Traders braced for won volatility after blockbuster SK Hynix listing
South Korean chipmaker set to repatriate more than $26bn from share sale over the next month
Economic news
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Oil prices jump as US and Iran step up tit-for-tat strikes
Traders fear escalating hostilities could further restrict the flow of crude through the Strait of Hormuz
China cracks down on top ratings for corporate bonds
Regulators pressure agencies to limit triple-A designations for higher-interest borrowers
US states push to repurpose abandoned oil wells
Pennsylvania, Oklahoma and others are finding ways to turn an expensive and polluting problem into a new opportunity
Big private equity firms pull in more cash as winners take all
Shrinking pool of recipients points to coming wave of so-called zombie firms
How AI rebrands fail to deliver a lasting share price boost
Most of the groups that pivoted have not sustained their valuation gains, an FT analysis has found