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24 stories mentioning ASX:ASXUpdated 6d ago

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Asia

Australian Shares Fall; Cochlear Confirms US Duty-Free Access for Hearing Implant Systems

Australian shares declined on Friday, as concerns over inflation rose after oil prices jumped above the $100-mark.The S&P/ASX 200 Index declined 0.75%, or by 66.70 points, to close at 8,772.30.Overnight, the Nasdaq Composite index on Wall Street fell 2.2%, the S&P 500 retreated 1.2%, and the Dow Jones declined 1%.Brent crude oil futures were trading over $100 per barrel, after jumping 7% overnight to a two-month high of $102 per barrel. The Iran-aligned Houthis struck Saudi Arabian tankers in the Red Sea even as shipping remains constricted in the Straits of Hormuz.US President Donald Trump threatened to escalate the conflict with Iran after the attacks in the Red Sea. The US administration is also said to intend to impose higher tariffs on 60 trading partners.On the domestic front, Australia's private sector expanded at its fastest pace in 2026 in July as new business returned to growth after four months; however, business confidence remained subdued despite easing cost pressures, according to a S&P Global survey. The Flash Australia PMI Composite Output Index rose to 52.6 in July from 50.4 in June, marking its highest level since the start of the year and indicating a second consecutive month of private sector growth.The Reserve Bank of Australia (RBA) is anticipated to hold interest rates steady at 4.35% in 2026 amid a slowing activity backdrop, despite elevated inflation risks, before beginning to cut rates from mid-2027, National Australia Bank (ASX:NAB) said.In company news, Cochlear (ASX:COH) said its hearing implant systems will continue to be imported into the US duty-free after the US Government's final Section 301 investigation findings retained the tariff classification covering duty-free entry for hearing implants.Newmont (ASX:NEM) reported second quarter adjusted net income of $2.10 per share, up from $1.43 a year earlier. Revenue for the three months ended June 30 was $6.12 billion, compared with $5.32 billion a year earlier.Lastly, ASX (ASX:ASX) said Chief Financial Officer Andrew Tobin informed the group of his intention to retire.

ASX 200ASX:ASXASX:COHASX:NEM
Asia

ASX CFO to Retire

ASX (ASX:ASX) said Chief Financial Officer Andrew Tobin has informed the group of his intention to retire, according to a Friday Australian bourse filing.Anthony Attia, who will begin his role as chief executive on Sept. 1, will lead the appointment process for the next CFO, the filing added.

ASX:ASX
Asia

ASX Posts 45% Jump in New Listings in Fiscal 2026, IPO Capital Raised Remains Flat

ASX (ASX:ASX) said a total of 100 new entities were listed in fiscal 2026, up 45% on fiscal 2025, with new listings adding AU$32.6 billion in quoted market capitalization, up 86% on the prior year, according to a Thursday report by the stock exchange.ASX said total net new capital quoted was AU$37.1 billion, compared with AU$35.6 billion in fiscal 2025, with initial public offering (IPO) capital raised totaling AU$5.6 billion, flat on last year but above the five-year average of AU$4.9 billion.The top three IPOs by capital raised were HMC Digital Infrastructure (ASX:DGT) at AU$1.99 billion, GemLife Group (ASX:GLF) at AU$750 million, and Virgin Australia Holdings (ASX:VGN) at AU$685 million, ASX added.The exchange operator's shares rose 2% in recent Thursday trade.

ASX:ASXASX:DGTASX:GLFASX:VGN
Asia

ASX Says Total New Capital Quoted Falls in June

ASX (ASX:ASX) said that total new capital quoted in June was AU$3.35 billion, compared with AU$11 billion a year ago, according to a Monday Australian bourse filing.The total quoted market capitalization of entities delisted was AU$1.4 billion, compared with AU$172 million a year ago.The average daily number of trades of 3.2 million in June was up 47% from 2.2 million in the prior year, per the filing. The average daily value traded on-market of AU$8.41 billion was up 19% from AU$7.07 billion in the year-ago period.

