Edge

• Global hedge funds ramped up investments in Asia, with weekly buying of South Korean, Japanese, and Taiwanese stocks reaching a 10-year high for the week ending May 7, according to a Morgan Stanley report. • The surge, the heaviest in over a decade in notional terms, was driven by clients across all regions and strategies targeting Asia's technology sector amid the AI boom. • Hedge funds' net exposure to Japan, South Korea, and Taiwan has risen to its highest since 2010, now at about 19% of global positioning, focusing on semiconductors and hardware in the AI supply chain.

• Buriram United defeated Johor Darul Ta'zim 3-1 in the first leg of the ASEAN Club Championship semifinals last week. • The Thai club heads into the second leg on Wednesday with a two-goal advantage, leveraging their recent mental dominance in head-to-head matchups. • This matchup highlights the intense rivalry in Southeast Asian club football, with Buriram aiming to advance to the final.

• Chiba Jets defeated Gunma Credit CT 72-68 in a tight Japanese basketball league game. • The Jets showcased exceptional free-throw accuracy, converting 19-of-22 attempts for an 86.4% success rate. • American forward performance was pivotal in securing the narrow victory for Chiba.

Shadow treasurer Tim Wilson says his objective is to ‘defeat’ changes to capital gains and negative gearing. Follow today’s news liveSee all our Australia budget 2026 coverageGet our breaking news email, free app or daily news podcastThe Coalition said last night it would repeal changes to capital gains tax and negative gearing if elected as it tried to hit back at Labor’s budget measures.The shadow treasurer, Tim Wilson, told Sky News the prime minister promised not to touch the incentives during last year’s election campaign and that therefore Labor did not have a mandate for the reforms.We’ll repeal these measures if necessary, but our objective is to defeat them and to make sure that they’re never legislated. Because this government doesn’t have licence from the Australian community support these changes. Continue reading...

• On May 7, 2026, NEC Corporation unveiled its first quantum‑inspired AI accelerator chip, the “Q‑Neuron B1,” designed for edge‑computing devices such as industrial robots, drones, and smart‑city sensors. • The chip reportedly delivers a 3.2x improvement in inference latency over prior NEC ASICs while consuming 38% less power, enabling real‑time video analytics at up to 7680×4320 resolution on low‑bandwidth edge nodes. • NEC aims to ship the first commercial batches to Japanese manufacturers and municipal networks by Q3 2026, with plans to license the architecture to South Korean and Taiwanese partners.

• Péter Magyar's Respect and Freedom Party (Tisza) won a two-thirds supermajority with 141 of 199 seats last month, ending Viktor Orbán's 16-year Fidesz rule. • Reforms focus on restoring judicial independence, media freedom, eliminating political influence in state institutions and companies. • The government plans to join the European Public Prosecutor's Office to tackle EU budget fraud, corruption, and fund misuse, amid increased scrutiny of Orbán-era exposures.

Promises to cut emissions and use more fuel-efficient planes fail to stop rise, with Ryanair’s carbon footprint 50% up on 2019Emissions from flying in Europe have now passed pre-pandemic levels, with Ryanair’s carbon footprint 50% higher than in 2019, research has shown.Total aviation emissions continue to increase despite industry pledges to decarbonise and the introduction of more fuel-efficient planes, driven by the massive expansion of low-cost carriers. Continue reading...