Rainmed Medical (HKG:2297) said Zhu Zeke resigned as the company's joint chief executive to focus on family matters, according to a Monday filing with the Hong Kong bourse.
Shares of the medical instrument company gained nearly 6% in morning trade Tuesday.
Cyberdyne (TYO:7779) has entered into a strategic business alliance with Silicon Valley-based global venture capital firm Pegasus Tech Ventures, establishing a 10 billion yen investment fund to jointly promote strategic investments in the Cybernics industry, according to a Tokyo bourse filing on Monday.The fund, named Pegasus Tech Ventures, was established on March 30, with Cyberdyne contributing 99.9% as a Limited Partner and Pegasus holding 0.1% as the General Partner over a 10-year investment period starting June 1.Through this partnership, Cyberdyne aims to strengthen access to promising startups and advanced technologies worldwide, accelerating the development of HCPS Cybernics with Physical AI, a human-centered approach that fuses biological systems, medical systems, AI, robotics, and information systems.The alliance forms part of Cyberdyne's broader growth strategy to create global business opportunities and expand its presence in the Cybernics industry, which the company envisions as a new core industry following robotics and IT.
South Korea's equity market surpassed India to become the world's sixth-largest stock market, owing to a surge in semiconductor stocks, Bloomberg News reported Tuesday.The total market capitalization of South Korea-listed firms jumped 86% so far in 2026 to $5 trillion, while the Indian stock market's total capitalization has decreased to $4.8 trillion, the report said.Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), both now valued at over $1 trillion, fueled the country's stock market rally through their dominance in AI memory chips, the report said.This helped the Korea Composite Stock Price Index or Kospi, more than double so far this year and pushed South Korea ahead of Canada, Germany, the UK, and France in terms of market capitalization, Bloomberg said.Despite South Korea's larger stock market, India's economy remains considerably bigger at $4.15 trillion as compared to the former's $1.93 trillion, the report said, citing International Monetary Fund estimates.Shares of Samsung Electronics rose 1% while those of SK Hynix declined nearly 3% in recent trade.(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.)
(Updates with the stock movement in the headline and last paragraph)Heartland Group Holdings (ASX:HGH, NZE:HGH) entered into a conditional merger implementation agreement to acquire TSB Bank from Toi Foundation for NZ$620 million, with the transaction to result in the merger of Heartland Bank and TSB into a new entity, TSB Heartland Bank, according to Tuesday filings with the Australian and New Zealand bourses.The aggregate consideration paid to Toi Foundation represents 76% of TSB's book value and comprises ordinary equity in Heartland giving Toi Foundation a 17.5% stake, a pre-completion cash dividend from TSB, a vendor loan to Heartland, and a Tier 2 capital subscription in Heartland Bank, per the filing.The company anticipates around NZ$34 million in annual pre-tax synergies once fully realized, which are expected to enhance earnings and support dividend growth prospects, the filing said.The transaction, expected to close in December, is still contingent on shareholder approval, regulatory approvals, and consultation with the Taranaki community, the filing added.Heartland's shares jumped 12% in recent Tuesday trade on the Australian bourse, while its shares on the New Zealand bourse gained 11%.