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Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 306,299 shares in London on April 17 at an average price of about 11.06 pounds sterling apiece, according to a Monday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.

HKG:2378SGX:K6S

Asia112d ago

South Korean Shares Close Marginally Higher Despite Renewed US-Iran Tensions, Investors Eye Q1 Earnings

South Korean shares closed slightly higher on Monday despite an increase in tensions between the US and Iran after the U.S. Navy destroyer USS Spruance intercepted an Iranian-flagged cargo vessel called Touska near the Strait of Hormuz and Iran issued a warning to the US in the aftermath of the incident.Investors chose to shift their focus on the upcoming first-quarter earnings season instead.The Korea Composite Stock Price Index or Kospi rose 27.17 points, or 0.4%, to end at 6,219.09. The Kosdaq also increased by 4.81 points, or 0.4%, to close at 1,174.85.In corporate news, SK Hynix (KRX:000660) began the mass production of high-capacity 192GB products, which are optimized for Nvidia's Vera Rubin platform, the chipmaker said in a Monday release.The SOCAMM2 192GB (gigabyte) product is a memory module standard that is based on 10-nanometer class 6th generation (1c) LPDDR5X low-power dynamic random access memory.Shares of the chipmaker increased over 3% at market close.In other news, South Korean credit rating firms Korea Ratings, Korea Investors Service, and NICE Investors Service upgraded Hyundai Rotem's (KRX:064350) credit rating to AA- from A+.The upgrades were based on the defense systems manufacturer's strong capability to repay debt, improved earnings, and financial stability.Shares of Hyundai Rotem rose nearly 2% at market close.

KRX:000660KRX:064350

Asia112d ago

EMS Emerges L1 Bidder for UP Jal Nigam Projects Worth Over INR2 Billion; Shares Rally 9%

EMS (NSE:EMSLIMITED, BOM:543983) has emerged as the lowest bidder (L1) for two projects awarded by UP Jal Nigam (Urban), Varanasi, with a combined estimated value of about 2.09 billion Indian rupees, according to an Indian bourse filing on Friday.Shares of the company jumped over 9% in Monday's trade.The first project, valued at 1.44 billion rupees, involves sewer network laying and house connections across multiple wards in Varanasi on a turnkey basis, the filing said. The project is set to be completed in 24 months.The second project, worth 648.5 million rupees, covers sewer network works, house connections and construction of a 23 MLD sewage pumping station, with a completion timeline of 18 months, it added.

BOM:543983NSE:EMSLIMITED

Asia112d ago

Harshdeep Hortico Launches New Product Category

Harshdeep Hortico (BOM:544105) has launched a new product category called rotomoulded decorative water fountains, according to a BSE filing on Monday.The new category has been initially launched in the domestic market with plans for international expansion.It is expected to strengthen the company's market position in the decorative and landscape segment, help to grow its product diversification, and open new growth opportunities in both domestic and export markets.The company's shares were down over 2% in recent trade.

BOM:544105

Asia112d ago

Market Chatter: Indonesian Minister Defends Non-Subsidized Fuel Price Hike Amid Global Pressures

Indonesia's energy minister Bahlil Lahadalia has supported the recent increase in non-subsidized fuel prices, saying they are determined by global oil movements and exchange rate shifts, the Jakarta Globe reported Monday.He noted that premium fuels like high-octane petrol and advanced diesel products are sold under market pricing and are generally used by higher-income consumers, so they are not included in subsidy programs. Several non-subsidized fuel types saw significant price hikes, while regulated subsidized fuels remained unchanged, reportedly.Authorities said fuel pricing is periodically adjusted to reflect changes in international crude oil trends and the value of the rupiah against the US dollar. The government also continues to encourage oil and gas exploration through licensing rounds to strengthen long-term energy supply and investment inflows, the news outlet 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.)

