Materials stocks advanced nearly 4% at midday Monday.
BHP Group (ASX:BHP) gained more than 3% in recent trade.
On the flip side, the energy sector struggled, shedding almost 4%.
Woodside Energy Group (ASX:WDS) shares were down nearly 4% in recent trade after confirming it is not engaged in discussions on a potential acquisition with Exxon Mobil.
Asia Commercial (HKG:0104) expects a net profit of at least HK$39 million for the year ended March 31, up from HK$24 million a year prior, according to a Friday Hong Kong bourse filing.The watch seller attributed the forecast to a reduction in fair value losses on investment properties.
Central Plains Environment Protection (SHE:000544) wholly-owned subsidiary Zhengzhou Xinhong Reclaimed Water Resources Development and Utilization will invest 10 million yuan to establish a clean energy supply company.The newly-established company will utilize local reclaimed water, geothermal, and other resources, according to a Friday filing with the Shenzhen bourse.
OKG Technology (HKG:1499) expects an attributable loss of at least HK$20 million for the year ended March 31, compared with HK$15.8 million a year prior, according to a Friday Hong Kong bourse filing.The construction engineering company attributed the forecast to a lower revenue from the foundation, building construction work, and ancillary services segment.