Global equity funds attract third straight week of inflows as investors buy AI-linked dip - The Economic Times

• Lotte India has appointed Dentsu Creative as its creative agency partner following a competitive multi-agency pitch. • Managed by Dentsu's Chennai office, the mandate includes brand strategy, creative development, and integrated campaigns for Lotte's flagship confectionery brands.

• Chinese and Hong Kong stocks rose during midday trading, with the Hang Seng index climbing 0.7% and the blue-chip CSI300 Index gaining 0.3%. • The Shanghai Composite Index also saw a slight increase, edging 0.1% higher as market sentiment improved.

• MiniMax Group founder Yan Junjie is facing significant selling pressure as lockup periods for the Hong Kong-listed AI model developer expire this Wednesday. • The company has seen its market value plummet by $39 billion since its peak in March, resulting in a personal wealth loss of $9.3 billion for Yan.

• NTT DATA's global AI report identifies "Expert-first AI" as a defining strategy used by industry leaders to enhance rather than replace their workforce. • These front-runners utilize AI to amplify the impact and capabilities of highly skilled, experienced employees to drive better business outcomes.

• European stock markets have reached record highs, benefiting from a global investment rotation away from heavily weighted technology stocks. • This bullish momentum is driven by investors diversifying their portfolios as they seek alternatives to the concentrated AI trade.

• Michelle Turner launched Here Now Health, a mental health platform for foster children, by leveraging AI tools to accelerate the transition from concept to operation. • The company demonstrates how non-AI businesses use the technology to lower entry costs and scale faster by automating tasks that were previously too expensive or time-consuming.

• The UK Treasury Select Committee is urging the Financial Conduct Authority (FCA) to expand its powers to better oversee AI risks within the financial services sector. • This call for action comes as over 75% of financial firms have already deployed AI, creating an urgent need for AI-specific stress testing and enhanced consumer protections.

• The South Korean Kospi index reversed early gains and slid as investors grew concerned over the high valuations of AI-linked companies. • Broader Asian markets remained supported by falling crude oil prices, though regional currencies continued to face pressure against the US dollar.

• A growing number of Singaporean firms are scaling their AI adoption, with 37% expanding their usage and 14% fully embedding the technology into their operations. • Despite this rapid rollout, the implementation of governance and control systems is lagging behind, creating a gap between technical deployment and oversight.

• President Lee Jae Myung ordered the government on Monday to accelerate investment plans for semiconductors and artificial intelligence. • The initiative focuses on establishing a "Honam cluster," with Gwangju emerging as a primary site for the new chip infrastructure.

• AIIMS New Delhi has announced the selection results for over 460 vacant faculty positions across more than 50 different medical disciplines. • The appointments span various seniority levels, from Assistant Professor to Professor, and cover both the main AIIMS New Delhi campus and the CAPFIMS campus at Maidan Garhi.