Consumer durables shares gained the most on New Zealand's Exchange, rising almost 4% on Thursday.
Shares of KMD Brands (NZE:KMD, ASX:KMD) rose nearly 4% in recent trade.
Meanwhile, miscellaneous shares fell by more than 2%.
Shares of Marlin Global (NZE:MLN) drove the decline, falling past 1% in recent trade.
Everest Medicines' (HKG:1952) honorary chairman and substantial shareholder, Wei Fu, increased his stake in the company via the purchase of shares, according to a Thursday filing with the Hong Kong bourse.The 690,000 shares were acquired from the open market on June 3 for about HK$20 million at an average price of about HK$28.93 apiece.
Sumitomo Mitsui Financial Group (TYO:8316) aims to double its sales and trading revenue to 800 billion yen within a few years, Reuters reported on Thursday, citing Arihiro Nagata, head of SMFG's global markets division.Nagata said current revenue stands at roughly 400 billion yen, adding that doubling that figure is achievable conservatively within six years, fueled by rising interest rates, currency volatility, and record-high Japanese stock prices, the news wire said.The target reflects Sumitomo Mitsui Financial's effort to catch up with rivals that expanded their market businesses as Japan's interest rates normalize after decades of deflation, the publication said.Demand for JGBs, yen swaps, and Japanese stocks, including from overseas investors, is surging as the 10-year yield hit a 30-year high of 2.8% and the Nikkei closed above 68,000 for the first time, the report 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.)
Hong Kong's Exchange Fund is seeking investment managers for a mandate tied to the S&P 500 Index, Bloomberg News reported Wednesday, citing people familiar with the matter.The HK$4.3 trillion fund has been reviewing proposals in recent months and is looking for a low-tracking-error strategy that closely mirrors the benchmark's performance, according to the report.Bloomberg said the mandate forms part of the fund's manager review process, with the size of any allocation yet to be determined.The Exchange Fund is managed by the Hong Kong Monetary Authority.(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.)