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Japan
ASX Midday Sector Update: Real Estate Stocks Marginally Higher, Information Technology Falls
Real estate stocks were marginally higher in midday trading Friday, as all other sectors flashed red amid continued uncertainty surrounding the US-Iran ceasefire and the passage of oil through the Strait of Hormuz.Shares of GPT Group (ASX:GPT) rose less than 1% after the company said it continues to expect full-year 2026 funds from operations of about AU$0.354 per security, representing growth of roughly 4%.Information technology stocks fell 3% to lead broader declines, followed closely by energy stocks, which were down 2%.NOVONIX (ASX:NVX) was up almost 4% after saying the US Government has certified its Riverside project in connection with $103 million in tax credits previously allocated under the Advanced Energy Project Credit Program.
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Japan
NZX Midday Sector Update: Commercial Services Advance, Technology Services Decline
Commercial services shares gained the most on the New Zealand Exchange, rising 1% by midday Friday.PGG Wrightson (NZE:PGW) gained more than 1% in recent trade.Meanwhile, technology services shares fell past 2%.Westpac Banking (NZE:WBC, ASX:WBC) was down almost 4% in recent trade.
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Japan
South Korean Shares Open Higher Ahead of US-Iran Ceasefire Talks in Islamabad
South Korean shares started the trading day on a higher note on Friday as Iran and the US gear up for ceasefire talks in Pakistan's Islamabad later in the day.The benchmark Korea Composite Stock Price Index, or Kospi, rose 98.11 points or 1.69% to open at 5,876.12. The KOSDAQ also increased 13.14 points or 1.22% to start trading at 1,089.14.Iran continues to tighten control over the Strait of Hormuz, requiring vessels to seek transit permission, while US President Donald Trump warned against imposing tolls on oil tankers.Tehran accused the US of breaching the ceasefire agreement by allowing Israel's attacks on Lebanon, which the White House refuted. Meanwhile, the US is planning to host talks aimed at securing a Lebanon-Israel truce.Israel's Prime Minister Benjamin Netanyahu said Israel seeks direct talks with Lebanon on disarming Tehran-backed Hezbollah and enforcing peace ties, adding that no ceasefire is in place. Lebanese officials said no formal invitation for talks has been received and stressed there will be "no negotiations under fire."
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