AJU PRESS - ASIA NEWS HUB

Hedge funds pile into Asia as memory boom powers Korean rally SEOUL, February 17 (AJP) -Global funds are ramping up bets on Asian equities, led by tech-heavy South Korea and Japan, as a historic shortage in memory chips fuels one of the strongest regional rallies in decades. According to a client note from Goldman Sachs, hedge funds bought a record amount of Asian stocks in the week to Friday, targeting both developed and emerging markets. Inflows were concentrated in
Korean President vows to correct housing "fantasy" in Lunar New Year message SEOUL, February 17 (AJP) -South Korean President Lee Jae Myung on Tuesday underscored his core governing goal — to correct what he called the nation’s “housing fantasy” and build a safe and peaceful society grounded in fairness, reason, growth and shared prosperity. In his Lunar New Year message posted on social media platform X, Lee said he never sought political power for personal ambitio
Kbank up for retail subscription Fri ahead of March 5 IPO, 30% discounted vs online peer SEOUL, February 17 (AJP) -Kbank, South Korea’s first online-only lender, will open retail subscriptions from Friday to Monday ahead of its March 5 debut on the main board, seeking to capitalize on a strong rally in the KOSPI with a relatively conservative valuation as the first Korean IPO for 2026. The lender has set its offering price at 8,300 won ($5.75), the bottom of its indicative range of 8,300 t