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Asia

Australian Shares Flat; BHP Group Files Environmental Permit Application to Reopen Chile Copper Mine

Australian shares closed flat with a negative bias on Thursday, while Asian markets saw a broad-based decline after Wednesday's Wall Street sell-off due to a fall in semiconductor shares.The S&P/ASX 200 Index was little changed to close at 8,715.20.On Wednesday, the S&P 500 fell 0.2%, and the Nasdaq Composite lost 0.7%, dragged down by a sell-off in semiconductor shares."The plunge in Asia semis today is more about a hangover from Wall Street," said Fabien Yip, a market analyst at IG, as quoted by ReutersMeanwhile, the US and Iran wrapped up a round of indirect talks on Wednesday with little sign of progress toward a lasting peace, instead discussing issues they said had already been settled under an interim agreement disclosed two weeks earlier, according to a Wednesday Reuters report.On the domestic front, Australia's goods balance recorded a seasonally adjusted deficit of AU$3.02 billion in May, down from a surplus of AU$1.38 billion in April, according to data published by the Australian Bureau of Statistics.Also, S&P Global Ratings expects a stable credit environment for Asia-Pacific sectors amid solid AI demand and the reopening of the Strait of Hormuz.Further, already restrictive financial conditions in Australia are expected to tighten even more, which will weigh on demand and possibly stop the Reserve Bank of Australia (RBA) from hiking interest rates any further despite inflation remaining above target, BofA Securities said.In company news, BHP Group (ASX:BHP) has filed an environmental permit application to reopen the Cerro Colorado copper mine in Chile.Northern Star Resources (ASX:NST) appointed Suresh Vadnagra as chief executive, succeeding Stuart Tonkin, effective Oct. 5Xero (ASX:XRO) is integrating with Microsoft 365 to make its real-time financial data more accessible to small businesses and accountants.

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Asia

Xero to Integrate With Microsoft 365 Copilot

Xero (ASX:XRO) is integrating with Microsoft 365 to make its real-time financial data more accessible to small businesses and accountants, the company said late Wednesday.Xero's AI financial superagent, JAX, will enable actions within Microsoft 365 Copilot to assist businesses with financial management and planning.Xero said it plans to expand the integration to additional Microsoft 365 applications such as Outlook and Teams.

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Japan

ASX Midday Sector Update: Information Technology Stocks Jump, Utilities Sector Struggles

Information technology stocks jumped nearly 4% at midday Monday.Xero (ASX:XRO) gained more than 5% in recent trade.On the flip side, the utilities sector struggled, shedding almost 3%.Origin Energy (ASX:ORG) shares were down nearly 2% in recent trade.

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Asia

ASX Midday Sector Update: Utilities Stocks Inch Up, Information Technology Sector Struggles

Utilities stocks advanced nearly 1% at midday Friday.Origin Energy (ASX:ORG) shares rose marginally in recent trade.Meanwhile, the information technology sector struggled, shedding almost 2%.Xero (ASX:XRO) shares were down marginally in recent trade.

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Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Wednesday.Wisetech Global (ASX:WTC): +13%, AU$32.51BCI Minerals (ASX:BCI): +11%, AU$0.42Anteris Technologies (ASX:AVR): +10%, AU$14.99Xero (ASX:XRO): +8%, AU$70.31Telix Pharmaceuticals (ASX:TLX): +7%, AU$15.54Neuren Pharmaceuticals (ASX:NEU): +5%, AU$12.99Tasmea (ASX:TEA): +5%, AU$9.45Lindian Resources (ASX:LIN): +5%, AU$0.92Regis Healthcare (ASX:REG): +4%, AU$6.53Iluka Resources (ASX:ILU): +4%, AU$7.54

