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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.

^KOSDAQKOSPIKRX:000660

Asia111d ago

Xinming China Proposes Share Consolidation; Shares Slump 10%

Xinming China (HKG:2699) proposed a share consolidation on the basis of 1 new share for every 25 held in the company, according to a Hong Kong bourse filing Thursday.The move will reduce the firm's existing shares from 93.9 million to around 3.8 million consolidated shares.The firm plans to undertake a rights offering following the share consolidation to raise up to HK$106 million.The firm will offer eligible shareholder six rights shares for every consolidated share owned in the firm. The rights offering will be priced at HK$4.70 per rights share.Shares of the company slumped 10% in recent trade.

HKG:2699

Asia111d ago

Market Chatter: Toyota Probes Unauthorized Data Access by Insurer Staff

Toyota Motor (TYO:7203) Toyota Motor (TYO:7203) is reviewing a potential data breach involving seconded staff from major non-life insurers after internal information was accessed without approval, Nikkei reported Thursday.The employees were dispatched from Tokio Marine & Nichido Fire Insurance, part of Tokio Marine (TYO:8766), as well as Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, both under MS&AD Insurance Group (TYO:8725), according to the report.The scope of the information has not been disclosed, though internal documents may be involved. The insurers are assessing how the access occurred and whether data protection or competition rules were breached, the report said.The case follows earlier compliance issues tied to seconded personnel, including data leaks at financial institutions and regulatory action in 2025 citing gaps in oversight and compliance practices across the sector, according to the report.(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.)

TYO:7203TYO:8725TYO:8766

Asia111d ago

OFX Group Reports Decline in Fiscal Q4 Net Operating Income; Shares Jump 5%

OFX Group (ASX:OFX) reported fiscal fourth-quarter net operating income of AU$43.5 million, down from AU$49.3 million in the year-ago period, according to a Thursday filing with the Australian bourse.The company's revenue was AU$26.2 million, down from AU$30.6 million, per the filing.Chief Executive Skander Malcolm attributed the decline in net operating income to an unusually soft February, but added that the company is encouraged by positive momentum observed in March.The company's shares were up nearly 5% in recent Thursday trade.

ASX:OFX

Asia111d ago

Xinghuacun Fen Wine Factory's 2025 Profit Stays Flat; Shares Up 3%

Shanxi Xinghuacun Fen Wine Factory's (SHA:600809) net profit attributable to shareholders in 2025 nearly stayed flat year on year, only slightly rising to 12.2 billion yuan, or 10.04 yuan per share, according to a Thursday disclosure on the Shanghai bourse.Operating revenue jumped 7.5% to 38.7 billion yuan from about 36 billion yuan in the previous year.The alcoholic beverage producer's shares jumped 3% during the morning trade.

SHA:600809

Asia111d ago

Whitehaven Coal Unit Secures $900 Million Through Senior Secured Notes Offering

Whitehaven Coal (ASX:WHC) said its subsidiary Australian MetCoal Financing has completed a $900 million offering of senior secured notes to institutional investors under US and international exemptions, according to a Thursday filing with the Australian bourse.The financing is divided into two $450 million tranches, maturing in October 2031 and April 2034, both of which carry semi-annual interest payments starting in October, the filing said.The proceeds will mainly be used to refinance the company's $1.1 billion acquisition term loan facility, with the balance directed toward general corporate purposes, the filing added.The company's shares rose 1% in recent Thursday trade.

ASX:WHC

Asia111d ago

Hwatsing Technology Scraps Hong Kong Listing Plan; Shares Down 3%

Hwatsing Technology (SHA:688120) decided to terminate plans to issue and list shares on the Hong Kong Stock Exchange, according to a Thursday disclosure on the Shanghai bourse.The decision was made after considering the external macroeconomic environment, capital market conditions and the Chinese semiconductor equipment manufacturer's development plans.The company's shares dropped 3% at the opening of the trade.

