Asia needs $1 trillion investment annually for next 15 years to boost energy security, McKinsey says (Reuters)

Hedge Funds Pile Into Shorts, Goldman Sachs Across global equities, Goldman Sachs Group Inc.’s prime brokerage desk says short sales have exceeded long purchases by a ratio of roughly five to one. Short leverage across its book sits in the 99th percentile over the past five years. Net leverage among fundamental long/short funds, a gauge of how much long exposure exceeds shorts, is near a three-year low, despite a rise in gross leverage. The retreat follows a sharp unwind in the AI trade. A hotter-than-expected US inflation print and renewed doubts over the payoff from heavy spending on AI capacity have triggered selling in semiconductor and infrastructure names, extending a rout that began with Asian memory stocks.