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Japan
ASX Midday Sector Update: Energy Stocks Gain, Materials Struggle
Energy stocks led gainers with a rise of 2.6% in midday trading Wednesday as oil prices advanced more than 2%.Woodside Energy (ASX:WDS) gained nearly 3%, and Santos (ASX:STO) jumped almost 5%.Most other sectors were lower, however, with materials shedding 2.4% to lead decliners.BHP Group (ASX:BHP) fell about 3%, and Rio Tinto Group (ASX:RIO) retreated past 2%.
ASX 200ASX:BHPASX:RIOASX:STOASX:WDS
Japan
NZX Midday Sector Update: Energy Minerals Advance, Consumer Non-Durables Decline
Energy minerals shares gained the most on New Zealand's Exchange, rising nearly 1% by midday Wednesday.Shares of Channel Infrastructure (NZE:CHI, ASX:CHI) rose almost 1% in recent trade.The company's two refurbished tanks at Northland's Marsden Point, which will store New Zealand's strategic diesel supply, are officially in use, following an event attended by Prime Minister Christopher Luxon and senior government ministers to mark the completion and recommissioning of the tanks, according to a Tuesday government statement.Meanwhile, consumer non-durables sector shares fell past 2%.a2 Milk Company (NZE:ATM, ASX:A2M) was down 5% in recent trade.The company on Tuesday said China infant milk formula supply disruptions weighed heavily on fourth-quarter sales, with fiscal 2026 China label infant milk formula sales declining about 14% year on year amid demand surges, freight challenges, production delays, and regulatory changes.
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Japan
Singapore Shares Open Flat as Investors Await Fed Minutes
Singapore shares opened flat on Wednesday, tracking overnight losses on Wall Street as market participants remained cautious about the momentum of the AI-driven rally and awaited fresh signals from the U.S. Federal Reserve.The STI, a key benchmark for the Singapore Exchange, rose marginally in early trade by 0.02%, or 1.11 points, to open at 5,343.360.Sentiment remained subdued after the tech-heavy Nasdaq Composite led overnight losses on Wall Street, declining 1.16% as semiconductor stocks came under pressure despite stronger-than-expected earnings from South Korean chipmaker Samsung Electronics (KRX:005930). The broader S&P 500 slipped 0.45%, while the Dow Jones Industrial Average fell 0.25% at market close on Tuesday.Investors are awaiting the release of the Federal Reserve's June meeting minutes on Wednesday, the first chaired by Kevin Warsh, for additional insight into the interest rate outlook ahead of the Federal Open Market Committee's (FOMC) July 28-29 policy meeting.
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