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Shian Technology Mutually Terminates Tongling Fuyue Technology Acquisition; Shares Fall 10%

Guosheng Shian Technology (SHA:603778) mutually terminated its planned 240.6-million-yuan acquisition of Tongling Fuyue Technology.The deal failed to satisfy a key condition precedent, which was securing an acquisition loan, despite an extension to April 15, according to a Tuesday filing with the Shanghai bourse.Shares of the landscape company fell 10% in recent trade.

SHA:603778

Asia162d ago

Dongfang Precision Completes Sale of Two Subsidiaries

Guangdong Dongfang Precision Science & Technology (SHE:002611) completed the sale of its entire holdings in two subsidiaries for 816.7 million euros, according to a Shenzhen bourse filing on Tuesday.Foresight US BidCo acquired Guangdong Fosber Intelligent Equipment and Tiruña (Guangdong) Intelligent Equipment Manufacturing.Foresight Italy BidCo also acquired Fosber from the company's unit, Dong Fang Precision (Netherlands) Coöperatief, as part of the deal.The corrugated packaging manufacturer's shares rose 1% during the afternoon trade.

SHE:002611

Asia162d ago

Market Chatter: Chinese Export Growth Hits Bump in March on Iran War Pessimism

Growth in Chinese exports are expected to have slowed to 8.6% year over year in dollar terms in March, down from 21.8% in January and February, Reuters reported Monday, citing a poll by the newswire.The deceleration could be attributable to the energy shocks driven by the Iran war and its impact on artificial intelligence enthusiasm, the report said.The war in Iran could temper expectations of tech-powered exports breaking the record $1.2 trillion surplus in 2025, according to the report.The report stated that March served as the initial assessment of AI enthusiasm's capacity to counteract energy sector pessimism, a situation exacerbated by the Strait of Hormuz closure.Stockpiling of commodities helped cushion the blow of raw-material shocks on producer prices, 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

Asia162d ago

Australian Shares Rise; Qantas Airways Raises FY26 Fuel Cost Forecast Expectation to Up to AU$3.3 Billion

Australian shares rose on Tuesday's close as investor sentiment was buoyed by optimism around a peace deal between the US and Iran, even as the US naval blockade of Iran took effect.The S&P/ASX 200 Index climbed 0.5% or 44.80 points to close at 8,970.80, reaching a new 20-day high.US President Donald Trump said Iran had called the White House over a potential peace agreement.Both countries had left room for further negotiations, and there was forward motion on trying to get to an agreement, Reuters reported, citing sources.Brent crude oil futures declined 1.5% to $97.90 per barrel.On the domestic front, the Westpac-Melbourne Institute Consumer Sentiment Index fell sharply around 13% to 80.1 in April from 91.6 in March, as rising fuel prices and interest rates added to cost-of-living pressures and weighed heavily on economic sentiment.Business confidence in Australia fell 29 points to negative 29 in March, its lowest level since April 2020 and one of the sharpest declines since the global financial crisis and COVID-19, following the Middle East conflict, National Australia Bank said in a report.Australia's consumer confidence lifted 2.2 points in the April 6 to April 12 week to 64.5 points, recording its second consecutive weekly rise, while the four-week moving average fell 1 point to 62.2 points, ANZ said in a report.In company news, Qantas Airways (ASX:QAN) now expects fuel cost for the fiscal second half to be AU$3.1 billion to AU$3.3 billion, as February jet refining margins peaked at about $120 per barrel. The airline said it has hedged about 90% of its fiscal H2 crude oil exposure but remains largely exposed to movements in jet refining margins.Cleanaway Waste Management (ASX:CWY) now expects fiscal 2026 earnings before interest and taxes of AU$460 million to AU$480 million, down from a previous range of AU$480 million to AU$500 million, due to the impact of the Middle East conflict. Its shares declined 2% at close.Lastly, Clarity Pharmaceuticals (ASX:CU6) signed a commercial manufacturing agreement for its copper-64 SAR-bisPSMA next-generation diagnostic imaging agent with Nucleus Radiopharma. The agreement includes manufacturing at Nucleus Radiopharma's facility in Rochester, Minnesota. Clarity's shares closed down 5%.

ASX 200ASX:CU6ASX:CWYASX:QAN

Asia162d ago

CSC Financial Lists $4 Billion Yuan Note Program on Hong Kong Bourse

CSC Financial (SHA:601066) listed its $4 billion medium term note program on the Hong Kong Stock Exchange, effective April 13.The program allows debt issuance solely to professional investors within 12 months, according to a Tuesday filing with the Shanghai bourse.

