Asia markets largely rise as 10-year U.S. Treasury yield hits 16-year high

SoftBank shares rise after its chip unit Arm files for a Nasdaq listing, South Korea's consumer sentiment weakens for the first time in six months, Hong Kong's inflation rate slows more than expected, UBS identifies stocks that could drag the Stoxx Europe 600 down 10%, and the 10-year Treasury yield hits its highest level since 2007.

cnbc.com

Relevant topic timeline:

8/24/2023

Arm’s changing business model is wildcard for IPO

SoftBank Group is floating Arm in an IPO, but the chip designer's new business model and potential valuation of over $60 billion lack proof points, making it a risky gamble for investors.

9/2/2023

SoftBank lines up Apple, Nvidia, Intel as strategic investors for Arm IPO as chipmaker rides A.I. wave

SoftBank Group has secured strategic investors for Arm Ltd.’s IPO, including Apple, Nvidia, Intel, and Samsung. The chip company's offering is expected to raise $5 billion to $7 billion and value Arm at $50 billion to $54 billion.

9/14/2023

Arm's High-Flying IPO Leaves Questions on Growth Prospects to Justify Sky-High Valuation

SoftBank's Arm achieves a successful Nasdaq debut with its IPO, despite raising concerns on Wall Street over its high valuation and low growth compared to other semiconductor companies.

9/15/2023

Arm IPO Boosts Tech Stocks and Markets as Inflation Worries Ease

Arm shares surged 25% on its first day of trading on Nasdaq, boosting US stocks, while the European Central Bank's rate decision also contributed to positive market sentiment.

9/15/2023

SoftBank Plays it Safe with Modestly Priced Arm IPO After Recent Losses, Still attracts Big Tech Interest

SoftBank's initial public offering of Arm Holdings was a success, with the shares gaining 25% on their debut, although the company left potential profits on the table by pricing the IPO lower than it could have been.