Exits

• Chinese hedge funds are reducing their exposure to artificial intelligence-linked stocks after securing significant gains throughout the year. • Fund managers are signaling a shift toward caution, informing investors that they are on high alert for signs that the current AI rally has become unsustainable. • This move reflects a strategic pivot to lock in profits and mitigate risk as market volatility increases around high-growth tech sectors.

• South Korea's KOSPI index exited bear market territory following a 5% jump on Friday, recovering from a 20% decline from its June peak. • Despite recent volatility, the index remains the world's top-performing market with a significant 76% year-to-date gain. • Goldman Sachs maintains a high conviction in the market, raising its 12-month target to 12,000 and forecasting 300% earnings growth by 2026.

• Asiana Airlines has officially announced its withdrawal from Star Alliance, ending a strategic partnership that lasted more than 23 years. • The exit occurs amidst severe regional travel chaos, characterized by frequent flight cancellations and logistical bottlenecks at major Asian transit hubs. • This move significantly reshapes international connectivity out of South Korea and disrupts established passenger loyalty programs and elite memberships.

• A wave of high-profile resignations and firings has created a leadership vacuum at the top of the CDC and FDA. • These departures suggest the Trump administration may be pivoting away from specific goals of the "Make America Healthy Again" (MAHA) movement. • The instability at these critical health agencies raises concerns about the continuity of public health oversight and the administration's actual policy direction.

• Indian badminton veteran Srikanth Kidambi was eliminated from the Indonesia Open 2026 after a straight-games defeat to Yushi Tanaka on June 2 at the Istora Senayan in Jakarta. • Tanaka secured his place in the next round of the BWF Super 1000 tournament by winning the second game 21-15, outperforming the former World No. 1 in crucial moments. • This result marks a disappointing streak for Kidambi, who suffered back-to-back first-round exits following a loss to Loh Kean Yew at the Singapore Open Super 750 last week.

Sky News Arabia to retain its name in brand licensing deal after criticism of its coverage of the war in SudanSky is exiting its TV news joint venture with the United Arab Emirates, Sky News Arabia, which has been criticised for its coverage of the war in Sudan, with accusations of genocide denial.Sky and its partner IMI – the investment vehicle controlled by Sheikh Mansour bin Zayed al-Nahyan, the vice-president of the UAE and owner of Manchester City – have announced a new commercial deal in which the UK-based broadcaster will relinquish all strategic and operational ownership of the 24-hour Arabic language news and current affairs service. Continue reading...

• Zee Entertainment Enterprises is nearing a deal to secure the broadcast and streaming rights for the 2026 FIFA World Cup in India. • The agreement becomes likely after competitor JioStar withdrew from the bidding process for the tournament. • This strategic move highlights Zee's commitment to expanding its sports content portfolio to attract a wider audience.