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Asia

Market Chatter: China's Dreame Technology Explores Hong Kong Listing

Chinese robot appliance maker Dreame Technology is considering a Hong Kong listing that could raise several hundred million dollars, Bloomberg reported Friday, citing people familiar with the matter.The firm has hired advisers for the potential listing, though deliberations are ongoing and details may change, 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.)

Hang SengShanghai Composite^SZSE
Asia

AcroMeta Group Launches AI Trading Platform in China

AcroMeta Group (SGX:43F) launched an AI trading platform in China, dubbed ZhiMao, through a strategic alignment between its subsidiary, AcroMeta Lifestyle, and Shenzhen Shenwel Zhimao Technology, according to a Thursday filing with the Singapore Exchange.Under the agreement, Shenzhen Shenwel will be an exclusive operating entity for ZhiMao and ProcureRadar AI and will handle client acquisition, business development and regional partnerships.Back in April, a joint venture was formalized between the two parties, followed by an initial trial phase across China and Malaysia, with 182 customers onboarded.

Shanghai CompositeSGX:43F
International

World Bank Trims 2026 Growth Forecast for China to 4.2%

The World Bank trimmed its 2026 forecast for China to 4.2% on lower domestic demand and consumer confidence, according to a report released Thursday.The reading in June is 0.2 percentage points lower than the 4.4% growth forecast in January.The multilateral lender also attributed the downward forecast to continued property sector adjustment and a decline in the labor force.

Shanghai Composite^SZSE
World Bank Cuts Growth Forecasts for Japan, China as Middle East Conflict Weighs on Asia
US Markets

World Bank Cuts Growth Forecasts for Japan, China as Middle East Conflict Weighs on Asia

The World Bank trimmed its 2026 growth forecasts for Japan and China on Thursday, citing rising energy prices, disrupted trade, and weakening demand stemming from the conflict in the Middle East.Global growth is forecast to slow to 2.5% in 2026, down from 2.9% in 2025, the weakest pace since the onset of the COVID-19 pandemic, according to the organization's June 2026 Global Economic Prospects report.The World Bank cut its 2026 growth forecast for Japan to 0.7% from its January estimate of 0.8% as rising energy prices weigh on consumption and exports. In 2025, the economy grew by an estimated 1.1%.GDP growth is expected to recover modestly to 0.9% in 2027 before easing again to 0.8% in 2028 as domestic demand improves on the back of lower inflation and higher wages.Meanwhile, growth in East Asia and the Pacific is projected to moderate to 4.2% in 2026 from 5% in 2025, with China's deceleration driven by subdued domestic demand amid low consumer confidence, the continued property sector adjustment, and a soft labor market, the World Bank said.Growth in China is projected to ease to 4.2% in 2026 from the estimated 5% increase in 2025. The latest forecast is down from the 4.4% estimate the World Bank issued in January.Momentum is expected to accelerate to 4.3% in 2027 before decelerating again in 2028 to 4.2%, "as energy prices ease while diminishing returns to capital, high debt, and demographic pressures continue to lower China's potential growth."Elsewhere, in South Asia, growth is projected to soften to 6.3% in 2026 from 7% in 2025, mainly reflecting the adverse impact of the Middle East conflict, including shortages of energy and agricultural products that put upward pressure on energy and food prices, according to the World Bank.However, the latest forecast for the region was up from 6.2% in January.Growth in India is projected to moderate to 6.6% in fiscal year 2026/27 from 7.7% in 2025, reflecting a slowdown in private demand growth as a result of higher energy prices and other input costs, though a reduction in Goods and Services Tax rates is expected to provide some support for consumer spending.In January, the World Bank estimated India's GDP growth for 2026 at 6.5%."Developing countries have faced a series of challenges over the last decade," said Ajay Banga, President of the World Bank Group."In response to the current shock, we are providing liquidity where it is needed now - and we are ready with additional financing, guarantees, and private-sector solutions if pressures deepen. Our job is to help countries steady the ship, keep reforms moving, and emerge stronger on the other side."Brent crude oil prices are projected to average $94 a barrel in 2026, 36% above 2025 levels, assuming that shipping through the Strait of Hormuz remains severely disrupted through July, the World Bank said.The institution warned that if energy supply disruptions prove more severe than currently assumed and are exacerbated by substantial financial stress, global growth could fall to 1.3% in 2026, with inflation forecast to rise to 4.4%.