ASX:ASX
Asia

Australian Shares Rise; Australia's Federal Court Approves ASX's AU$20.5 Million Settlement in Misleading Disclosure Case

Australian shares closed higher on Friday with investors now expecting the US Federal Reserve to keep interest rates steady after softer US jobs data.The S&P/ASX 200 Index rose 1.37%, or 119.80 points, to close at 8,844.30.On Thursday, the Dow Jones Industrial Average rose 1.1%, to set another record, reaching a fourth straight week of gains. Meanwhile, the S&P 500 was flat. The US nonfarm payrolls report showed the economy added 57,000 jobs in June, below the ​estimates for a rise of 110,000.Gold rose by over 1% to around $4,200 per ounce.On the domestic front, Australia's seasonally adjusted S&P Global Services purchasing managers' index (PMI) business activity index rose to 50.5 in June from 48.7 in May, signaling a marginal increase in business activity following a contraction in the previous month, according to a report by S&P Global.In company news, ASX (ASX:ASX) is set to pay a pecuniary penalty of AU$20.5 million for misleading disclosures in February 2022 over the progress of a technology upgrade project, Australia's Federal Court ruled. The case, brought by the Australian Securities and Investments Commission, centered on a claim by ASX that its CHESS Replacement Project was progressing well, even though the project was facing delays.Suncorp Group (ASX:SUN) placed its main catastrophe program for the fiscal year 2027, which maintains the maximum event retention of AU$350 million for a first and second large event, covering the home, motor, and commercial property portfolios across Australia and New Zealand. The firm's total reinsurance costs in fiscal year 2027 are expected to be higher than in fiscal year 2026.Genesis Minerals (ASX:GMD) reported gold production of 70,767 ounces for the June quarter, bringing fiscal year 2026 production to 285,400 ounces. The company said both production and all-in sustaining costs are within its fiscal year guidance range of 260,000 to 290,000 ounces at AU$2,500 to AU$2,700 per ounce.

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Asia

Update: Australia's Federal Court Approves ASX's AU$20.5 Million Settlement in Misleading Disclosure Case

(Updates to add ASX's comment in the fourth and fifth paragraphs)ASX (ASX:ASX) is set to pay a pecuniary penalty of AU$20.5 million for misleading disclosures in February 2022 over the progress of a technology upgrade project, Australia's Federal Court ruled on Friday.The case, brought by the Australian Securities and Investments Commission (ASIC), centered on a claim by ASX that its CHESS Replacement Project was progressing well, even though the project was facing delays, according to the court's judgment filing.The company disclosed a settlement with the ASIC in June, agreeing to contribute AU$3 million to the regulator's legal costs in addition to the penalty.ASX accepted the court's findings and recognized the seriousness of the matter while noting that the judgment records that ASIC accepted that ASX did not deliberately intend to mislead the market, a spokesperson for the bourse operator said in a statement in response to a request for comment from."Since resetting the project, ASX has made significant changes to strengthen communication, improve delivery oversight and provide dedicated forums for stakeholder engagement and input," the spokesperson said.The company's shares fell 2% in recent Friday trade.

ASX:ASX
Asia

Australia's Federal Court Approves ASX's AU$20.5 Million Settlement in Misleading Disclosure Case

ASX (ASX:ASX) is set to pay a pecuniary penalty of AU$20.5 million for misleading disclosures in February 2022 over the progress of a technology upgrade project, Australia's Federal Court ruled on Friday.The case, brought by the Australian Securities and Investments Commission (ASIC), centered on a claim by ASX that its CHESS Replacement Project was progressing well, even though the project was facing delays, according to the court's judgment filing.The company disclosed a settlement with the ASIC in June, agreeing to contribute AU$3 million to the regulator's legal costs in addition to the penalty.ASX did not immediately reply to a request for comment fromon the court's endorsement of the settlement.The company's shares fell 2% in recent Friday trade.

ASX:ASX
Asia

ASX Hits Record Number of ETF Listings in Fiscal Year 2026

ASX (ASX:ASX) reached a record number of exchange-traded fund (ETF) listings in the fiscal year 2026, with 72 ETFs added, according to a statement on Thursday.There were 50 ETF listings last year, the statement said.The result indicates sustained growth in issuer activity and investor demand, supported by uptake from retail investors.The ETF market currently holds over AU$350 billion in assets across 458 products listed on ASX, and has seen more than AU$50 billion in inflows in the full fiscal year, per the statement.Shares fell 1% in morning trade on Thursday.

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Asia

ASX Gets Regulatory Nods for Revised Transformation Plan

ASX (ASX:ASX) said Wednesday the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have agreed to the company's revised transformation plan to address governance and other shortcomings flagged by an ASIC inquiry.This revised plan includes a redesign of workstreams, delivery approach, and target outcomes centered on five core enterprise priorities, including culture and leadership, risk transformation, operational resilience, resource sufficiency, and governance."The reset gives us a clearer definition of success, links our activities directly to measurable outcomes and ensures the program sets the right ambition for ASX while also being aligned with regulatory expectations," said ASX Interim CEO Darren Yip.The company is starting to implement the revised plan and has engaged consulting firm Promontory to assist with the process, it said.

