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China Expresses Worry Over US Seizure of Iranian Ship, Foreign Ministry Says

China flagged concerns about the U.S.' seizure of an Iranian-flagged ship in the Strait of Hormuz, calling it a "forced interception," Foreign Ministry Spokesperson Guo Jiakun said Monday."The situation in the Strait of Hormuz is sensitive and complex," Guo said, adding that parties should abide by the truce and "provide the necessary conditions for the restoration of normal passage through the strait."The cargo ship had travelled from China, Reuters reported separately, citing the Iranian military.

Shanghai Composite^SZSE

Asia154d ago

Norway's Photocure to Push for Full Milestone Payments from China's Asieris

Norway-based cancer drug maker Photocure said it will pursue all means to secure full milestone payments for a license agreement with China's Jiangsu Yahong Meditech (SHA:688176) or Asieris Pharmaceuticals, Photocure said in a Monday press release.Asieris only paid $6.6 million out of $11 million in milestone payments to Photocure triggered by China's approval of the Norway-based drug company's APL-1702 product, Photocure said in a Monday press release.Asieris said label obtained for the product is only good enough for a partial payment, according to Photocure's press release.However, the Norwegian drug manufacturer said the Chinese company's argument "is without merit," saying the milestone has been met.

SHA:688176

Asia154d ago

SGC Energy Returns to Profit in Q1

SGC Energy (KRX:005090) posted first-quarter net income attributable to shareholders of 4.5 billion won, reversing the attributable net loss of 2.8 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the South Korean energy generation company were down 1% year over year to 612 billion won from 618.5 billion won.Shares of SGC Energy rose nearly 4% at market close.

KRX:005090

Asia154d ago

TSH Resources Repurchases Shares

TSH Resources (KLSE:TSH, SGX:TSH) bought back 150,000 shares for 191,286 ringgit on Tuesday, according to a same-day disclosure on the Singapore bourse.The shares were repurchased between 1.26 ringgit and 1.28 ringgit apiece, the dual-listed oil palm cultivation and wood products company said.

KLSE:TSHSGX:TSH

Asia154d ago

Polaris Completes Disposal of Property

Polaris (SGX:5BI) completed the disposal of an investment property named One Singapore, to Nan Kai Textiles, according to a Tuesday filing with the Singapore Exchange.Earlier the distributor and seller of mobile and other electronics granted Nan Kai an option to purchase the office unit for a consideration of SG$950,000.Net proceeds from the sale will be used to repay the mortgage loan on the property, with the remaining amount reserved for general working capital needs.

SGX:5BI

Asia154d ago

Market Chatter: Russia to Sell Natural Gas to China at Lower Prices Than Europe

The Russian government expects to sell natural gas to China at prices 38% lower than those paid by Europe, Bloomberg reported Monday, citing two people familiar with governmental forecasts.Russian gas prices for the Chinese market are seen to hit $258.80 per 1,000 cubic meters this year, more than one-third of the price offered to its remaining European buyers, the report said.The gap could narrow in the next three years but will only be more than 27% in 2029, the report said.The lower prices could explain why a pivot to China could not offset Russia's losses in its Western markets, Bloomberg said.Most European markets severed with Russia over the conflict in Ukraine, 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

Asia154d ago

Jardine Matheson Buys Back Shares

Jardine Matheson (SGX:J36) bought back 15,000 shares in the open market on Tuesday for $72.3469 per share, according to a same-day filing with the Singapore Exchange.The repurchased shares will be canceled.

SGX:J36

Asia154d ago

Significant Foreign Ownership Could Benefit Indian Financial Institutions, Fitch Says

Indian financial institutions' credit profiles could gain support from sizable foreign shareholder ownership, Fitch Ratings said in a recent release.Foreign shareholding provides long-term capital and funding flexibility, business franchise improvement, and better governance standards, Fitch said.Still, Fitch does not consider foreign ownership as an innately reliable indicator of better credit fundamentals, with transactions that boost internal controls, risk management, and leadership accountability having more credit relevance.Increased interest from foreign shareholders points to growing confidence in India's long-term growth outlook and the financial industry's regulation and oversight, as well as better risk governance, Fitch said.Fitch believes there is a greater likelihood of foreign investors owning control of nonbank financial institutions rather than those of banks, as full foreign ownership of NBFIs is allowed.Minority shareholders can also have a sizable influence over NBFIs in the presence of business and operational synergies, Fitch said.

