Australian, Chinese airline stocks jump as oil prices plunge more than 7%

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• US tech giants' AI borrowing could push up Europe's bond yields

  Heavy borrowing across euro, sterling, and Swiss franc debt markets by American hyperscalers is designed to fund massive artificial intelligence expansions. This unprecedented wave of cross-border issuance is crowding out traditional domestic borrowers and pressuring regional debt markets. Consequently, local corporate and sovereign borrowing costs are facing upward pressure across the continent.

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• China to expand global access to yuan assets, promote Hong Kong as offshore hub

  Speaking at an investment summit in Hong Kong, Chinese regulatory leaders outlined comprehensive strategies to deepen the nation's financial integration with international markets. Central bank officials aim to reinforce offshore liquidity and cross-border trade stability by broadening currency swap arrangements. Concurrently, authorities are facilitating offshore stock listings for domestic firms while carefully monitoring broader systemic risks linked to concentrated global technology investments.

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• AST SpaceMobile Stock Crash: Why ASTS shares plunged 11% as SpaceX eyes Boost Mobile

  Reports that SpaceX is in talks to acquire or partner with EchoStar's Boost Mobile have triggered intense market pressure on direct-to-device competitors. If realized, the deal would allow Elon Musk's Starlink to build a standalone hybrid wireless network rather than relying on carrier partnerships. This development directly challenges AST SpaceMobile's core business model of cooperating with established terrestrial operators like AT&T and Verizon.

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