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The chapter provides updates on US President Joe Biden's decision not to seek re-election, the decline in the tech stock market, and the security deal between China and the Philippines. It also explores the rise of young investors in India's stock market and debates on its sustainability.

Biden says it’s time to ‘pass on the torch’, China and the Philippines struck a deal to reduce tensions in the South China Sea, and the Nasdaq composite fell 3.6 per cent yesterday. Plus, the FT’s Chris Kay explains how young investors are gambling on Indian stocks.

Mentioned in this podcast:

The flashpoints that threaten a détente between China and the Philippines

Beijing and Manila strike deal to reduce tensions in South China Sea

US stocks sink after Big Tech earnings disappoint

The young investors gambling on Indian stocks

Credit: ABC NEWS

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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