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Asia

ASX Launches ASX Listed Entity Supervision Report

ASX (ASX:ASX) launched its inaugural ASX Listed Entity Supervision Report, focusing on market integrity and disclosure practices, according to a statement on Friday.ASX will focus on actions aimed at "ramping" a company's share price by misusing the market announcements platform and mining company disclosures, and review private credit investment disclosures by newly admitted entities and key shareholder approval rules, the statement said.Additionally, ASX expanded its market education program, per the statement.

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Asia

ASX Preview: Australian Shares Set to Rise After US-Iran Peace Deal; Atlas Arteria Says IFM Global Unit Raises Takeover Offer

Australian shares are poised to rise on Monday after US and Iranian officials agreed to a peace framework to end their conflict and reopen the Strait of Hormuz, triggering a sharp drop in oil prices and lifting global risk sentiment.On June 12, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.5%, 0.3%, and 0.7%, respectively.In the macroeconomy, investors are eyeing the Reserve Bank of Australia's interest rate decision on Tuesday.In corporate news, Atlas Arteria (ASX:ALX) said IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 has increased its takeover offer to AU$5.10 per security from AU$4.75 and declared it "best and final."ASX (ASX:ASX) has settled Federal Court proceedings with the Australian Securities and Investments Commission (ASIC) over misleading 2022 statements about its Chess replacement project, admitting a breach of the ASIC Act and agreeing to pay AU$20.5 million in penalties plus AU$3 million in legal costs, subject to court approval.Telstra Group (ASX:TLS) is in focus as investors weigh its outlook after SpaceX's June 12 listing.Australia's benchmark index rose nearly 2% or 170.8 points to close at 8,804 on June 12.

ASX 200ASX:ALXASX:ASXASX:TLS
Asia

ASX Admits Breach in ASIC Settlement Over Chess Project Disclosures

ASX (ASX:ASX) settled Federal Court proceedings with Australian Securities and Investments Commission (ASIC) over misleading 2022 statements about its Chess replacement project, admitting a breach of the ASIC Act, according to a Monday filing with the Australian bourse.The exchange operator agreed to pay AU$20.5 million in penalties plus AU$3 million in legal costs, subject to court approval.ASIC commenced civil penalty proceedings in August 2024, alleging that ASX made misleading or deceptive statements to the market in 2022 regarding the Chess replacement project, including claims that it was "progressing well," "tracking to the Published Plan," and "tracking to Go-Live in April 2023," per the filing.The settlement resolves the matter, and the parties will no longer proceed to trial, the filing added. ASX will recognize the penalty and legal costs as "significant" fiscal 2026 items impacting statutory earnings.

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Asia

ASX Says Total New Capital Quoted Falls 48% in May

ASX (ASX:ASX) said that total new capital quoted in May was AU$3.51 billion, plunging 48% from AU$6.81 billion a year ago, according to a Thursday Australian bourse filing.The total quoted market capitalization of entities de-listed was AU$5.49 billion, compared with AU$7.71 billion a year ago.The average daily number of trades of 2.8 million in May was up 37% from 2.1 million in the prior year, per the filing. The average daily value traded on-market of AU$7.49 billion was up 15% from AU$6.51 billion in the year-ago period.

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Asia

Jarden Adjusts ASX Limited's Price Target to AU$55.30 from AU$58.75, Keeps at Neutral

ASX (ASX:ASX) has an average rating of hold and mean price target of AU$54.94, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.ASX (ASX:ASX): -12%, AU$51.51Elevra (ASX:ELV): -7%, AU$12.75PEXA Group (ASX:PXA): -7%, AU$10.67Infratil (ASX:IFT): -5%, AU$12.29Yancoal Australia (ASX:YAL): -4%, AU$6.69Telix Pharmaceuticals (ASX:TLX): -4%, AU$12.82Challenger (ASX:CGF): -4%, AU$8.89Whitehaven Coal (ASX:WHC): -4%, AU$8.51Netwealth Group (ASX:NWL): -3%, AU$21.69Paladin Energy (ASX:PDN): -3%, AU$11.13

ASX 200ASX:ASXASX:CGFASX:ELVASX:IFTASX:NWLASX:PDNASX:PXAASX:TLXASX:WHCASX:YAL
Asia

ASX Issues Fiscal Year 2027 Expense Growth Guidance, Raises Capex Outlook; Shares Fall 12%

