FINWIRES · TerminalLIVE
FINWIRES

South Korean Shares Open at New High on US-Iran Ceasefire Extension

-- South Korean shares opened at a fresh high on Thursday, as investor optimism rose after the U.S.-Iran ceasefire was extended indefinitely, while SK Hynix's (KRX:000660) stellar first-quarter earnings buoyed sentiment.

The benchmark Korea Composite Stock Price Index, or Kospi, gained 1.1%, or 70.9 points, to open at 6,488.83. The Kosdaq, on the other hand, declined marginally, opening at 1,189.10.

Shares of SK Hynix were up nearly 1% in Thursday morning trade after the company posted Q1 net income attributable to shareholders of 40.330 trillion won, up 398% from 8.107 trillion won a year earlier.

The South Korean chipmaker's sales jumped 198% year over year to 52.576 trillion won from 17.639 trillion won.

Related Articles

Asia

Hong Kong Regulator Reaches HK$1 Billion Compensation Deal With PwC Over Evergrande

Hong Kong's Securities and Futures Commission has reached an agreement with PricewaterhouseCoopers Hong Kong under which the auditor will set aside HK$1 billion to compensate eligible minority shareholders of China Evergrande (HKG:3333), according to a statement on Thursday.The regulator found Evergrande had materially overstated revenue and profits in 2019 and 2020, while PwC failed to meet auditing standards, including maintaining independence and verifying key financial information.The agreement resolves the matter without admission of liability, and the SFC will take no further action against PwC if the terms are fulfilled.The compensation will be distributed to eligible shareholders through an independent process to be announced later, the regulator said.

$^HSI$HKG:3333
Asia

Bank of Shanghai's Q1 Profit Rises 1%, Revenue Jumps 4%

Bank of Shanghai's (SHA:601229) net profit attributable to shareholders in the first quarter rose 0.7% to 6.33 billion yuan from 6.29 billion yuan, according to a Shanghai bourse filing on Friday.Earnings per share stayed flat year on year at 0.39 yuan.Operating revenue jumped 4.3% to 14.2 billion yuan from 13.6 billion yuan in the preceding year.

$SHA:601229
Asia

Qoria Reports Nearly AU$8 Million in Annual Recurring Revenue in March Quarter; Shares Hit Two-Year Low

Qoria (ASX:QOR) reported AU$7.6 million in annual recurring revenue (ARR) in the March quarter, up 49% from a year earlier, according to a Friday Australian bourse filing.The company said net ARR additions stood at AU$6 million, up 62%, bringing the exit ARR to AU$151 million. Total subscriptions reached 810,000, up from 639,000 a year earlier.Qoria reiterated its fiscal 2026 guidance of more than AU$145 million in revenue, ARR growth of over 20%, and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of about 20%.Qoria and Aura continue to target ARR growth of more than 20% this year, with the group expected to be free cash flow-positive from closing to Dec. 31, per the filing.The company's shares fell 18% in recent Friday trade and earlier reached their lowest since February 2024.

$ASX:QOR