Rediff soars 61% in first day trading on Nasdaq

Andrew Murray joins as Apac senior vice president, financial technology, while Bob McCooey, Nasdaq's head of international listings, has relocated to Singapore.

The index provider cited unresolved market-accessibility issues for global investors, including limits around Korean won convertibility. Korean semiconductor giant SK Hynix is seeking direct access to US investors amid surging demand for AI memory chips.

The South Korean chipmaker's record $26.5bn Nasdaq debut was followed by a record sell-off in Seoul after weaker earnings expectations, even as analysts remain constructive on the longer-term AI memory cycle.

CEO Darren Wang described the process to FA as “difficult” and said that reaching out to more US-based private investors, while expanding globally, is the next step.

There were several multi-billion dollar deals agreed between the two nations at the Beijing summit, however, while the establishment of boards of trade and investment could help, some are sceptical, with Chinese FDI into the US at historically low levels.

India and the EU have signed a free trade agreement after years of negotiating; over 90% of goods are set to move tariff free.