Kioxia Holdings (TYO:285A) will prepare to list American depositary shares representing its common stock on a U.S. exchange, according to a Friday filing on the Tokyo Stock Exchange.
The company said the plan remains subject to regulatory approval and that details, including timing, venue and structure, have not yet been decided, adding it may discontinue the process depending on conditions during preparation.
Malaysia's economy is projected to grow 4.4% in 2026, driven primarily by resilient domestic consumption, though structural labor issues and erratic global trade policies cloud the long-term outlook, Bernama reported Thursday, citing World Bank division director for the Philippines, Malaysia and Brunei, Zafer Mustafaoglu.He said risks include geopolitical tensions, trade uncertainty, financial volatility and weaker global growth, which could weigh on trade and confidence. Zafer added that Malaysia's 5.2% growth in 2025 was driven by strong domestic demand and exports, reflecting resilience despite global headwinds, Bernama said.However, he warned that modest productivity growth despite strong employment is leading to underemployment and limiting wage gains. He stressed that reforms to improve the business environment, access to finance and workforce skills are needed to support high-quality jobs and sustainable income growth, the news outlet said.(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.)
South Korean stocks plunged on Friday, with the Kospi closing below 7,500 points after briefly touching the 8,000-point threshold earlier in the day. Investors rushed to book profits after the historic milestone was achieved.The Kospi had opened slightly lower in the day but quickly rebounded, briefly surpassing the 8,000 mark before sharply reversing. The index later plunged to as low as 7,371.68, triggering a sell-side sidecar around 1:30pm, which was the first such measure since April 2.The Korea Composite Stock Price Index or Kospi decreased by 488.23 points, or 6.1%, to end at 7,493.18. The Kosdaq also declined by 61.27 points, or 5.1%, to close at 1,129.82.In economic news, South Korea's export prices rose 40.8% year-over-year in April, while import prices gained 20.2%, according to preliminary data from the Bank of Korea released on Friday.On a month-on-month basis, the export price index increased 7.1%, while the import price index declined 2.3%, the data showed.The net barter terms of trade index gained 14.3% on-year during the month.In corporate news, Hana Financial Group's (KRX:086790) Hana Bank will acquire 6.55% of crypto exchange operator Dunamu for 1.003 trillion won, the financial group said in a Friday filing with the Korea Exchange.The bank will acquire 2.28 million shares in the target on June 15, which are currently held by Kakao (KRX:035720) subsidiary Kakao Investment. The transaction will be settled in cash, the filing said.Shares of Hana Financial Group fell nearly 6% at market close, while those of Kakao declined over 4%.
Indobell Insulations (BOM:544334) bagged a domestic order worth 13.9 million Indian rupees from Bharat Heavy Electricals (NSE:BHEL, BOM:500103), according to a BSE filing on Friday.The contract is for the supply and application of thermal insulation by July 2027.The company's shares were up nearly 5% in recent trade.