Issuers raised US$7.4 billion in convertibles in early 2026, nearly half of last year’s total, as they rushed to lock in high share prices.

World No 1 Scottie Scheffler made a strong move towards the top and created considerable buzz on the final day in Arizona.

Hong Kong stocks rose alongside other markets in Asia, as sentiment towards global risk assets stabilised and the victory of Japan’s ruling party in the parliamentary election boosted risk appetite.