Utilities stocks advanced 2% at midday Monday.
Origin Energy (ASX:ORG) gained 3% in recent trade.
On the flip side, the energy sector struggled, shedding more than 1%.
Woodside Energy Group (ASX:WDS) shares were down nearly 2% in recent trade.
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Asia
HD-Hyundai Marine Engine Enters KRW47.5 Billion Sales Contract
HD-Hyundai Marine Engine (KRX:071970) entered into a sales/supply contract worth 47.5 billion won with XIAMEN XMXYG SHIPBUILDING TRADING.The agreement became effective Friday and will expire Aug. 23, 2029.
KRX:071970
Asia
MediaTek's Consolidated Net Income Falls 12% in Q2
MediaTek's (TPE:2454) consolidated net income in the second quarter fell 12% year on year to NT$24.6 billion.Earnings per share in the quarter ended June 30 slipped to NT$15.28 from NT$17.50 a year earlier, according to a Friday filing.Revenue of the chip supplier in Q2 climbed 1.2% year over year to NT$152.2 billion.The company expects to post a consolidated revenue of around NT$152.2 billion to 159.8 billion in the third quarter.
TPE:2454
Asia
Xinyi Glass' Profit Climbs 17% in H1
Xinyi Glass (HKG:0868) recorded a 17% rise in attributable profit to 1.19 billion yuan for the first half of 2026 from 1.01 billion yuan a year prior.Earnings per share rose to 0.2672 yuan from 0.2325 previously, according to a Friday Hong Kong bourse filing.Revenue declined 3.1% to 9.52 billion yuan from 9.82 billion yuan in the year-ago period, mainly due to a drop in the average selling prices of float glass products.The glass manufacturing company declared an interim dividend of HK$0.15 per share for the period, payable on or around Sept. 30 to shareholders of record as of Aug. 19.
HKG:0868