SHA:688120

Asia111d ago

Native Mineral Resources Produces Five Gold Dore Bars at Queensland Operations; Shares Up Nearly 4%

Native Mineral Resources Holdings (ASX:NMR) produced five dore bars totaling around 315 ounces dore after completing a gold pour on Wednesday at its Blackjack gold operations in Queensland, according to a Thursday Australian bourse filing.These bars represent the first gold production from freshly mined Blackjack South Stage 2a material since mining restarted.The company also started site establishment and mining fleet mobilization at Podosky in Queensland. First haulage from Podosky to the Blackjack run-of-mine pad remains on track for late April.The company's shares were up nearly 4% in recent trading on Thursday.

ASX:NMR

Asia111d ago

NZX Midday Sector Update: Electronic Technology Advances, Technology Services Decline

Electronic technology shares gained the most on New Zealand's Exchange, rising nearly 2% by midday Thursday.Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose almost 5% in recent trade.The company on Thursday reported total revenue of around NZ$26.6 million for fiscal 2026, up 6% compared with the previous year.On the other hand, shares of technology services fell 2%.EROAD's (NZE:ERD, ASX:ERD) shares slid 4% in recent trade

^NZ50ASX:ERDASX:IKENZE:ERDNZE:IKE

Asia111d ago

Market Chatter: Alibaba, Tencent Explore Investment in DeepSeek

Alibaba (HKG:9988) and Tencent (HKG:0700) are in early-stage talks to back artificial intelligence firm DeepSeek, Reuters reported Wednesday, citing The Information.The startup, supported by High-Flyer Capital Management, is looking to raise fresh capital at a valuation above $20 billion, 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.)

HKG:0700HKG:9988

Asia111d ago

Elevra Lithium Posts Higher Spodumene Concentrate Production in March Quarter; Shares Reach Over Two-Year High

Elevra Lithium's (ASX:ELV) spodumene concentrate production from its North American Lithium operation in Canada rose to 47,332 dry metric tonnes (dmt) in the March quarter from 43,261 dmt during the same period last year, according to a Thursday filing with the Australian bourse.Spodumene concentrate sales were 55,526 dmt at an average realized selling price of $1,453 per dmt, up from 27,030 dmt at an average realized selling price of $710 per dmt in March 2025, the filing said.The company reaffirmed its fiscal 2026 production guidance of 180,000 dmt to 190,000 dmt and sales guidance of 170,000 to 190,000 dmt, subject to the fulfillment of the shipping schedule, per the filing.Shares rose about 2% in recent Thursday trade and earlier reached their highest since November 2023.

ASX:ELV

Asia111d ago

Market Chatter: Japan Retailers Step Up Cost Cuts as Energy Prices Rise

Japanese retailers are tightening operations to manage rising fuel and electricity costs, even as the government works to secure energy supplies, Nikkei reported Thursday.Itochu (TYO:8001) unit FamilyMart is weighing a reduction in store deliveries to cut transport expenses, while Lawson plans a gradual shift to hybrid and electric vehicles. Both chains are also investing in energy-efficient equipment to limit cost pressures, according to the report.Aeon (TYO:8267) is bringing forward investments in solar panels and efficient air-conditioning, and accelerating a transition to lower-power refrigeration systems across stores, the report said.The moves come as utilities prepare to pass on higher fuel costs to electricity bills from June, alongside seasonal demand for cooling. Government fuel subsidies have offered some relief, but their duration remains uncertain, according to the report.(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.)

Nikkei 225TYO:8001TYO:8267

Asia111d ago

XRF Scientific To Acquire Bruker's Combustion Gas Analysis For $4 Million, Shares Up 4%

XRF Scientific (ASX:XRF), via its wholly-owned unit XRF Technology (WA), entered into a binding asset purchase agreement with Bruker AXS to acquire its combustion gas analysis business for a total upfront cash consideration of $4 million, according to a Thursday Australian bourse filing.An earnout of up to $1 million will be payable, based on a rate of 7% of net combustion gas analysis business revenue for three years after completion.Under the deal, certain product names such as "G4 Icarus" will be transferred to the firm and branded as XRF Scientific. The combustion gas analysis products are currently manufactured in Germany, and production will be transferred to XRF's factory in Perth, Australia.The completion of the deal is expected to occur imminently within the week.Its shares rose 4% in recent trading on Thursday.

