FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Explosion at Hanwha Aerospace's Daejeon Factory Kills Five

By

Five people were killed, and another was injured in an explosion at Hanwha Aerospace's (KRX:012450) factory in Daejeon on Monday, The Korea Times said in a same-day report.

The blast occurred around 10:59 am, triggering a fire that emergency crews worked to put out. Authorities are yet to confirm the exact number of casualties, the report said.

Shares of Hanwha Aerospace fell nearly 3% at market close.

(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.)

Related Articles

Asia

Mahindra & Mahindra's Overall Auto Sales Climb 20% in May

Mahindra & Mahindra's (NSE:M&M, BOM:500520) overall auto sales grew 20% year-on-year in May to 99,636 vehicles, according to a Monday filing to the Indian bourses.The company's passenger vehicle sales grew 11% to 58,021 units in May from 52,431 units sold a year earlier.Of the total, total exports were up 37% year-on-year in May at 5,000 units from 3,646 units.In a separate filing, the company said its tractor sales were up 22% at 49,695 units in May from 40,643 units a year ago. Domestic tractor sales were up 23% over the previous year to 47,845 units in the reported month, while exports grew 7% to 1,850 units.The company's shares were down over 1% in recent trade.

$BOM:500520$NSE:M&M
Asia

Delpha Construction to Raise Up to NT$900 Million via Bond Issue

Delpha Construction (TPE:2530) approved the issue of its fifth domestic unsecured convertible bonds, targeting up to NT$900 million, according to a Monday Taiwan Exchange filing.The bonds will have a three-year tenor and carry a 0% coupon rate, with a tentative minimum issue price set at not less than 100% of face value.Final issuance size will be determined through a competitive auction process, according to the statement.Proceeds from the offering will be used to strengthen working capital, the company said.The bonds will be underwritten via public auction, with Taiwan Cooperative Bank acting as trustee and Taishin Securities as underwriter.

$TPE:2530
Asia

Chinese Shares Fall as Factory Activity Disappoints; Advanced Micro-Fabrication Equipment China Down 8%

Chinese shares were down on Monday as factory activity came lower than consensus estimates.The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.3% to 4,057.74. The Shenzhen Component Index fell 1.5% to 15,340.36.Factory activity in China was flat in May, with the official purchasing managers' index falling to a neutral 50 from 50.3 in April. The latest print marked the lowest in three months and came in lower than the 50.2 consensus estimate from Investing.com.Meanwhile, services activity recovered in May, with the official non-purchasing managers' index rising to 50.1 from 49.4 in April. The latest reading in the index, which measures activity in the services and construction sectors, is higher than the 49.5 consensus estimate on Investing.com.Advanced Micro-Fabrication Equipment China (SHA:688012) completed the acquisition of a 64.69% stake in Hangzhou Zhonggui Electronic Technology, moving forward with its share-and-cash acquisition plan. Shares of the chip gear maker closed 8% lower Monday.

$^SSEC$^SZSE