Bank of Japan warns of risks from AI market shock, cyberattacks
The Bank of Japan warned that AI-related market shocks and cyberattacks pose risks, highlighting threats to financial stability.
Finance
Hedge funds log widest daily drawdown since Covid in stock rout
Global hedge funds suffered their broadest daily decline since Covid as Thursday’s stock sell-off hit all three major equity strategies, Goldman Sachs said.
OCBC customers report issues with internet and mobile banking services
OCBC customers reported issues with internet and mobile banking services, with outage reports noting disruption.
US mortgage rates decline for first time in 9 weeks to 7.32%
US 30-year mortgage rates fell for the first time in nine weeks to 7.32%, but remain near November 2023 highs, sustaining housing affordability strain.
Knight Frank’s Tan Tee Khoon leaves firm, Nicholas Keong takes over auction business
Tan Tee Khoon has left Knight Frank Singapore to pursue other interests. Nicholas Keong takes over as head of auction, continuing to oversee prime residential sales and leasing, and private office.
Take-up of new private homes dives 45% in Q3 as prices accelerate with 1.4% rise
Singapore Q3 2026 new private home sales plunged 45% to 1,183 units, while prices accelerated with a 1.4% rise. Rents climbed 1.3% and completed stock grew 3,491 units.
Office rents in Singapore’s central region rise 0.8% in Q3 over Q2, URA data shows
Singapore central-region office rents rose 0.8% in Q3 from Q2, while islandwide vacancy fell to 10% from 11% as office stock shrank 72,000 sq m.
Brent crude hits more than five-month high on concern over Middle East escalation
Brent crude hit a five-month high as Middle East escalation concerns grew.
Yen jumps as traders seek safety amid global flight from risk
Yen jumps 0.8% as weak tech earnings and Middle East tensions drive global risk-off, boosting safe havens; dollar slips, euro falls.
HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs
HD Hyundai will partner with Kiewit to build a US shipyard, creating 3,000 jobs.
SK Hynix says Solidigm suspends review of US IPO, citing market volatility
SK Hynix's Solidigm suspends its US IPO review, citing market volatility.
Steep bill for AI buildout punishes Meta, other tech favorites
AI infrastructure costs are soaring, hurting Meta and other tech stocks as investors worry about steep spending with uncertain returns.