^BSENikkei 225^NSENifty 50Shanghai Composite^SZSE
International

World Bank Forecasts Slower East Asia-Pacific Growth in 2026

The World Bank lowered its 2026 economic growth forecast for the East Asia and Pacific region as the conflict in the Middle East raises energy costs, disrupts supply chains, and weighs on external demand.The international organization said it expects growth in East Asia and the Pacific to moderate to 4.2% in 2026 from 5.0% in 2025, according to its Global Economic Prospects report released Thursday.Growth in the region is projected to edge up to 4.3% in 2027 and 2028 as energy prices ease and geopolitical uncertainty diminishes.Excluding China, economic growth is forecast at 4.4% in 2026, down from 4.8% in 2025, before improving to 4.9% in 2027 and 2028.

Hang Seng^JKSEFTSE Bursa Malaysia KLCI^PSEI^SETShanghai Composite^SZSE
Asia

Market Chatter: Asia May Face Stagflation Amid Middle East Crisis, ADB President Says

With the war in the Middle East driving up inflation in global economies, Asian economies are at risk of stagflation, Nikkei Asia reported Thursday, citing Asian Development Bank President Masato Kanda.As inflation pressures mount, "There is now a risk of stagflation spiral" due to "declines in demand through lower real wages, and increases in debt burdens from higher interest rates," Kanda told the news outlet on the sidelines of Nikkei's annual Future of Asia forum.According to Kanda, higher shipping, energy, and input costs will lead to a further rise in consumer prices in Asia. There was a risk that the supply chain system would "physically stop functioning," he said.Asian countries are especially impacted by the energy crisis arising from the Middle East war, as they are highly dependent on energy imports that come in through the Strait of Hormuz, the report added."In addition to diversification of the destination of oil and gas, accelerated use of renewable energy and safe nuclear power, as well as stronger energy saving, should have been promoted," Kanda 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.)

^BSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSENifty 50^PSEI^SETShanghai Composite^SZSETaiwan Weighted
Asia

Bank Indonesia, China's Central Bank Strengthen Currency Swap Cooperation

The central banks of Indonesia and China agreed to explore expanding the size of their bilateral currency swap arrangement, as well as reaffirmed their commitment to increasing the use of local currencies in bilateral transactions.To that effect, a memorandum of understanding on local currency transactions involving Bank Indonesia, the People's Bank of China and the Hong Kong Monetary Authority was signed, according to a Thursday release by Bank Indonesia. The agreement aims to promote the use of local currencies in trade and investment, improve transaction efficiency, and support deeper regional financial integration.The two central banks also launched the Indonesia-China cross-border QR payment system, while Bank Mandiri (IDX:BMRI) was designated as a direct participant in China's Cross-border Interbank Payment System to streamline clearing and settlement processes.Bank Indonesia and the People's Bank of China also signed another MoU to establish a Renminbi clearing arrangement in Indonesia, which is expected to ensure sufficient liquidity for trade, investment and financial activities.