SHA:601066

Asia162d ago

Energy Shock Impact on India Inflation to Pick Up in Next Months, Nomura Says

Nomura expects the impact of the energy shock due to the Middle East conflict to gain ground in India following a limited effect in March, according to a Tuesday research note.India's CPI inflation ticked up to only 3.4% year over year in March from 3.2% in February, aided by government subsidies for consumers, weak food inflation, and stable core inflation, the equity research firm said.Further price pressures should pass through in the next few months amid a general increase in input cost pressure and heightened margin pressure for firms, according to Nomura.Food price inflation may face strains from below-normal rains and El Niño, the research firm said.Inflation is moving toward slightly under 4% in April, while core inflation could rise to 3.8% from 3.5% last month, Nomura said.The research firm forecasts headline inflation at an average of 5% in fiscal 2027 and core inflation at 4.5% in average.

^BSENifty 50

Asia162d ago

Hunan TV & Broadcast Intermediary Expects Net Profit to Rise by 80 Million Yuan After Investee Company's Debut

Hunan TV & Broadcast Intermediary's (SHE:000917) net profit is expected to rise by approximately 80 million yuan after its investee company, Nanchang Sanrui Intelligence Technology (SHE:301696), debuted on the Shenzhen Stock Exchange, according to a Tuesday bourse filing.The unmanned aerial vehicles and robot power systems producer offered shares worth 24.68 yuan apiece on its debut on April 10.The Chinese media company's shares rose 1% during the afternoon trade.

SHE:000917SHE:301696

Asia162d ago

Qualitas Real Estate Income Fund Declares March Distribution

Qualitas Real Estate Income Fund (ASX:QRI) said it has declared a distribution for March of AU$0.9846 per unit, up from the estimated AU$0.9517 per unit released on March 31, according to a Tuesday Australian bourse filing.The distribution represents an annualized distribution return of 7.25%, up from the previously estimated 7%, the filing added.

ASX:QRI

Asia162d ago

USP Group's Unit Secures IQAir Distribution Rights in Singapore

USP Group's (SGX:BRS) subsidiary, Supratechnic (S), secured exclusive distribution rights for the Swiss Air Quality Brand, IQAir, in Singapore, according to a Tuesday filing with the Singapore Exchange.Additionally, the subsidiary has also launched a digital platform named Suprayi to act as an advisory channel for IQAir products.

SGX:BRS

Asia162d ago

HomeCo Daily Needs REIT Sets Distribution Reinvestment Plan Price at AU$1.21 Per Unit

HomeCo Daily Needs REIT (ASX:HDN) said the distribution reinvestment plan (DRP) issue price is AU$1.21 per unit for the quarter ended March 31, according to a Tuesday Australian bourse filing.DRP units will be issued on or around May 22, ranking equally with existing securities, the filing added.

ASX:HDN

Asia162d ago

Market Chatter: Singapore's Interbank Rates Near Four-Year Lows as War Inflows Surge

Singapore's interbank rates are nearing four-year lows as conflict in the Middle East boosts capital inflows into the city-state, according to a report by Bloomberg on Tuesday.Foreign inflows have been backed by the outperforming local currency, further consolidated by the Monetary Authority of Singapore tightening its policy settings on Tuesday, the report noted.The Singapore dollar has outperformed other regional currencies since the outbreak of war between the US and Israel, 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.)

^STI

Asia162d ago

Yancoal Australia Trading Halted on Pending Announcement

Yancoal Australia (ASX:YAL) said its trading will be halted at the company's own request due to a pending disclosure, according to a Tuesday filing with the Australian bourse.The halt will remain in force until the earlier of the start of trading on April 16 or the release of the statement, per the filing.

ASX:YAL

Asia162d ago

Vin's, Volt Auto Sign Deal to Offer Dongfeng Electric Vehicles in Singapore

Vin's Holdings (SGX:VIN) signed an agreement with Volt Auto to become an authorized channel partner for China Dongfeng Motor Industry Impo & Exp's latest electric vehicle lineup, according to a Tuesday filing with the Singapore Exchange.Under the partnership, the company will introduce three new Dongfeng electric vehicles to the Singapore market.Meanwhile, Vins and Volt Auto will also look into establishing a joint venture company, which will operate as the authorized workshop for all Dongfeng vehicles in the city-state.

SGX:VIN

Asia162d ago

Nova Minerals Finds New Gold Anomaly at US Project, Shares Up 9%

Nova Minerals (ASX:NVA) said a "potentially significant" new gold anomaly was defined at Portage Pass from field observations and 2025 surface assays at its Estelle gold and critical minerals project in Alaska, according to a Tuesday Australian bourse filing.The company said the anomaly is supported by seven rock samples grading above 2 grams per tonne grade of gold, including a high of 14.3 g/t gold, and 10 soil samples grading above 0.5 g/t gold with a peak of 1.8 g/t gold.The geochemical signature is comparable to the multi-million ounce Korbel gold deposit across the ridgeline to the north, with mineralization appearing more consistent and higher grade, and strong potential for a valley-scale extension.The company has planned a 2026 soil sampling program, with a follow-up induced polarization geophysical survey to be undertaken in line with the exploration approach that led to the Korbel discovery.The company's shares rose 9% in recent Tuesday trade.

