Wuhan Changjin Photonics Technology (SHA:688635) shares opened at 530.00 yuan apiece on their first day of trading on the Shanghai Stock Exchange.
This marked a 1,193% jump from the electronic components manufacturer's initial public offering price of 40.98 yuan apiece.
Apeejay Surrendra Park Hotels' (NSE:PARKHOTELS, BOM:544111) attributable income in the fiscal fourth quarter ended March 31 declined sharply to 118.8 million Indian rupees from 265.8 million rupees a year ago.Earnings per share contracted to 0.56 rupees from 1.25 rupees a year earlier, the hospitality company said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4, however, increased to 1.84 billion rupees from 1.77 billion rupees a year ago.The company's board recommended a final dividend of 0.75 rupees per fully paid-up equity share of face value 1 rupee each for the financial year 2025-26.
The consumer durables shares gained the most on New Zealand's Exchange, rising almost 11% on Wednesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose nearly 14% in recent trade.The company on Wednesday reported a 5.2% jump in third-quarter sales, helped by strength in its flagship Kathmandu segment, even as its footwear business Oboz saw a decline amid geopolitical and market tensions.On the flip side, the finance sector struggled, shedding almost 3%.Shares of ANZ Group Holdings (NZE:ANZ, ASX:ANZ) dropped by more than 4% in recent trade.
South Korean stocks opened at a new high on Wednesday, led by gains made by semiconductor shares as investors assessed renewed Middle East tensions alongside efforts toward a peace agreement between the U.S. and Iran.The benchmark Korea Composite Stock Price Index, or Kospi, rose 2.4%, or 194.61 points, to open at 8,242.12. The Kosdaq increased 0.1%, or 1.28 points, to open at 1,173.80.Shares of key market-moving chip stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added over 6% and 9% in recent trade.Iran said Tuesday that the U.S. violated a ceasefire by striking targets near the Strait of Hormuz, raising concerns over efforts to end the military conflict. Meanwhile, U.S. Secretary of State Marco Rubio said a deal to halt the war could take "a few days" despite earlier signs of progress in talks to restore shipping through the strategic waterway.