^JKSEShanghai Composite^SZSEIDX:BMRI
International

Tech-Sector, Persian Gulf Roil Asian Stock Markets

Asian stock markets churned on Thursday, as traders viewed tech-sector gyrations and fresh hostilities in the Persian Gulf.Tokyo inched into the green, but Hong Kong and Shanghai lost ground. Other regional exchanges were also choppy.In Japan, the Nikkei 225 opened lower but eked out a gain, finishing up 0.1% as tech issues firmed after recent declines.The benchmark Nikkei 225 rose 38.00 to 64,217.27, although losing issues outnumbered gainers 141 to 81.Leading the upside was IT conglomerate Toppan, up 15.7%, while vehicle maker Archion declined 6.1%.In economic news, Japan's Business Survey Index for large companies declined to negative 0.5 in Q2 from positive 4.4 in Q1, as enterprises cited rising costs connected to Middle East turmoil, reported the Cabinet Office.In Hong Kong, the Hang Seng Index opened evenly but lost ground, closing down 0.7% as strength in property issues could not offset tech-sector losses.The broad gauge Hang Seng fell 158.67 to 24,249.29, as losing issues outnumbered gainers 62 to 28. The Hang Seng TECH Index lost 1.5% on the day, while the Mainland Properties Index rose 1.2%.Leading the upside was insurer AIA, gaining 5%, while e-commerce colossus Alibaba declined 5.4%.On the mainland, the Shanghai Composite fell 0.2% to 3,987.01.On the other regional exchanges, the South Korean KOSPI rose 0.4%; the Taiwan TWSE declined 0.2%; the Australian ASX 200 declined 0.2%; the Singapore Straits Times Index rose 0.6%, and the Thai Set advanced 0.6%. In late trading in Mumbai, the Sensex was down 0.1%The MSCI All Country Asia Pacific Index fell 0.4% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

China's Power Storage Sector to Drive Energy Transition, S&P Says

China's power storage sector is key to resolving the country's energy bottlenecks, S&P Global Ratings said in a recent release.The sector will anchor wind and solar integration, lessen curtailment, and boost system reliability, S&P said.Greater storage will also facilitate renewable power companies' shift to market-based pricing, the rating agency said.S&P expects battery energy storage systems to grow faster amid a rise in the renewable energy mix that also includes pumped-hydro projects.Independent power producers will see additional revenue sources through the battery projects, which will also hedge against increasingly unstable spot market prices, S&P credit analyst Scott Chui said.Better economics and revenue visibility should encourage more energy companies to invest in power storage and narrow risks of intermittent renewable power, S&P said.The rating agency expects players to sufficiently cushion against upcoming large investments, estimated at 1 trillion renminbi over the next five years, in line with their capital expenditure plans.

Shanghai Composite^SZSE
Asia

Chinese Shares Slide Amid US Sanctions, Middle East Strikes; Yizhong Pharmaceutical Falls 4%

Chinese shares were down on Thursday as the U.S. sanctioned several Chinese entities over their alleged links to the Iran military and amid escalating conflict in the Middle East.The Shanghai Composite Index, the main gauge of Chinese stocks, slid 0.2% to 3,987.01. The Shenzhen Component Index fell 0.7% to 14,851.98.The U.S. government imposed sanctions on multiple entities and individuals in mainland China and Hong Kong for allegedly supporting procurement and financial networks linked to Iran's Islamic Revolutionary Guard Corps and ​the Iranian military.Among them are entities that helped procure weapons for the Iranian military, and a Hong Kong-based company that works with Iran's clandestine banking network.Meanwhile, the U.S. and Iran traded fresh strikes for a second straight day, shattering the fragile April ceasefire, BBC News reported.The U.S. said it hit military, surveillance and radar sites in southern Iran in "self-defense strikes." Iran hit back immediately, launching strikes on U.S. military assets, including bases in Bahrain and Kuwait.In company news, Shanghai Yizhong Pharmaceutical (SHA:688091) said China's drug regulator approved the clinical trial application for its self-developed drug candidate, YXC-002, for the treatment of non-small cell lung cancer with estimated glomerular filtration rate mutations. Shares of the drug manufacturer closed 4% lower Thursday.

