven by output and new orders, with manufacturers stocking up due to Middle East conflict.
· ForexLive via PiQSuite
China's official manufacturing PMI fell to 50.0 in May, while the non-manufacturing PMI rose to 50.1.
· Bloomberg | Technology via PiQSuite
China's private manufacturing activity slowed in May, aligning with official data indicating a softening economy.
· PiQSuite
Article confirms China's manufacturing expanded in May at a slower pace, with easing price pressures and moderating demand.
· Investing.com via PiQSuite
China's manufacturing activity expanded more than expected in May, according to the RatingDog PMI.
· Reuters via PiQSuite
Asia's factory activity expanded in May, driven partly by stockpiling due to Middle East conflict risks.
· PiQSuite
New article indicates Asian factory activity expanded in May due to stockpiling amid Middle East conflict risks.
· Seeking Alpha via PiQSuite
China's May PMIs show a mixed recovery, with services rebounding while manufacturing growth moderates.
· Reuters via PiQSuite
New article details India's manufacturing PMI rose to 55.0 in May, driven by domestic demand, despite rising costs and softened optimism.
· PiQSuite
India's manufacturing sector expanded at its fastest pace in three months in May, driven by demand but tempered by softening business optimism.
· Reuters via PiQSuite
Turkey's manufacturing nears stabilization with PMI at 49.8, highest since March 2024.
· PiQSuite
The new article confirms Turkey's manufacturing sector neared stabilization in May, with output growth and rising export orders.
· ForexLive via PiQSuite
Spanish manufacturing PMI at 51.2 in May, with vendor performance worsening and input prices hitting a four-year high.
· Seeking Alpha via PiQSuite
This article reports on Spain's manufacturing PMI, which edged down to 51.20 in May, indicating a modest cooling of its sector.
· PiQSuite
Spain's manufacturing PMI dipped to 51.2 in May due to Middle East conflict-linked disruptions worsening supply delays and raising costs.
· Investing.com via PiQSuite
Spain's manufacturing growth decelerated in the latest survey period due to intensified supply chain disruptions, according to the latest PMI.
· ForexLive via PiQSuite
Germany's manufacturing PMI stalled at 50.1 in May, with new orders falling for the first time this year and job losses accelerating.
· Reuters via PiQSuite
French manufacturing contracted in May for the first time since November, impacted by energy prices and transport disruptions.
· Reuters via PiQSuite
Italy's manufacturing PMI rose to a 4-year high in May, driven by increased new orders and output, despite ongoing cost pressures.
· PiQSuite
Canada's manufacturing sector expanded in May, driven by increased output, new orders, and employment.
· Seeking Alpha via PiQSuite
May's final PMI Manufacturing reading showed a weaker improvement than initially estimated, indicating a slowdown.
· Reuters via PiQSuite
US manufacturing activity reached a four-year high in May, driven by AI spending and front-loaded orders amid rising prices.
China's economy expanded by 5.3% year-on-year in Q1 2024, surpassing expectations. Industrial production rose 6.0% in March, while retail sales increased 4.7% and fixed asset investment grew 4.5% in the quarter. The property sector continues to face significant headwinds.
China's state asset regulator has directed central state-owned enterprises (SOEs) to double their basic research spending by 2030. This move aims to encourage these large companies to become long-term investors in sovereign technologies.
India and the US signed a framework agreement on critical minerals and rare earths, aiming to reduce global reliance on China. The pact, launched during US Secretary of State Marco Rubio's visit, involves pooling up to $20 billion. Analysts remain skeptical about India challenging China's established dominance soon.
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Developments (2)
· South China Morning Post via PiQSuite
A new India-US pact on critical minerals aims to boost New Delhi's role, but analysts doubt it will soon challenge China's dominance.
· South China Morning Post via PiQSuite
The Quad Critical Minerals Initiative Framework, pooling up to $20 billion, was launched by India, US, Japan, and Australia to curb reliance on Beijing.
Foreign investors withdrew money from Brazilian stocks at the fastest pace in over six years in May, ending a historic rally for the nation's stock market.
Kuku Technologies, operator of Kuku FM and Kuku TV, has filed for an Initial Public Offering (IPO) aiming to raise up to Rs 3,500 crore. The company targets a valuation of Rs 15,000 crore, with funds intended for technology, AI, and content expansion. Kuku's revenue has seen significant growth, nearing operational break-even.
Hong Kong has signed 96 agreements valued at US$1.65 billion with Kazakhstan and Uzbekistan during Chief Executive John Lee Ka-chiu's visit to Central Asia. The deals aim to foster closer government and business ties, and an agreement with Uzbekistan will enable new direct flight routes.
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Developments (2)
· South China Morning Post via PiQSuite
Direct flights between Hong Kong and Uzbekistan are expected to launch this year, strengthening ties between Central Asia and the city.
· South China Morning Post via PiQSuite
Hong Kong signed 96 agreements worth US$1.65 billion with Kazakhstan and Uzbekistan, building on planned flight routes.
South Korea's National Election Commission will investigate a shortage of ballot papers in local elections that led to public anger and protests. Voters faced long waits or were unable to cast ballots due to unexpected turnout, prompting calls for a revote in some districts.
Hong Kong police detained seven individuals, including former opposition group leader Chan Po-ying, for allegedly disrupting order while marking the 37th anniversary of the Tiananmen Square crackdown. The group was carrying flowers and dressed in black in Causeway Bay.
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Developments (3)
· The Independent | News via PiQSuite
· The Independent | News via PiQSuite
Hong Kong police stopped a performance artist from attaching a 6.4m thread to a signpost, referencing the Tiananmen crackdown anniversary.
· South China Morning Post via PiQSuite
Police took away seven individuals, including activists Chan Po-ying and Virginia Fung, for marking the Tiananmen anniversary in Causeway Bay.