^JKSE

Asia112d ago

China Stocks Edge Up as Central Bank Keeps Key Rates; China Northern Rare Earth, Hikvision Rise on Q1 Results

Chinese stocks edged up Monday after the country's central bank held its benchmark rates and added new market rules.The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.8% or 30.70 points to 4,082.13. The Shenzhen Component Index rose 0.6% or by 81.33 points to 14,966.75.The People's Bank of China held its benchmark rates for the 11th straight month. The PBOC held the one-year LPR at 3% and the LPR of five years or more at 3.5%.ING analysts expected no changes to the LPR as gross domestic product growth stayed within the year's target range of 4.5% and 5% for the first quarter.Meanwhile, China also exported 5,238 metric tons of rare earth magnets in March, down 1.6% from last year but up 11% from February, Reuters reported Monday.Investors remained hopeful about a deal between the U.S. and Iran despite concerns the ceasefire could not hold after the U.S. side said it captured an Iranian cargo vessel that tried to bypass its blockade, Reuters reported the same day.In corporate news, China Northern Rare Earth (SHA:600111) closed 3% higher after disclosing first-quarter guidance. Attributable profit is seen to increase 109% to 118% year over year to between 900 million yuan and 940 million yuan.Hangzhou Hikvision Digital Technology (SHE:002415) finished 4% higher as its first-quarter profit jumped 36% year over year to 2.78 billion yuan.

Shanghai Composite^SZSESHA:600111SHE:002415

Asia112d ago

Hangzhou Iron & Steel Proposes to Invest 4 Billion Yuan to Buy Wealth Management Products

Hangzhou Iron & Steel (SHA:600126) proposed to acquire wealth management plans for up to 4 billion yuan, according to a Shanghai bourse filing on Saturday.The iron and steel producer's shares fell 2% at the close of Monday's trade.

SHA:600126

Asia112d ago

Hang Zhou Iron & Steel Returns to Profit in 2025

Hang Zhou Iron & Steel (SHA:600126) returned to an attributable profit of 24.1 million yuan in 2025 from an attributable loss of 628.1 million yuan in 2024, according to a Saturday filing with the Shanghai bourse.The steel manufacturer logged earnings per share of 0.01 yuan compared with a loss per share of 0.19 yuan in the previous year.Operating income declined 18% year over year to 52.3 billion yuan from 63.7 billion yuan.

SHA:600126

Asia112d ago

Cross-Border Flows Offset Earnings Pressure on Hong Kong Banks, Fitch Says

Healthy cross-border wealth and capital flows mitigate near-term earnings constraints for Hong Kong banks, Fitch Ratings said in a recent release.The banks posted double-digit growth in wealth management fees and solid deposit inflows last year due to increased flows, Fitch said.The trend will persist in 2026, although the pace may moderate due to a high base and geopolitical risks, especially with the Iran conflict, the rating agency said.Policy efforts and growing IPO activity have helped Hong Kong maintain its status as a regional wealth center, leading to solid growth in nonresident bank accounts, brokerage volumes, and investment product distribution, Fitch said.Resulting gains in fee and income and a surge in low-cost deposits balance profitability constraints from weak loan demand, lower net interest margins, and higher credit costs due to local commercial real estate exposure, the rating agency said.

Hang Seng

Asia112d ago

Market Chatter: Jollibee Concludes Acquisition of Korean Hot Pot Chain All Day Fresh

Philippine fast food giant Jollibee Foods (PSE:JFC) completed the 100% acquisition of South Korean hot pot chain operator All Day Fresh in a deal worth 130 billion won after the Korea Fair Trade Commission approved the transaction.Following the buyout, All Day Fresh separated from its former parent, Myungryundang, and was fully incorporated into Jollibee Foods, Yonhap News reported Monday.The KFTC gave clearance to the Philippine restaurant chain operator last week to carry out the acquisition through Jolli-K, Jollibee Foods' 70%-owned subsidiary, according to a report by Philippine news outlet Inquirer.net on Thursday.(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.)