^BSENifty 50

Asia154d ago

PNB Gilts Net Profit Plummets in Fiscal Q4

Capital markets company PNB Gilts (NSE:PNBGILTS, BOM:532366) saw a sharp decline in its net profit to 129.9 million Indian rupees in the fiscal fourth quarter from 750.2 million rupees a year ago, according to a Monday filing with the Indian stock exchanges.Earnings per share during the quarter ended March 31 fell to 0.72 rupees from 4.17 rupees a year earlier.Total revenue from operations in fiscal Q4, however, rose to 4.22 billion rupees from 3.56 billion rupees a year ago, according to the filing.

BOM:532366NSE:PNBGILTS

Asia154d ago

Chinese Passenger Trips Rise 12% in March

China's civil aviation passenger trips rose more than 12% to 66.6 million in March, Xinhua News Agency reported Monday.Domestic passenger trips jumped around 12% year over year to 59.5 million, while international passenger trips grew 17% year over year to 7.1 million, the report said.Cargo and mail transport increased 4.2% to 851,000 tonnes.Throughput on domestic routes edged up 1.3% to 458,000 tonnes, while throughput on international routes expanded 7.8% to 393,000 tonnes.

Shanghai Composite^SZSE

Asia154d ago

Nishimatsuya Chain's April Sales Up 4.5%

Nishimatsuya Chain (TYO:7545) logged a 4.5% year-on-year increase in net sales for April, supported by strong demand for spring and summer apparel as well as winter childcare and fashion clothes.Customer traffic rose 7.7%, while average spend per customer slipped 1.9%, according to a Tuesday filing on the Tokyo Stock Exchange.Existing store sales gained 2%, with traffic increasing by 3.8% and average spending falling 1.7%.The children's clothing and childcare goods retailer operated 1,181 stores as of April 20, after adding two stores and closing two during the month.

TYO:7545

Asia154d ago

MMG's Copper Production Jumps 5% in Q1

MMG's (HKG:1208) copper output rose 5% year over year to 111,878 tons in the first quarter of 2026, according to a Monday Hong Kong bourse filing.Copper cathode production soared 44% to 16,820 tons in the three months, with zinc output coming in at 50,263 tons, down 3% from a year prior.The production of lead increased by 1% year on year to 8,814 tons, while that of gold and silver jumped 24% and 27% year on year, respectively, to 32,177 ounces and 2.9 million ounces.Molybdenum output stood at 692 tons in the quarter, up 2% year on year.

HKG:1208

Asia154d ago

China Service Sector's Value-Added Output Grows in Q1

The Chinese service sector's value-added output comprised 61.7% of gross domestic product in the first quarter, a year-on-year increase of 0.4 percentage points, Xinhua News Agency reported Monday, citing the National Bureau of Statistics.The economic growth contribution of the sector rose 4 percentage points to 63.2%, the report said.Service retail sales increased 5.5%, while goods retail sales jumped 3.3 percentage points, Xinhua said.

Shanghai Composite^SZSE

Asia154d ago

Nestlé India's Consolidated Profit Rises in Fiscal Q4; Shares Jump 7%

Nestlé India's (NSE:NESTLEIND, BOM:500790) consolidated profit rose to 11.1 billion Indian rupees in the fiscal fourth quarter ended March 31, from 8.73 billion rupees a year ago.Earnings per share came in at 5.77 rupees from 4.53 rupees a year earlier, the fast-moving consumer goods company said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 also increased to 67.5 billion rupees from 55.0 billion rupees a year ago.The company's board recommended a final dividend of 5 rupees per equity share for the financial year 2025-26 on shares of face value of 1 rupee each.The company's shares were up over 7% in recent trade.