Shanghai Composite^SZSESHA:688091
Asia

Fitch Retains Neutral Outlook on Asia-Pacific Insurance Sector

Fitch Ratings has kept a neutral outlook for the Asia-Pacific insurance sector, according to a recent release.Solid capital buffers, controlled underwriting, and improved asset-liability management mitigate market headwinds, modestly increasing claim inflation, and new regulatory solvency regimes, according to Fitch.Moderately higher claim costs, along with supply chain disruption from geopolitical tensions, have reduced nonlife underwriting margins in the region, Fitch said.Increasing health and motor losses pressure profitability in Korea and Indonesia, while home and motor repair costs show stickiness in Australia, the rating agency said.Rising interest rates, a better reinsurance environment, and prior-period pricing actions offset claim inflation, but late-cycle market and credit risk linger, Fitch said.Japanese insurers face higher capital requirements through a new economic value-based solvency regulation, while Indonesian counterparts are undergoing the first phase of higher minimum equity requirements, according to Fitch.Meanwhile, lingering structural issues led to a deteriorating outlook in China and Taiwan, the rating agency said.

ASX 200^JKSE^KOSDAQKOSPINikkei 225Shanghai Composite^SZSETaiwan Weighted
Asia

US Sanctions Hong Kong, China Entities Over Iran Military Networks

The U.S. government imposed sanctions on multiple entities and individuals in Hong Kong and mainland China for allegedly supporting procurement and financial networks linked to Iran's Islamic Revolutionary Guard Corps and ​the Iranian military.Among them are entities that helped procure weapons for the Iranian military, and a Hong Kong-based company that works with Iran's clandestine banking network.The sanctions are part of a broader U.S. effort to disrupt Iran's military procurement and financing channels, Treasury said.

Shanghai Composite^SZSE
Asia

Market Chatter: Ant International Mulls $1 Billion Funding Round to Accelerate Growth

Ant International is looking to raise $1 billion to boost growth, Bloomberg reported Wednesday, citing people familiar with the matter.The funding round could value Ant International at $10 billion or even higher. This could facilitate the listing of parent Ant Group in Hong Kong, reviving plans that started in 2020, according to the news outlet.Existing shareholders General Atlantic and Silver Lake are among the potential investors in the funding round.Ant Group is the fintech affiliate of Alibaba (HKG:9988).Ant did not immediately respond to' request for comments.(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.)

Shanghai Composite^SZSEHKG:9988
Asia Markets

Tech Hesitation, Geopolitics Blunt Asian Stock Markets

Asian stock markets lost ground on Wednesday as tech shares wavered again, and as traders weighed fresh hostilities in the Persian Gulf.The pending release of the US consumer price index (CPI), slated for Wednesday morning in Washington, and which might influence Federal Reserve policy, also cautioned investors.Hong Kong, Shanghai, and Tokyo finished in the red, as did most other regional exchanges.In Japan, the Nikkei 225 opened lower and could not recover, finishing off 0.7%.The benchmark Nikkei 225 fell 1,237.36 to 64,179.27, as losing issues outnumbered gainers 125 to 99.Leading the upside was property company Mitsubishi Estates, up 5.2%, while semiconductor components maker Taiyo Yuden declined 12.9%.In economic news, Japan's producer price index (PPI) in May rose 0.9% from April and 6.3% on the year, pushed by energy and IT hardware costs, reported the Bank of Japan.In Hong Kong, the Hang Seng Index fell on new US trade sanctions and geopolitical concerns, closing down 0.6%.Market sentiment was bruised after the US Department of Defense on Tuesday expanded its blacklist of Chinese companies, including names such as e-commerce colossus Alibaba, automaker BYD, and search-engine giant Baidu, due to alleged military links.The broad gauge Hang Seng fell 157.94 to 24,407.96, although gaining issues outnumbered losers 53 to 29. The Hang Seng TECH Index lost 0.9% on the day, while the Mainland Properties Index rose 0.7%.Leading the upside was Geely Automobile, gaining 4%, while computer maker Lenovo declined 9.4%.On the mainland, the Shanghai Composite fell 0.4% to 3,993.23.In economic news, China's consumer price index rose 1.2% on the year in May, reported the National Bureau of Statistics (NBS).The nation's producer price index gained 3.9% on the year in May, boosted by energy bills, according to the NBS.On the other regional exchanges, the tech-heavy South Korean KOSPI fell 4.5% while the Taiwan TWSE declined 3.3%.The Australian ASX 200 inclined 0.6%; the Singapore Straits Times Index fell 1.3%, and the Thai Set declined 1.3%. In late trading in Mumbai, the Sensex was up 0.1%.The MSCI All Country Asia Pacific Index fell 2.1% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Asia-Pacific NBFIs Face Controlled Refinancing Risk in 2026, Fitch Says

