Samsung AI Profits Surge 34%, CICT's Billion-Dollar Streak, ASX Slips | May 3, 2026

Executive Summary

Today’s market highlights include Samsung’s remarkable achievement of a 34% monthly profit in American AI optical communication technology, signaling a strong demand for innovative solutions. Meanwhile, CICT's CEO Tan Choon Siang celebrates a successful first year marked by a series of billion-dollar deals, showcasing a vibrant startup ecosystem. On the stock market front, the ASX is anticipated to slip as Wall Street continues its record-setting run amid rising investor confidence and anticipation of key political meetings.

Startups — 6 articles

CICT's string of billion-dollar deals underlines a strong momentum in the startup space, driven by entrepreneurial leadership and innovation.

• CICT’s Tan Choon Siang marks first year with billion-dollar deal streak — Business Times (SG)
• China’s Manus block a show of strength ahead of Xi-Trump summit — ChinaMorningPost (CN)
• Israël acquiert de nouveaux escadrons de chasseurs F-35 et F-15IA pour « assurer sa supériorité » — El Nuevo Diario (DO)
• Monterra Developments launches EGP 25bn Monterra Bay in Egyptian-Russian partnership — DailyNewsEgypt (EG)
• Anderton partnership remains a winner — Otago Daily Times (NZ)

Markets — 3 articles

The ASX's expected decline amidst Wall Street's gains highlights the volatility in global markets as investors respond to geopolitical developments.

• Aux USA, un avion Boeing 767 a heurté un lampadaire et un camion à l'atterrissage — RG.ru Rossiyskaya Gazeta (RU)
• China’s Manus block a show of strength ahead of Xi-Trump summit — ChinaMorningPost (CN)
• ASX set to slip, Wall Street sets more records — Brisbane Times (AU)

Business — 9 articles

Samsung’s robust earnings in the AI sector illustrate the lucrative opportunities emerging in technology, while strategic partnerships are reshaping supply chains.

• Samsung Management, KODEX American AI Optical Communication Network, taux de profit de 34 % par mois après la cotation — eDaily (KR)
• Dassault Systèmes SE 2026 Q1 - Results - Earnings Call Presentation — Seeking Alpha (US)
• Eximbank partners with ADB to finance critical minerals supply chain — The Korea Herald (KR)
• China’s Manus block a show of strength ahead of Xi-Trump summit — ChinaMorningPost (CN)
• ASX set to slip, Wall Street sets more records — Brisbane Times (AU)