ASX:XRF

Asia111d ago

Note Founder Trims Stake Ahead of Prime Market Push

Note (TYO:5243) said founder and CEO Sadaaki Kato sold 550,000 shares, or 2.8% of outstanding stock, on April 15, reducing his stake to 26.3% from 29.2%, according to a Thursday filing on the Tokyo Stock Exchange.The sale was carried out through on-market transactions via a securities firm, which had full discretion over pricing and execution.The company said the move was intended to improve trading liquidity and increase the proportion of shares available in the market, following capital and business tie-ups that had concentrated ownership.Kato has agreed not to sell additional shares for two years and will remain a major shareholder while continuing to lead the company.

TYO:5243

Asia111d ago

Sands China's Q1 2026 Net Income Jumps 46%

Sands China (HKG:1928) booked $294 million in net income for the first quarter of 2026, up 46% from $202 million in the year-ago quarter, according to a Hong Kong bourse filing Thursday.Total net revenue rose 24% year over year to $2.10 billion.Meanwhile, adjusted property EBITDA increased to $633 million from $535 million in the prior-year period.

HKG:1928

Asia111d ago

PLS Group Completes $600 Million Offering of Senior Notes Due 2031

PLS Group (ASX:PLS) completed a $600 million offering of 6.875% senior notes due 2031, according to a Thursday filing with the Australian bourse.The company has used part of the net proceeds to refinance the AU$375 million drawn balance of its revolving credit facility, and plans to use the remaining proceeds for general corporate purposes.PLS Group's shares shed about 1% in recent Thursday trade.

ASX:PLS

Asia111d ago

Ardiden Engages Second Diamond Drill Rig For Canada Gold Project

Ardiden (ASX:ADV) engaged contractor Forage MDion to provide a second diamond drill rig at the Rouyn gold project in Quebec, Canada, according to a Thursday Australian bourse filing.The second drill rig will help accelerate step-out drilling targeting down-plunge extensions of high-grade mineralization and enable systematic testing of multiple targets.

ASX:ADV

Asia111d ago

Market Chatter: Cathay Pacific Raises HK$2.1 Billion in Three-Year Bonds

Cathay Pacific Airways (HKG:0293) raised HK$2.08 billion through a three-year bond sale, Reuters reported Wednesday, citing a term sheet seen by the news agency.The notes carry a yield of 3.78%, according to the report.(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.)

HKG:0293

Asia111d ago

Metro Mining Secures Shareholder Approval for 20-for-1 Share Consolidation

Metro Mining (ASX:MMI) received shareholder approval for a 20-for-1 share consolidation, effective Wednesday, according to a Thursday Australian bourse filing.The company currently has 6.14 billion issued shares, and it has stated that all existing performance rights will also be consolidated at the same ratio, with every 20 performance rights being combined into one, per the filing.Post-consolidation trading is scheduled to start on May 5 on a normal basis, with settlement of on-market trades starting on May 7, the filing added.The company's shares fell around 2% in recent Thursday trade.

ASX:MMI

Asia111d ago

Market Chatter: Prudential Life Extends Sales Halt in Japan Amid Probe

Prudential Life Insurance extended its suspension of new policy sales in Japan by 180 days to early November as it works to address misconduct involving employees, Nikkei reported Thursday.The insurer said more than 100 current and former staff received about 3.1 billion yen from customers through improper means. The halt on sales has been in place since early February, according to the report.Japan's Financial Services Agency has started an on-site inspection of the group's local holding company, reviewing governance and compliance, the report said.Prudential Life plans changes, including clearer roles for executives and branch managers and a shift away from commission-based pay for sales staff. Compensation will be linked more closely to factors such as policy retention and compliance, according to the report.Complaints are also being reviewed at affiliate Gibraltar Life Insurance, with groupwide cases reaching roughly 700. The parent company expects the extended suspension in Japan to reduce pre-tax adjusted operating income by as much as $575 million this year, 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.)

Nikkei 225

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