Information technology stocks advanced nearly 3% at midday Tuesday.
Xero (ASX:XRO) gained more than 6% in recent trade.
On the flip side, the real estate sector struggled, shedding nearly 2%.
Goodman Group (ASX:GMG) shares fell nearly 1% in recent trade.
Jinko Solar (SHA:688223) completed the sale of a 75.1% stake in its U.S. factory subsidiary to FH JKV for $191.5 million.The solar panel maker retains a 24.9% stake, and the factory will no longer be consolidated into its financial statements as of June 1, according to a Tuesday filing with the bourse.Shares of the company were down 4% in recent trade.
The Gates Foundation selected Lee's Pharmaceutical (HKG:0950) to receive funding for its synthetic surfactant project, according to a Monday filing with the Hong Kong bourse.The pharmaceutical company's shares gained nearly 2% in morning trade Tuesday.The funding will support the development of the active pharmaceutical ingredient and manufacturing processes for the drug.Long term, the project is meant to bring the life-saving medication to low- and middle-income countries to help premature infants suffering from respiratory distress syndrome.
Stakk (ASX:SKK) confirmed that recent trading in its securities from a high of AU$0.019 from the close of trade Sunday to a high of AU$0.025 on Monday is tied to a new customer contract entered into by its US subsidiary, which was signed over the weekend and disclosed recently, according to a Tuesday filing with the Australian bourse.In its response to the ASX price and volume query letter, the company said it withheld the information from the market using Listing Rule 3.1A, which permits delayed disclosure for incomplete proposals or confidential negotiations, until the contract signing was announced.The company prepared an announcement and sought board approval for its release following the contract execution over the weekend, disclosing it at the first possible opportunity after finalization and approval, per the filing.