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Hwatsing Technology's Attributable Profit Rises 6% in Q1
Hwatsing Technology's (SHA:688120) attributable profit rose 6% to 247.3 million yuan in the first quarter from 233.4 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the semiconductor equipment product manufacturer increased 6% to 0.70 yuan from 0.66 yuan in the prior-year period.Operating income grew 32% year over year to 1.20 billion yuan from 912.5 million yuan.
Market Chatter: Nvidia H200 Chip Sales to China Stall Amid Policy Tensions
Nvidia's H200 AI chips have yet to reach Chinese buyers, with U.S. Commerce Secretary Howard Lutnick saying Beijing has not approved purchases as it prioritizes domestic industry investments, Reuters reported Wednesday.Despite conditional clearance from Donald Trump's administration, disagreements on both sides have delayed shipments, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Prudential Buys Back Shares
Prudential (SGX:K6S, HKG:2378) bought back 277,659 shares in London on Wednesday at an average price of about 11.27 pounds sterling apiece, according to a Thursday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.