PSE:JFC

Asia112d ago

Mold-Tek Packaging's Board Declares Interim Dividend

The board of directors of Mold-Tek Packaging (NSE:MOLDTKPAC, BOM:533080) has declared the first interim dividend of 2 rupees per equity share of face value of 5 rupees each for the financial year 2025-26, according to a filing to the Indian stock exchanges.The record date to determine the eligible members for payment of the interim dividend has been fixed as April 24.The company's shares were down nearly 1% in recent trade.

BOM:533080NSE:MOLDTKPAC

Asia112d ago

Market Chatter: Indonesia's Pertamina's Tankers Remain Stranded in Strait of Hormuz

Indonesia's state energy firm Pertamina has been forced to halt the planned movement of two oil tankers after renewed disruptions in the Strait of Hormuz, following Iran's reversal of its decision to reopen the key shipping route, the Jakarta Globe reported Monday.The vessels, Pertamina Pride and Gamsunoro, remain stuck in the Persian Gulf and are unable to exit through the strait, which connects the region to the open ocean. Pertamina International Shipping said it is closely monitoring the "highly dynamic" situation while coordinating with authorities to secure safe passage for the ships and their cargo, according to the report.The Strait of Hormuz, a key route for global oil shipments, has faced repeated disruptions amid rising tensions between the US and Iran. This has pushed Brent crude prices higher as markets worry about potential supply risks. the news outlet 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.)

^JKSE

Asia112d ago

Ceinsys Tech Invests Over $2 Million in US Subsidiary

Ceinsys Tech (BOM:538734, NSE:CEINSYS) has infused around $2.2 million in fresh equity into its wholly owned subsidiary Technology Associates Inc., USA, according to a Saturday filing on Indian bourses.Shares of the company fell over 1% in Monday's trade.The company subscribed to about 5,855 equity shares at an issue price of $369.04 per share, the filing said.The investment is part of a previously approved funding plan and will be used to support growth and funding requirements of the subsidiary, it added.

BOM:538734NSE:CEINSYS

Asia112d ago

Hainan Airlines to Acquire 49% Stake in Aircraft Maintenance Company

Hainan Airlines (SHA:600221, SHA:900945), through subsidiary Chongqing Fangda Aviation International Headquarters, will acquire 49% of HNA Aviation Technology (Chongqing) through capital increase, according to a Shanghai bourse filing on Saturday.The airline company's B shares slipped 1% during Monday's afternoon trade.The company, along with another subsidiary, HNA Aviation Technology, will jointly inject 90 million yuan into HNA Tech Chongqing, an aircraft maintenance company.The company will inject 58.8 million yuan and HNA Aviation Tech will invest 31.2 million yuan.HNA Tech Chongqing's capital will increase to 120 million yuan from 30 million yuan.HNA Aviation Tech, which previously own 100% of HNA Tech Chongqing, will hold 51% after the completion of the transaction.

SHA:600221SHA:900945

Asia112d ago

ACME Solar Unit Secures Commissioning Certificate for 16 MW Wind Project in Gujarat, India

ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283) said its subsidiary ACME Eco Clean Energy has received a commissioning certificate for a 16 MW wind power project in Gujarat, India, according to an Indian bourse filing on Friday.Shares of the company rose nearly 1% in Monday's trade.The project is located across multiple villages in Surendranagar district, the filing said.

