Guangzhou Automobile Group or GAC's (HKG:2238, SHA:601238) total sales jumped 8.2% to 127,330 units in May from 117,698 units a year ago, according to a Wednesday filing with the Hong Kong bourse.
Production for the month slipped 4.6% to 122,675 units from 128,570 units in the prior year.
For the first five months of 2026, sales and output climbed 3.8% and 0.5% year over year to 628,219 vehicles and 651,372 units, respectively.
Country Garden (HKG:2007) recorded attributable contracted sales of around 2.63 billion yuan in May, according to a Wednesday filing with the Hong Kong bourse.The property firm's gross floor area stood at approximately 330,000 square meters for the month.
SM Prime (PSE:SMPH) has deferred its planned fourth tranche of fixed-rate bonds worth up to 12 billion Philippine pesos, citing current unfavorable market conditions.The offer, which also included an oversubscription option of up to 6 billion pesos, comprised 5.75-year and 10-year bond series originally set for issuance in 2026, according to a Wednesday Philippines bourse filing.The property developer will provide updates on any future plans for the bond issuance in line with regulatory disclosure requirements, it added.
Indian equities fell on Wednesday, as IT stocks lost steam, heightened tensions in the Middle East led to rising oil prices, and foreign institutional investor outflows weighed on sentiment.The BSE Sensex slipped 0.4%, or 303.67 points, to finish Wednesday's session at 74,346.17. Likewise, the NSE Nifty 50 tumbled 0.3%, or 77.95 points, to 23,405.60.Investor sentiment dampened as ongoing tensions between the U.S. and Iran led to an increase in oil prices, fueling energy-related pressures, according to a report by The Times of India.Additionally, many IT heavyweights, which had led Tuesday's rally, posted sharp declines.Among the top losers were Tata Consultancy Services (NSE:TCS, BOM:532540), Tech Mahindra (NSE:TECHM, BOM:532755), and HCL Technologies (NSE:HCLTECH, BOM:532281), which plunged over 8%, 6%, and 5%, respectively.Apollo Hospitals Enterprise (NSE:APOLLOHOSP, BOM:508869) led gainers for the day, posting a rise of nearly 3%. Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) and InterGlobe Aviation (NSE:INDIGO, BOM:539448) were down around 2% each at the day's close.In corporate news, Bajel Projects (NSE:BAJEL, BOM:544042) bagged a mega engineering, procurement, and construction order for a GIS substation from a data center client in Mumbai. Shares closed 3% higher.Elsewhere, IndiGo, operated by InterGlobe Aviation, said it will discontinue flight operations to and from Manchester effective Aug. 31 amid prolonged airspace restrictions, longer flight times, and higher operating costs.