Japanese

• 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.

• 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.

China is no longer just a consumer market, but a manufacturing base and launchpad for competing with Chinese automakers globally, says IMD Business School’s Mark Greeven.