UBS Global Wealth Management

Asian shares rise after US gains driven by AI-linked companies

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Asian shares rise after US gains driven by AI-linked companies

Asian shares rose at the open after a renewed wave of buying in companies linked to the artificial-intelligence boom sent Wall Street benchmarks to new peaks. Gold and oil edged lower on a peace deal in the Middle East. Shares gained in Japan and Australia after the S&P 500 closed 0.6% higher Wednesday, while the … Read more

U.S. equity funds see large outflows as investors book profit

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U.S. equity funds see large outflows as investors book profit

Investors withdrew massive capital out of U.S. equity funds in the week to Sept. 17 as they turned cautious about the market’s lofty valuations following the recent rally through a policy rate cut by the Federal Reserve and rushed to lock in profits. According to LSEG Lipper data, investors pulled out a net $43.19 billion … Read more