Shanghai International Port (SHA:600018) expects its container throughput in May to have risen 3% year on year to 4.8 million TEUs, or twenty-foot equivalent units, according to a Shanghai bourse filing on Thursday.
Cargo throughput for the same month is also expected to have declined 2.1% to 513 million tons from a year earlier.
The Chinese port operator's shares slipped 1% at the close.
Dongkuk Structures & Construction (KOSDAQ:100130) secured a wind turbine supply order from Vestas Manufacturing, according to a Thursday filing with the Korea Exchange.The contract, valued at 31.6 billion won, is valid till Aug. 5, 2027.Shares of Dongkuk Structures & Construction jumped nearly 9% at market close.
The weakening of the Indonesian currency toward 18,000 rupiah per U.S. dollar does not reflect worsening government finances, The Jakarta Globe reported Thursday, citing Finance Minister Purbaya Yudhi Sadewa.Purbaya dismissed concerns that the government's recent fiscal policies were reckless while speaking to reporters.He supported his claim with state budget figures, stating that the budget deficit dropped to roughly 0.7% of GDP and tax revenue increased over 22% from a year prior, the newswire reported.The deterioration of the rupiah has instead been a result of market sentiment and speculation, Purbaya reportedly said.He also pushed back on rumored instructions to banks to carry out stress tests if the currency goes below the 18,000 rupiah per U.S. dollar mark, 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.)
The Japanese central bank's officers could look into a quarter-percentage-point rise in the policy rate in June, Bloomberg News reported Thursday, citing people familiar with the matter.If pursued, the move could raise the benchmark interest rate to 1% at the central bank officials' meeting between June 15 and 16, according to the report's sources.Another rate increase is also possible later this year, given still-low real interest rates and lingering upside inflation risks, the newswire's sources said.A rate increase could meet some resistance, although this will not be enough to prevent the move, the report cited the people as saying.Bank of Japan officials will also reconsider plans to reduce bond purchases, as they see less need to do so at the current pace, the report's sources said.The yen performed better after the report, briefly hitting 159.61 against the dollar after floating above 160 earlier in the day, Bloomberg 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.)