Investors use crypto exchanges to avoid Chinese controls on AI stocks

Investors use crypto exchanges to avoid Chinese controls on AI stocks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cryptocurrency exchanges are offering investors exposure to Chinese AI stocks, circumventing Beijing’s controls on foreign access to the country’s equity market. Trading platforms including tradeXYZ and Gate.com have launched perpetual futures, or “perps”, tracking shares…

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Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%

Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%

Defense stocks plummeted on Wednesday after a report that Germany will abandon plans to build six warships, fuelling investor fears that the boost to defense contractors from increased government spending may not fully materialize. Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times, citing two people…

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