Bessent’s yen intervention signals new era of US ‘currency activism’
Bid to support Japan’s currency shows US is ready to scupper trades that push against its interests
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South Korea’s president wanted a hot stock market. He got more than he bargained for
Retail investors blame pro-investor policies after suffering heavy losses from AI tech rout
FirstFT: Japan confirms historic joint yen intervention with US
Also in today’s newsletter: Myanmar releases photos of Aung San Suu Kyi amid health concerns and AstraZeneca investors raise concerns over mega-merger talks
Aston Martin creditors threaten legal action after branding rights sale plan
Bondholders send carmaker letter warning they may file suit aimed at unwinding HPS transaction and blocking asset disposal
Manufacturing survey shows inflation worries ‘worse than pandemic era,’ adding to Fed pressure
The commentary pointed to a highly volatile environment in which purchasing managers were struggling to stay ahead