Capital markets news | Mon 30 Jun 2025
Do you know?
- Global Economic Events: Trump’s Liberation Day tariff reprieve expires on 9 July 2025. Some countries negotiating in good faith might receive limited extensions, but this depends on ongoing negotiations. Unless a trade deal is finalised, US tariffs will automatically resume at levels previously threatened. The US imposed a 24% tariff on Malaysian imports on Liberation Day, which has been reduced to 10% during the 90-day pause.
Equity
- Pan Merchant falls 15% on ACE Market debut after underwhelming IPO Edge NST
- Terengganu-based Enproserve prices ACE Market IPO at 24 sen Edge NST
- Engineering firm Oxford Innotech sets ACE Market IPO at 29 sen Edge NST Star
- SCIB plans 1-for-1 rights issue with warrants, share capital reduction Edge NST Star
- Retail investors in Singapore face problems exercising their rights Star
- NTT lodged preliminary prospectus to list REIT on Singapore Exchange Edge
- Richard Li’s FWD seeks USD442m from Hong Kong IPO Edge NST
- China fashion retailer Shein to file confidentially for Hong Kong IPO Edge
- Hong Kong’s sixfold jump in share sales drives boom year in Asia Edge
- Taiwan’s central bank wards off FX speculators piling into ETFs Edge
- Kospi heads for biggest first-half gain in 26 years Star
- HDB Financial most bid billion dollar Indian IPO in 4 years Edge
- Hiring spree in India’s derivatives sector Star
- SoftBank backs startup building giant floating climate stations Edge
- What’s likely to go wrong this time with SPACs Star
- Bolt’s Breslow is back with a USD600m pitch Star
Debt
- RCE Marketing’s Tranche 6 sukuk assigned final ratings RAM
- MTS Fibromat’s RM5m Tranche 2 investment notes rating rationale updated RAM
- UiTM Solar Power Dua’s AA- rating affirmed MARC
- MBSB eyes RM50b loan book by FY2026 Edge
- SME Bank unveils RM211m initiatives for MSMEs NST Star
- Kenanga sees Malaysian bond yields inching up amid global trade jitters Mail
- Malaysian digital banks grow deposits Star
- Vietnam passes law to tackle bank crisis, resolving bad debts Edge
- South Korea ends 14-year restriction on kimchi bond investment Edge
- Asian banks fuel more than USD2b loan boom in Middle East Edge
- Mortgage rates in the US fall for a fourth week, hitting 6.77% Edge Yahoo
- Investors sold US bond funds in 2Q, but long-term Treasuries to get relief Yahoo
- Bond market panic overblown, driven by inexperienced investors Yahoo
- Saks in talks for USD600m of new debt as payment nears on current bonds Star
Digital assets
- Bitcoin jumps after Trump says growth will offset deficits Coindesk
- Few bitcoin treasury companies will survive death spiral Cointelegraph
- Robinhood launches micro bitcoin, solana, XRP futures contracts Coindesk
- Stablecoins are the quiet winners of Polymarket’s surge Coindesk
- Ripple to drop cross-appeal against SEC Coindesk
- Bolt embraces stablecoin payments for global marketplaces Coindesk
- Europe’s time is now for stablecoins Coindesk
- Bitvavo secures MiCA license from the Netherlands Coindesk
- Gemini rolls out tokenised stocks in EU Coindesk Cointelegraph
- Quarter of South Koreans aged 20 to 50 invest in crypto assets Star
M&A
- Yong Tai buys Sabah property developer for RM15m Edge Star
- Sunway buys 99.6 acres in Kuang for RM65m to expand industrial park Edge
- Jentayu to buy solar stake, raise RM49m for Sabah hydro project NST
- Mulpha to receive RM933.7m from sale of Australia’s Aveo stake Edge NST
- SK Group considers selling stake in Malaysian waste firm Cenviro Edge Star
- Felda’s RM1.30 offer for FGV not fair, but reasonable Edge
- SD Guthrie to unlock RM1.3b profit from land monetisation strategy NST
- UEM Edgenta’s Singapore unit eyes M&A in Singapore, Taiwan Edge
- Japan hits M&A record of USD232b, driving Asia deals rebound Edge NST
- JSW agrees to buy Akzo Nobel India unit in USD1.6b deal Edge NST
- Trump says a group of wealthy people keen to buy TikTok Edge
- Walgreens beats forecast in last few quarters before being taken private Edge
- Mars’ USD36b Kellanova deal gets US antitrust approval Edge NST
- Czech billionaire takes charge of Royal Mail after GBP3.6b takeover Mail
- Shell says not interested in taking over BP Edge Mail NST
- RTL buys Sky Deutschland in deal to take on US streaming giants NST
Malaysian
- PublicInvest lowers 2025 inflation forecast to 1.9% NST
- Short-term rates set to remain stable on BNM operations NST
- Stronger ringgit, Fed shift could draw capital to Malaysia NST
- Digital investments exceed target NST
- Producer price index down 3.6% in May Edge Star
- Economy may slow as government revenue falls Edge
- Talent, technical expertise needed in energy sector Edge
- Jul palm oil reference price cut, export duty falls to 8.5% Edge NST
- IHH launches SGD5m grant to drive global research and innovation NST
- INV New Material launches RM3.2b Penang lithium-ion battery separator plant NST
Other markets
- Asean integration fuels push for independent regional financial system Mail
- China opens first offshore gold vault in Hong Kong Edge
- Hong Kong intervenes to defend FX peg as local currency drops Edge Star
- TSMC to inject USD10b capital to unit to counter forex swings Edge
- Trump says he’ll pick a Fed chair who wants to cut rates Edge Mail NST
- Fed says banks can withstand economic downturn Edge
- Powell says end of Fed’s interest paid to banks won’t save money Edge
- Treasury deal kills revenge tax that spooked Wall Street Edge Mail
- US Fed proposes easing post-crisis capital rule for big banks Mail Star
- 2 workers for SEC-Edgar filing agent face insider charges Yahoo
- Dollar drops to lowest since 2021 against euro, sterling Edge Mail Star
- Tax bill would add USD3.3t to US deficits Yahoo
- US goods trade deficit widens in May as exports fall Edge
- Tariff pause could be extended beyond Jul deadline NST
- Trump does not expect to extend 9 Jul tariffs deadline NST Yahoo
- US accuses 3 Mexican financial firms of drug money laundering Edge
- World economy faces pivotal moment, central bank body BIS says Edge Yahoo