SCMP

Cafe de Coral became the first Hong Kong food chain to go public in 1986, with its shares trading up to $1.35 on July 16, 1986, and recording the highest trading volume of the day. The market activity was described as subdued compared to the previous hectic trading sessions.

Technology stocks have gained popularity among China’s retail investors, including elderly individuals, who are investing in chipmakers and AI developers due to confidence in the nation’s tech sector. A 70s-era investor cited government support for technological development as a key factor driving this trend.

The article highlights seven Asia-related stories, including a Thai beer heir's openness and the Philippine ube's purple gold rush. It also mentions the US approval of a $22.3 million missile sale to Singapore.

Chinese technology has made desalinating seawater cheaper than producing bottled water, offering a potential breakthrough in water treatment. The article highlights this advancement as part of SCMP’s weekly news highlights.

Taiwan is collaborating with a US dronemaker to develop military drone systems despite budget cuts to its drone production program. China's dominance in the global drone supply chain has prompted Taiwan to build a domestic ecosystem, though its industry faces challenges. A Chinese defense contractor recently showcased its drone manufacturing process at an overseas exhibition, potentially targeting Middle Eastern markets.

Thousands evacuated in the Philippines after Mount Pinatubo erupted on June 12, 1991, with residents like Theresita Santiago fleeing to Olongapo City. The eruption produced a volcanic plume reaching 25km in height.

Japan is concerned about Russia's growing military activity, prompting calls for stronger defenses. Businesses are shifting from Singapore to Malaysia due to rising costs in Singapore.