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Core infrastructure output rises 5% in June, hits 5-month high

The robust growth in these industries offset weaker performance in other sectors. Output declined in crude oil, natural gas, refinery products and fertilisers during the month, highlighting the uneven nature of the recovery across the core industries.

Micron briefly surpasses Meta and Tesla in market value

Micron Technology briefly overtook Meta Platforms and Tesla by market capitalisation on Thursday after the US memory-chip maker delivered stronger-than-expected quarterly guidance, reinforcing investor confidence in the artificial intelligence (AI) infrastructure boom and soaring demand for memory chips.