BOM:500790NSE:NESTLEIND

Asia154d ago

OUE REIT's Net Property Income Up 8.4% in Q1

OUE REIT's (SGX:TS0U) net property income rose by 8.4% in the first quarter to SG$57.6 million from SG$53.2 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Revenue was up 6.7% year over year to SG$70.5 million from SG$66.0 million, backed by a higher occupancy rate across its Singapore and Sydney commercial portfolios.

SGX:TS0U

Asia154d ago

Spackman Entertainment Group's Interim CEO Steps Down

Spackman Entertainment Group's (SGX:9VW) interim chief executive officer and executive director, Anthony Wei Kit Wong, resigned from the posts, effective April 21, according to a same-day filing with the Singapore Exchange.Wong resigned to "focus on pursuing other corporate endeavours," the filing said.

SGX:9VW

Asia154d ago

Hong Fok Buys Back More Shares

Hong Fok (SGX:H30) bought back 505,000 shares in the open market on Tuesday for around SG$501,799, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back over 13.6 million shares.

SGX:H30

Asia154d ago

Indbank Merchant Banking's Net Profit Edges Higher in Fiscal Q4; Shares Fall 4%

Indbank Merchant Banking Services (NSE:INDBANK, BOM:511473) said its net profit inched up to 12.1 million Indian rupees in the fiscal fourth quarter from 11.4 million rupees a year ago, according to a Monday filing with the Indian stock exchanges.Shares of the company fell nearly 4% in Tuesday's trade.Earnings per share for the quarter ended March 31 edged up to 0.27 rupees from 0.26 rupees a year earlier.Total revenue from operations of the company rose year on year to 58.9 million rupees from 53.1 million rupees, the filing said.

BOM:511473NSE:INDBANK

Asia154d ago

Malaysian Shares Extend Gains as Islamabad Peace Talks Lift Sentiment

Malaysian shares ended in green for the third straight session on Tuesday over a possible de-escalation in hostilities between the US and Iran.The FTSE Bursa Malaysia KLCI gained 13.03 points to end 0.8% higher at 1,715.33. The day range was between 1,700.54 and 1,716.64.Investor sentiment improved as the second phase of peace talks unfolded in Islamabad, with the US expressing optimism over progress. However, Iran has yet to confirm its participation, keeping uncertainty around the negotiations.In economic news, Malaysian Prime Minister Anwar Ibrahim announced measures to ease cost pressures on SMEs, including a 5 billion ringgit financing guarantee and a 12-month extension for e-invoicing transition. The package also includes interim tax relief on re-imported goods, with support focused on sectors such as construction, agriculture, logistics, and tourism.In corporate news, shares of ES Sunlogy (KLSE:SUNLOGY) gained about 2% on close after its unit Savelite Engineering secured a subcontract worth 107.5 million ringgit from China State Construction Engineering.

FTSE Bursa Malaysia KLCIKLSE:SUNLOGY

Asia154d ago

Asia-Pacific Agrochemical Issuers Have Buffers for Middle East War Risks, Fitch Says

Asia-Pacific agrochemical issuers are capable of cushioning against increased freight, fuel, and input costs due to the Middle East conflict, preventing near-term rating pressure, Fitch Ratings said in a recent release.Nufarm (ASX:NUF), UPL (NSE:UPL, BOM:512070), and Syngenta Group have narrow direct vulnerabilities from the region, differentiated sourcing, and ample inventory serving as buffers for the first-round impact on earnings, Fitch said.Fitch expects supply chain disruption to not be impactful enough on the issuers' credit profiles in the near term, especially with operating flexibility and geographic diversification.Issuers' credit strength will also gain support from their business mix, although this would be uneven across products, with seeds the most staunch due to their key role in crop planning and fertilizers being more exposed amid a growing share of farmers' costs.The impact of crop protection lies between the other two products since its demand is less inelastic than food demand, Fitch said.The rating agency still sees dampened near-term profitability due to a gradual and initially incomplete cost pass-through.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSEASX:NUFBOM:512070NSE:UPL

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