Japanese firms are strengthening defenses against potential foreign takeovers as the yen’s prolonged decline makes them more attractive targets, according to reports.
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MSCI’s index rebalance drops Indonesian stocks and rupiah hits record low
Indonesian stocks drop after MSCI removes six companies from global indices; rupiah hits an all-time low of 17,535 against the dollar, prompting concerns over capital outflows.
China, US trade chiefs huddle for last-minute talks before Trump visit
Chinese and U.S. trade representatives met in South Korea for last-minute negotiations before President Trump’s upcoming visit, amid ongoing tensions.
Japan Inc., households step up overseas investment despite weak yen
Japanese companies and households are boosting overseas investments even as the yen remains weak, driven by low domestic interest rates and growth opportunities abroad.
DOJ extracts $30m settlement from PayPal over minority-owned business program
The DOJ secures a $30 million settlement from PayPal over its minority business support program, leading to a new initiative without diversity language.
Sam Altman says Elon Musk’s mind games were damaging OpenAI
OpenAI CEO Sam Altman testified that Elon Musk’s management style caused significant damage to the company’s culture during Musk’s lawsuit.
Trump Media Scales Back Plans for Its Own Prediction Market
Trump Media now describes its prediction market project as in development, limited to a promotional collaboration with OG.com, not a full product launch.
The Steve Jobs $1 coin goes on sale today starting at $61 for a roll
The US Mint begins selling the Steve Jobs $1 innovation coin today, priced at $61 for a roll of 25 coins, honoring the tech pioneer’s legacy.
Bond yields jump in Japan and South Korea as US, Iran talks snag
Japanese and South Korean bond yields surge as US-Iran negotiations stall, heightening inflation fears and market volatility in Asia.
Asian equities surged May 11, 2026 on AI boom + easing geopolitics. KOSPI +4.3% to record 7,822, now world’s 7th largest equity market. Samsung +5-6%, SK Hynix +9-11% (new highs). Semicon exports +139% YoY in Q1. Nikkei opened near all time highs. Full details on whale
Asian equities rallied sharply on May 11, 2026, driven by AI sector gains and easing geopolitical tensions, with South Korea’s KOSPI rising 4.3%.