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AI & Enterprise

Nvidia extends seven-session slide as hyperscaler reliance comes into focus ahead of results

Nvidia\'s quarterly results are putting renewed focus on its reliance on hyperscalers, with Wall Street watching whether revenue concentration among a few large customers tests long-term growth. Nvidia has split data center customers into hyperscalers and ACIE since May. Its shares have fallen for seven straight sessions as investors weigh whether major customers can keep increasing spending. Analysts expect ACIE growth to overtake hyperscalers and are also watching sales of the Vera Rubin system.

Finance

Hana Bank signs won swap deal with RFI, first for South Korean banks

Hana Bank signed a won swap deal in London with a foreign bank registered as a Recognised Foreign Institution, it said. The bank said it was the first time a South Korean bank had concluded a won swap transaction with an RFI. Hana said its London funding centre supplied won liquidity directly to overseas won swap demand. It plans to expand the centre’s scope from FX and remittances to sales of won government bonds, domestic stocks and won derivatives.

People & Events

KB Financial included in FTSE4Good global ESG index for 16th straight year

KB Financial Group has been included in the FTSE4Good Index Series, a global ESG index, for the 16th consecutive year. KB Financial said on Aug. 21 it has been selected for the index’s constituents since 2011, based on an assessment by FTSE Russell. In the latest review, it scored above the industry average across environment, social and governance categories. The group said it has also maintained ratings from MSCI, the Dow Jones Sustainability World Index and CDP.