Asia-Pacific's emerging market nonbank financial institutions (NBFIs) should observe controlled refinancing risk this year, Fitch Ratings said.Most issuers' near-term funding profiles continue to be stable amid ample domestic liquidity, solid bank funding access, and predominantly solid shareholder or government support, Fitch said.The rating agency's view comes even as the entities face modestly higher refinancing needs and unstable offshore funding conditions due to the Iran conflict.The sector's greater dependence on short-term funding compared to other regions reflects specific business models rather than weaker refinancing ability, according to Fitch.Offshore US dollar issuance could still provide gains in 2026 amid tighter market access due to high funding costs, volatile yields, and geopolitical risks, Fitch said.Greater-than-expected tightening in domestic liquidity, resurgent upward pressure on US dollar yields, or expanding credit spreads serve as risks for the sector, the rating agency said.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE
Asia

Tight Supply to Anchor Asia-Pacific Aluminum Producers' Margins, Fitch Says

Asia-Pacific's aluminum smelters should maintain robust margins amid higher metal prices due to a narrower supply of global primary aluminum, Fitch Ratings said in a recent release.The rating agency expects low-cost firms in China, India, and Indonesia to gain the most due to controlled cost inflation amid their integrated raw material framework and relatively steady power costs.Aluminum prices have increased about 20% since the start of the Middle East conflict, leading to tighter global primary aluminum supply.Fitch believes Asia-Pacific smelters that can retain output and control costs will see a boost in earnings and cash flow under rising aluminum prices.The region's producers are less exposed to imported gas and spot raw material volatility, giving them clearer advantages compared to global peers, Fitch said.

^BSE^JKSENifty 50Shanghai Composite^SZSE
Asia

Transition Gaps Drive Credit Divide Among Chinese E&C Companies, Fitch Says

The increasing pace of transition among Chinese engineering and construction (E&C) companies is a main driver of widening credit differentiation in the sector, Fitch Ratings said in a recent release.Fitch expects contractors that diversified into renewable energy, power, and industrial projects to shield their margins amid subdued demand for traditional projects.Meanwhile, companies reliant on residential housing and conventional infrastructure could observe slower contract momentum, fast EBITDA drops, and increasing leverage, the rating agency said.Leaders such as China State Construction Engineering (SHA:601668) have notably reduced their residential housing exposure to about 15% last year from 35% in 2021, while power-focused peers like Power Construction Corp. of China (SHA:601669) and China Energy Engineering (HKG:3996, SHA:601868) posted strong margins and EBITDA, according to Fitch.High capital expenditure kept free cash flow (FCF) negative for most issuers last year, despite improved working capital management, Fitch said.Leverage continues to be a pressure point for E&C companies' standalone credit profiles, with retained negative FCF weighing on EBITDA gross and net leverage, the rating agency said.

