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Biz Report Midday: Global Sell-Offs, Asian AI Bets, and Apple's Changing of the Guard
Description
Ryan Huang and Chua Tian Tian unpack a chaotic day in global markets as oil surges past $96 and stagflation fears spark a widespread sell-off across equities and bonds. Despite the macro slump, the AI boom continues to fuel record growth across Asia, driving Singapore’s upgraded economic forecast and South Korea’s historic $597 billion tech budget. They also explore Beijing’s mandate to halt the EV export price war and dive into the local real estate shakeup surrounding Marina Square's massive 2027 redevelopment. Finally, they break down the end of an era in Cupertino: Tim Cook's departure, his staggering 2,300% growth record, and what incoming CEO John Ternus means for the future of Apple.
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