ASX:NVA

Asia162d ago

Spark New Zealand Named Exclusive Telecoms Partner at Auckland Airport Duty-Free Precinct

Spark New Zealand (ASX:SPK, NZE:SPK) said it has been named the exclusive telecommunications partner at the international airport duty-free precinct in Auckland, strengthening its partnership with global travel retail operator Lagardère Travel Retail, according to a Tuesday New Zealand and Australian bourse filing.The agreement secures new prime store locations within the international arrivals area, making Spark the only telecommunications provider in a duty-free zone first to be seen by over 4.9 million overseas travelers annually, the filing added.

ASX:SPKNZE:SPK

Asia162d ago

99 Speed Mart Retail to Seek Renewal of Transactions Authority; Shares Gain 3%

99 Speed Mart Retail (KLSE:99SMART) will seek to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a Monday Malaysian bourse filing.Shares gained over 3% in Tuesday's midday trade.The company will share a statement containing details of the plans with shareholders in due time, it said.

KLSE:99SMART

Asia162d ago

New Zealand Shares Flat Despite Hopes of US-Iran Peace Talks; Winton Land Secures Approval for Ayrburn Screen Hub Under Fast-Track Act

New Zealand shares ended flat on Tuesday while most Asian stocks saw gains as investors hope for a US-Iran peace agreement.The S&P/NZX 50 Index was little changed to close at 13,017.26.Dialogue between the US and Iran is "still alive," even after the failed negotiations that took place in Islamabad, Pakistan, according to a Monday Reuters report, citing sources familiar with the matter.Also, US President Donald Trump said on Monday that Iran "called this morning" and wants to make a deal, but he will not agree to an agreement that does not forbid Iran from having a nuclear weapon, according to a Monday Reuters report."The failed weekend talks did not produce a deal, but they also did not close the door on diplomacy, and that is enough for equities to keep pushing higher for now," said Charu Chanana, Saxo's ⁠chief investment strategist, as quoted by Reuters in a separate report.In domestic news, the share of first home buyers' property purchases in New Zealand in the March quarter was over 27%, buoyed by lower house prices, reduced mortgage rates, and policy measures, Cotality said.In corporate news, Winton Land (NZE:WIN, ASX:WTN) received conditional approval from the expert panel for the Ayrburn Screen Hub under the Fast-track Approvals Act, with the decision now subject to a 20 working day appeal period.Westpac Banking (NZE:WBC, ASX:WBC) will boost credit provisions for customers in energy-intensive sectors due to the volatility and economic uncertainty created by the Middle East conflict.

^NZ50ASX:WBCASX:WTNNZE:WBCNZE:WIN

Asia162d ago

Shanghai Electric Power Plans Financial Services Deal with SPIC Hong Kong Treasury Management

Shanghai Electric Power (SHA:600021) said its Hong Kong subsidiary plans to sign a three-year financial services agreement with related party SPIC Hong Kong Treasury Management.The deal, subject to shareholder approval, includes up to 60 billion yuan in loans, $500 million in daily deposits and 20 million yuan for other services.SPIC Hong Kong Treasury Management is a wholly-owned unit of the company's controlling shareholder, State Power Investment.Shares of the power company declined 1% in recent trade.

SHA:600021

Asia162d ago

Top Glove Issues Shares on Exercise of Warrants

Top Glove (SGX:BVA, KLSE:TOPGLOV) issued 500 new ordinary shares worth SG$0.40 apiece, arising from the exercise of warrants, according to a Tuesday Singapore Exchange filing.The issued shares will be listed on April 15, the filing said.

KLSE:TOPGLOVSGX:BVA

Asia162d ago

Guangdong Electric Power Development's Power Generation Rises 18% in Q1

Guangdong Electric Power Development's (SHE:000539) power generation increased 18% year over year to 29.8 billion kilowatt-hours in the first quarter, according to a Tuesday filing with the Shenzhen bourse.Coal-fired power generation jumped 23% year over year to 22.3 billion kWh, while gas-fired power generation fell 4.9% year on year to 4.55 billion kWh.Wind power generation surged 22% to 1.63 billion kWh, while photovoltaic power generation jumped 17% to 1.03 billion kWh.Hydropower generation rose 31% to 84 million kWh and biomass power output grew 13% to 195 million kWh.Installed capacity for the first quarter reached 47.5 million kilowatts.Shares increased nearly 1% during afternoon trading on Tuesday.

SHE:000539

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Asia162d ago

Australian Shares Rise; Qantas Airways Raises FY26 Fuel Cost Forecast Expectation to Up to AU$3.3 Billion

ASX 200ASX:CU6ASX:CWYASX:QAN