Shanghai Composite^SZSEHKG:3996SHA:601668SHA:601669SHA:601868
Asia

Chinese Shares Down Amid Widening Inflation Split; BOE Technology Falls 7%

Chinese shares were down on Wednesday as the country's inflation split widened, with producer prices outpacing consumer prices.The Shanghai Composite Index, the main gauge of Chinese stocks, slid 0.4% to 3,993.23. The Shenzhen Component Index plunged 2.1% to 14,954.10.China's annual producer inflation accelerated to 3.9% in May. This was in line with the consensus forecast, but faster than the 2.8% recorded in April.In contrast, annual consumer inflation stalled, remaining steady at 1.2%. This was lower than the consensus forecast of 1.3% and unchanged from the pace recorded in April.Core inflation, which excludes volatile food and energy prices, rose 1.1% year over year, easing from 1.2% in April.The widening gap between producer and consumer prices suggests manufacturers' ongoing difficulties in passing higher input costs downstream and thus suffering from margin compression, Bloomberg News cited Serena Zhou, senior China economist at Mizuho Securities.In company news, BOE Technology (SHE:000725) controlling subsidiary BOE Energy Technology plans to terminate its application for a public issuance of shares and listing on the Beijing Stock Exchange. Shares of the electronics components producer closed 7% lower Wednesday.

Shanghai Composite^SZSESHE:000725
China's Consumer Inflation Stalls in May, as Factory-Gate Inflation Surges to Four-Year High
US Markets

China's Consumer Inflation Stalls in May, as Factory-Gate Inflation Surges to Four-Year High

China's inflation data for May showed a disparity in the economy, with factory-gate prices surging to a nearly four-year high due to the global tech and AI boom, while consumer prices remained flat amid weak domestic spending.Consumer prices rose 1.2% year over year in May, remaining steady from the previous month, though lower than the 1.3% consensus forecast tracked by Investing.com.According to the National Bureau of Statistics on Wednesday, food, tobacco, alcohol and restaurant prices slipped 0.9% during the month, dragged down by pork prices which plunged 16.1%.In contrast, gasoline prices increased 23.5% year over year.O a month-on-month basis, consumer prices were down 0.1%, reversing the 0.3% growth the previous month.Core inflation, which excludes volatile food and energy prices, rose 1.1% year over year, easing from 1.2% in April.Meanwhile, China's factory-gate inflation showed a different picture as annual producer inflation accelerated to 3.9% in May, hitting its highest level in nearly four years.The latest print was in line with the consensus forecast of 3.9%, tracked by Investing.com, and compared with 2.8% recorded in the previous month.On a month-over-month basis, China's producer price index rose 0.5%, easing from the 1.7% increase between March and April.The prices of means of production jumped 5.2% year over year, with mining producer prices surging 15.8%, while that of the raw materials sector increased 9.2% and processing grew 2.3%.Fuel and power producer prices increased 10%, while that of non-ferrous materials soared 22% and chemical raw materials grew 11.8%.Ex-factory prices of non-ferrous metal mining and beneficiation or raw material treatment increased 36.5%."Accelerated electrification, deep integration of artificial intelligence with various fields, and increased demand for computing power also drove up prices in non-ferrous metals, electrical machinery, and computer-related industries," NBS statistician Dong Lijuan said in a statement.ING Think's Greater China Chief Economist Lynn Song said the latest data suggested that "the reflation trend is solidifying.""We're not expecting major momentum on this front this year," said Song. "This is especially the case as we still see elevated youth unemployment numbers, and many workers are more concerned about keeping their jobs amid AI advancements."

Shanghai Composite^SZSE
Asia

Market Chatter: Kuwait Petroleum Puts Up Oil for Sale for Asian Buyers

Kuwait's state-owned Kuwait Petroleum Corp. is seeking buyers for at least 4 billion barrels of the nation's main export grade crude in signs that flows from the critical Strait of Hormuz are opening up, Bloomberg News reported Tuesday, citing traders familiar with the matter.The oil is reportedly being offered to refiners in at least China and South Korea and is carried on two very large crude carriers that have already exited the waterway and can promptly dock in ports in Asia.The offer adds to evidence that a closure in the Hormuz is easing, though oil shipments from the region are yet to reach pre-war levels, 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.)

Shanghai Composite^SZSE

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