ASX 200ASX:AVRASX:BCIASX:ILUASX:LINASX:NEUASX:REGASX:TEAASX:TLXASX:WTCASX:XRO
International

New Zealand's Small Business Productivity Lags Behind Peers, Xero Report Finds

Productivity for small and medium-sized businesses in New Zealand is lagging behind Australia and the UK, but the sector has meaningful opportunities to bridge the gap over time, according to data published by Xero (ASX:XRO) on Thursday.The data measured the dollar amount produced per hour worked for a typical worker in a small business, finding that New Zealand's small business labor productivity averaged NZ$74 per hour worked in the March quarter, down from NZ$75.30 in the December 2025 quarter.The March quarter reading is broadly in line with the previous six months but remains below the long-term average of NZ$76.30 per hour, underscoring a continued period of subdued productivity growth, Xero said.Productivity per employee has also softened, averaging roughly NZ$9,169 in the March quarter, down from NZ$9,389 in the previous quarter."The encouraging part is that there are clear levers - from digital adoption to skills and process improvements - that can help close that gap over time," said Bridget Snelling, New Zealand country manager at Xero."Policy settings that support skills development, infrastructure and digital adoption play a key role in lifting productivity across the economy, while targeted attention in lower-performing sectors such as hospitality could help unlock further gains," Snelling added.

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Asia

ASX Midday Sector Update: Energy Stocks Jump, Information Technology Sector Struggles

Energy stocks advanced nearly 2% at midday Thursday.Woodside Energy Group (ASX:WDS) gained almost 2% in recent trade.Meanwhile, the information technology sector struggled, shedding more than 2%.Xero (ASX:XRO) shares fell past 3% in recent trade.

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Asia

ASX Midday Sector Update: Consumer Discretionary Stocks Advance, Information Technology Sector Struggles

Consumer discretionary stocks advanced nearly 3% at midday Wednesday.Wesfarmers (ASX:WES) gained almost 3% in recent trade after announcing that it is partnering with artificial intelligence organizations to drive long-term sales and earnings growth.On the flip side, the information technology sector struggled, shedding nearly 2%.Xero (ASX:XRO) shares were down past 1% in recent trade.

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Asia

ASX Midday Sector Update: Materials Stocks Jump, Information Technology Sector Falls

Materials stocks advanced nearly 2% at midday Wednesday.BHP Group (ASX:BHP) gained more than 2% in recent trade as copper prices posted a new record high.On the flip side, the information technology sector struggled, shedding more than 1%.Xero (ASX:XRO) shares fell past 3% in recent trade.

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Asia

ASX Midday Sector Update: Information Technology Stocks Advance, Real Estate Sector Struggles

Information technology stocks advanced nearly 3% at midday Tuesday.Xero (ASX:XRO) gained more than 6% in recent trade.On the flip side, the real estate sector struggled, shedding nearly 2%.Goodman Group (ASX:GMG) shares fell nearly 1% in recent trade.

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Asia

ASX Midday Sector Update: Information Technology Stocks Jump, Healthcare Sector Falls

Information technology stocks advanced more than 5% at midday Monday.Xero (ASX:XRO) gained 8% in recent trade.On the flip side, the healthcare sector struggled, shedding nearly 2%.CSL (ASX:CSL) shares fell almost 2% in recent trade.

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Asia

ASX Midday Sector Update: Consumer Discretionary Stocks Advance Marginally, Information Technology Sector Struggles

Consumer discretionary stocks advanced marginally at midday Thursday.Wesfarmers (ASX:WES) gained more than 1% in recent trade.Meanwhile, the information technology sector struggled, shedding nearly 2%.Xero (ASX:XRO) shares fell 3% in recent trade.

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Asia

ASX Midday Sector Update: Information Technology Stocks Advance, Financial Sector Struggles

Information technology stocks advanced nearly 2% at midday Wednesday.Xero (ASX:XRO) shares rose marginally in recent trade as AustralianSuper's voting power in the company increased to 9.17% from 8.13%, effective May 22.On the flip side, the financial sector struggled, shedding more than 1%.Shares of Commonwealth Bank (ASX:CBA) fell past 1% in recent trade.

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Asia

Xero Says AustralianSuper Stake Increases to 9.17%

Xero (ASX:XRO) said AustralianSuper's voting power in the firm increased to 9.17%, effective May 22, from 8.13% previously, according to a Tuesday Australian bourse filing.AustralianSuper now holds 15.6 million ordinary securities of the firm.