ASX (ASX:ASX) said it expects fiscal year 2027 expenses to grow between 18% and 21% from fiscal year 2026, while operating expenses excluding depreciation and amortization are forecast to rise 13% to 16%, according to a Tuesday filing with the Australian bourse.The company said the forecast for higher expenses is mainly driven by technology modernization, and changes it is making in response to an inquiry by the Australian Securities and Investments Commission that flagged certain governance and risk management failures.ASX increased its fiscal year 2027 capital expenditure guidance to between AU$180 million and AU$200 million from a previous range of AU$160 million to AU$180 million, primarily driven by technology cost inflation and new product development. The company also disclosed fiscal year 2028 capital expenditure guidance of between AU$170 million and AU$190 million.Additionally, ASX adjusted its medium-term target range for underlying return on equity to between 12% and 14% from a previous target of 12.5% to 14%. The company kept its dividend policy intact with a payout ratio range of 75% to 85% of underlying net profit after tax.Meanwhile, the stock exchange operator struck a deal to sell its 49% stake in Sympli to its joint venture partner, ATI Group, for a nominal amount. The sale will result in an after-tax loss of about AU$12 million in fiscal year 2026.ASX shares fell 12% in recent Tuesday trade.

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Asia

ASX Midday Sector Update: Financials Stocks Gain, Consumer Staples Down

Financials stocks led gainers with a rise of about 0.1% in midday trading Thursday.ASX (ASX:ASX) advanced nearly 2% after it appointed Anthony Attia as chief executive, effective Sept. 1.On the flip side, consumer staples stocks shed 2.3% to lead decliners in a broadly lower market.Coles Group (ASX:COL) fell past 3% after Australia's Federal Court ruled that the retailer deceived shoppers by advertising discounts on products that, in many cases, were being sold at higher prices.

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Asia

ASX Appoints CEO

ASX (ASX:ASX) appointed Anthony Attia as chief executive, effective Sept. 1, according to a Thursday Australian bourse filing.Attia will succeed current CEO Helen Lofthouse, who will depart on May 29, the filing said.Darren Yip has been appointed interim CEO and will assist with the transition to Attia later this year, the filing added.

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Asia

ASX Says Total New Capital Quoted Soared in April

ASX (ASX:ASX) said that total new capital quoted in April was AU$7.1 billion, compared with AU$2.14 billion a year ago, according to a Tuesday Australian bourse filing.The total quoted market capitalization of entities de-listed was AU$4.44 billion, increasing 44% from AU$286 million a year ago.The average daily number of trades of 2.8 million in April was up 16% from 2.4 million in the prior year, per the filing. The average daily value traded on-market of AU$7.52 billion was up 1% from AU$7.47 billion in the year-ago period.

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Asia

Australian Shares Extend Losing Streak; Woolworths Group Reports Higher Fiscal Q3 Sales

Australian shares extended their losing streak for the eighth consecutive day on Thursday's close as the US continued its naval blockade of Iranian ports.The S&P/ASX 200 Index retreated 0.24%, or by 21.20 points, to close at 8,665.80.Brent crude oil futures jumped 5.2% to $124.15 per barrel. The Strait of Hormuz remained closed, as US President Donald Trump is reported to be considering military options as the deadlock in negotiations with Iran continues, according to an Axios report as cited by Reuters.On the domestic front, Australia's export prices rose 0.5% in the March quarter after a 3.2% increase in the December 2025 quarter, while import prices rose 0.1% after a 0.9% increase in the previous quarter, data from the Australian Bureau of Statistics showed.Australia's total credit rose 0.7% month on month in March, following a 0.6% increase in February, data from the Reserve Bank of Australia showed.Small businesses in Australia had a firm start to the year, with the March quarter recording a 7.2% jump in sales, though higher fuel prices amid the Middle East conflict present a key risk, Xero said. Sales, jobs, and wages all grew during the quarter, nearly reaching their historical average growth rates.In company news, Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period. Reported fiscal 2026 Australian food earnings before interest and taxes growth is still expected to be in the mid to high single-digit range, but no longer at the upper end of the range. Its shares fell 7% at market close.Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier. Total iron ore production for the three months ended March 31 across Onslow Iron and the Pilbara Hub was 10.3 million wmt, with shipments totaling 9.3 million wmt. Its shares closed up 2%.Lastly, ASX (ASX:ASX) appointed Darren Yip, group executive of markets and listings, as interim chief executive, succeeding Helen Lofthouse, effective May 29. Its shares also closed up 2%.

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