BOM:544283NSE:ACMESOLAR

Asia112d ago

Nikkei Advances as Fiscal Outlook Calms Rate Fears

Japanese stocks closed higher on Monday, supported by policy signals after an opposition party leader called for a medium-term fiscal roadmap to restore surplus by around 2030, easing concerns over rising interest rates.The Nikkei 225 rose 0.6%, or 348.99 points, to close at 58,824.89.Yuichiro Tamaki said Japan should outline a credible five-year path to return to a primary surplus by around 2030, while accepting near-term deficits.He also said monetary policy should move gradually toward normalization, with rate hikes calibrated carefully given risks from the Iran conflict.Markets have pared expectations for an April rate increase by the Bank of Japan amid uncertainty over the Middle East situation. The government has tapped oil reserves and is seeking alternative supply sources, though public concern over the economic impact remains high.In economic news, Japan's tertiary activity index fell 0.4% in February as weakness in retail and utilities offset gains in finance.Japanese household sentiment improved slightly in March but remained negative, with inflation expectations staying elevated, a Bank of Japan survey showed.On the corporate front, Komehyo Holdings (TYO:2780) fell 1% after reporting a 43% jump in March sales. Cyfuse Biomedical (TYO:4892) rose 12% after a report said it will begin human trials of a 3D-printed knee regeneration therapy.IwaiCosmo (TYO:8707) slipped 2% despite a 55% rise in full-year profit and record earnings.

Nikkei 225TYO:2780TYO:4892TYO:8707

Asia112d ago

Advanced Innergy to Acquire Matrix Composites in AU$0.40 Cash-Per-Share Offer

Matrix Composites & Engineering (ASX:MCE) entered into a scheme implementation deed with Advanced Innergy Holdings (ASX:AIH) under which Advanced Innergy agreed to acquire 100% of Matrix via a scheme of arrangement, under which Matrix shareholders will receive AU$0.40 cash per share, according to separate Monday filings with the Australian bourse.Advanced Innergy declared the offer price as its best and final in the absence of a superior competing proposal.Advanced Innergy, via a wholly-owned unit, previously entered into call option deeds over Matrix shares representing, in aggregate, 19.9% of Matrix shares on issue. The scheme is expected to be implemented by the end of July, subject to all the conditions being satisfied or waived, including Matrix shareholder approval, court approval, and approval from the Foreign Investment Review Board.The board of Matrix unanimously recommended that the company's shareholders vote in favor of the scheme in the absence of a superior proposal and subject to an independent expert concluding that the deal is is in the best interests of the shareholders.

ASX:AIHASX:MCE

Asia112d ago

Minmetals Capital Proposes 3 Billion Yuan Bond Issuance

Minmetals Capital (SHA:600390) proposed to register the issuance of bonds worth up to 3 billion yuan, according to a Shanghai bourse filing on Saturday.The issuance will be valid within 24 months after approval by regulators, while the bond will have a three-year term.The Chinese metals and minerals company will use the proceeds to fund its technology innovation-related business, as well as supplement its working capital and pay debts.

SHA:600390

Asia112d ago

Market Chatter: Malaysia's Rubber Industry Bears Brunt of US-Iran War

Malaysia's rubber glove industry is facing rising cost pressure as the US-Iran conflict drives up prices of oil-linked raw materials used in production, the Nikkei Asian Review reported Monday.The country, which accounts for about 45% of global glove supply, is seeing a widening gap between large and small manufacturers. Major producers such as Top Glove (KLSE:TOPGLOV) and Hartalega (KLSE:HARTA) have been able to raise selling prices to offset higher input costs, while demand remains broadly stable, according to the report.Industry costs have surged, with key materials like nitrile latex seeing sharp increases due to higher crude-linked input prices. However, smaller players are struggling to absorb the cost pressure, with some already exiting the market amid financial strain and supply disruptions, the Nikkei 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.)

FTSE Bursa Malaysia KLCIKLSE:HARTAKLSE:TOPGLOV

Asia112d ago

Orbbec Forecasts Decline in 2026 Related-Party Transactions

Orbbec (SHA:688322) forecasted 165 million yuan in 2026 routine related party transactions, lower than 261.5 million yuan last year.The transactions involve purchasing raw materials, selling products, and providing services primarily with Ant Group entities and Hangzhou Shanyi Intelligent Technology, according to a filing with the Shanghai bourse.Shares of the electronics components distributor were up 1% in recent trade.

SHA:688322

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