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses.Insurance Australia Group (ASX:IAG): -4%, AU$7.82Block (ASX:XYZ): -3%, AU$96.49Xero (ASX:XRO): -2%, AU$74.65Wisetech Global (ASX:WTC): -1%, AU$37.11Goodman Group (ASX:GMG): -1%, AU$30.44Origin Energy (ASX:ORG): -1%, AU$10.95Telstra Group (ASX:TLS): -1%, AU$5.39APA Group (ASX:APA): -1%, AU$10.20QBE Insurance Group (ASX:QBE): -1%, AU$23.65Meridian Energy (ASX:MEZ): -1%, AU$4.81

ASX 200ASX:APAASX:GMGASX:IAGASX:MEZASX:ORGASX:QBEASX:TLSASX:WTCASX:XROASX:XYZ
Asia

ASX Midday Sector Update: Information Technology Stocks Rise Marginally, Materials Struggle

Information technology stocks advanced nearly 1% at midday Wednesday.Xero (ASX:XRO) shares rose marginally in recent trade after disclosing a multi‑year deal with New Zealand Rugby, becoming its official small business accounting platform partner.Meanwhile, the materials sector struggled, shedding more than 2%.BHP Group (ASX:BHP) shares were down nearly 2% in recent trade.

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Asia

Xero Secures Multi-Year Deal With New Zealand Rugby

Xero (ASX:XRO) secured a multi‑year agreement with New Zealand Rugby, supporting the All Blacks and Black Ferns, the technology company said in a statement on Wednesday.The company will become the official small business accounting platform partner of New Zealand Rugby under the deal, the statement said.Additionally, the company will provide a discounted "All of Rugby" license to support clubs, provinces and rugby organizations with financial management and productivity, per the statement.The company's shares were up nearly 1% in recent Wednesday trade.

ASX:XRO
Asia

ASX Midday Sector Update: Information Technology Stocks Advance, Materials Sector Struggles

Information technology stocks advanced 4% at midday Friday.Technology company Xero (ASX:XRO) gained over 10% in recent trade.On the flip side, the materials sector struggled, shedding nearly 3%.BHP Group (ASX:BHP) shares fell 3% in recent trade.

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Asia

Australian Shares Flat; Federal Court Rules Against Coles Group on Price Discounts in ACCC Case

Australian shares were flat with positive bias on Thursday as ⁠the summit between the US and Chinese Presidents gets underway.The S&P/ASX 200 Index was little changed to close at 8,640.70.US President Donald Trump and Chinese counterpart Xi Jinping met in Beijing. Brent crude oil futures were trading around $105.89 per barrel. Gold fell as the hotter-than-expected US inflation data increased the chances of a tighter monetary policy in the US.On the domestic front, Australia's household spending fell 1.2% in April, reversing a fuel-driven surge in March as lower spending on petrol and public transport weighed on transport and recreation spending, according to the Commonwealth Bank of Australia's Household Spending Insights."The oil shock resulting from the current Middle East conflict has not had the size of impact that was initially expected," the bank's head of Australian Economics, Belinda Allen, said.In company news, Australia's Federal Court ruled Thursday that Coles Group (ASX:COL) deceived shoppers by advertising discounts on products that, in many cases, were being sold at higher prices. The case against Coles was brought by the Australian Competition and Consumer Commission (ACCC) in 2024, saying Coles increased prices on certain items for a very short period of time before putting them on a discount, making the promotions illusory in nature. Its shares fell 2% on market close.Xero (ASX:XRO) reported Thursday that it swung to a loss of NZ$0.19 per share in the fiscal year 2026 from a profit of NZ$1.47 a year earlier. Total operating revenue for the 12 months ended March 31 was NZ$2.75 billion, compared with NZ$2.1 billion a year earlier. Its shares closed down 9%.Lastly, Megaport (ASX:MP1) said its unit Latitude.sh has secured three major GPU, CPU, network, and storage contracts with a combined total contract value (TCV) of about AU$254 million and annualized recurring revenue (ARR) of about AU$90.6 million. Its shares were up 28% on market close.

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Asia

Xero Launches 'XeroForce' AI Agent Builder to Automate Small Business Finance Workflows; Shares Fall 6%

Xero (ASX:XRO) has launched "XeroForce", an invite-only artificial intelligence (AI) tool that lets small businesses and accountants build natural-language automation agents to streamline accounting workflows, connect third-party applications, and improve compliance without coding, according to a Thursday statement.The agent is designed as an orchestration layer for accounting tasks such as month-end close, reporting, tax document management, purchase order validation, and payroll approvals, incorporating domain-specific accounting logic to ensure compliance and reliability.The tool also supports always-on agents that operate across time-based events, provides full audit trails for traceability, and enables accountants to run bulk workflows across multiple clients.The company's shares fell 6% in recent Thursday trade.

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