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Market Chatter: HSBC, Unit Partially Resume App Services After Lockout

HSBC Holdings (HKG:0005) and its unit Hang Seng Bank have been able to partially resume their app services after a glitch caused users to be locked out earlier in the day, the South China Morning Post (SCMP) reported Monday.The apps reportedly failed to grant access to customers by showing the app service as unavailable, or asking for valid email addresses and phone numbers, despite the details being registered in their database.HSBC is working to solve the technical issue and resume services, the newswire said citing a bank spokesperson. Some services are still unable, according to the SCMP.HSBC's banking app had previously become inactive for a number of hours in January, 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:0005

Asia21d ago

Lu'an Environmental Energy Development's Coal Sales Jumps 2.5% in May

Shanxi Lu'an Environmental Energy Development (SHA:601699) sold 4.2 million tons of commercial coal in May, jumping 2.5% from 4.1 million tons a year earlier, according to a Shanghai bourse filing on Saturday.The coal miner's shares fell 3% at the close of Monday's trade.The company's coal output slipped 1% year on year to 4.6 million tons.

SHA:601699

Asia21d ago

Mini Diamonds Bags INR140 Million Supply Order for Lab-Grown Diamonds

Mini Diamonds (India) (BOM:523373) has secured a domestic order worth 140 million Indian rupees from Kavish Jewels, according to a Monday filing to the Indian stock exchanges.The contract is for the supply of cut and polished lab-grown diamonds within four months.The company's shares were up over 2% in recent trade.

BOM:523373

Asia21d ago

Bharti Airtel Shareholders Approve Consolidation of Airtel Africa Stake

Bharti Airtel (NSE:BHARTIARTL, BOM:532454) said nearly 100% of its shareholders have approved a transaction to consolidate its holding in Airtel Africa, according to an Indian bourse filing on Monday.The deal involves issuing equity shares to Indian Continent Investment, a promoter group entity, in exchange for its 16.31% stake in Airtel Africa, the filing said. The transaction does not involve any cash outflow, it added.Bharti Airtel said its effective stake in Airtel Africa will rise to about 79% upon deal completion. The deal is subject to regulatory approvals, it added.Shares of Bharti Airtel rose nearly 1% in recent trade.

BOM:532454NSE:BHARTIARTL

Asia21d ago

Market Chatter: Reuters Poll Sees Taiwan Holding Policy Rates Steady in Upcoming Meeting

Taiwan's central bank is widely expected to keep interest rates unchanged at this week's policy meeting, with Reuters' economists also forecasting no change through 2027.The benchmark discount rate currently stands at 2%, last adjusted in 2024 when it was raised by 0.125 percentage points amid concerns over rising electricity costs, Reuters reported Monday.A Reuters poll showed nearly all economists expect the rate to remain steady on Thursday, with only a few anticipating a modest increase to 2.125%.Despite strong AI-driven export growth lifting Taiwan's economy, inflation has moved above the central bank's 2% comfort threshold, while energy and geopolitical risks could influence future policy direction, the news agency 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.)

Taiwan Weighted

Asia21d ago

XD Electric's Six Subsidiaries Bag Chinese State Grid's Bid for 1.90 Billion Yuan

China XD Electric's (SHA:601179) six subsidiaries were among the winning bidders of the State Grid Corporation of China's procurement bid for 1.90 billion yuan, according to a Shanghai bourse filing on Sunday.Shares of the power transmission and distribution equipment manufacturer jumped 10% at the close of Monday's trade.The awarded products included transformers, gas-insulated switchgear, circuit breakers, capacitors, instrument transformers and surge arresters.

SHA:601179

Asia21d ago

South Korea Shares Close Sharply Higher on US-Iran Peace Deal

South Korean shares closed sharply higher on Monday after the U.S. and Iran reached an agreement to end the war in the Middle East.The benchmark Korea Composite Stock Price Index, or Kospi, surged 5.2%, or 422.36 points, to close at 8,545.98. The Kosdaq increased by 0.5%, or 4.98 points, to end at 1,034.03.U.S. President Donald Trump said on Truth Social on Monday that the deal with Iran would keep the Strait of Hormuz permanently open "toll-free" to shipping. He also authorized the immediate removal of the U.S. naval blockade from the key waterway.The Korea Exchange activated a five-minute buy-side sidecar on the main Kospi market on Monday morning after a surge in buying activity triggered the market safeguard mechanism.In economic news, South Korea's information and communication technology (ICT) exports rose 128.9% to $47.79 billion in May from a year earlier, marking the highest-ever ICT export growth rate, the Ministry of Trade, Industry and Energy said in a Sunday release.In corporate news, Hanwha Ocean (KRX:042660) secured an order for the construction of four VLCC vessels worth 800.1 billion won from an unnamed Asian shipper.Shares of the shipbuilder rose nearly 9% at market close on Monday.

^KOSDAQKOSPIKRX:042660

Asia21d ago

Shanghai Shentong Metro to Sell 49% Stake Rail Maintenance Unit

Shanghai Shentong Metro (SHA:600834) plans to sell its 49% stake in Shanghai Shendiantong Rail Transit Technology via a public listing.The other 51% shareholder, Shanghai Electric Automation Group, has the right of first refusal, according to a weekend filing with the Shanghai bourse.Shanghai Shendiantong Rail Transit Technology provides comprehensive maintenance for Metro Line 5.Shares of the metro railway transport operator declined 1% in recent trade.

SHA:600834

Asia21d ago

Nikkei 225 Hits Record High on US-Iran Peace Breakthrough

Japanese shares surged to an all-time high and closed with gains on Monday, as investors reacted to the news of a peace agreement between the US and Iran to be signed later this week.The Nikkei 225 soared 3,297.46 points, or 4.99% to 69,317.50.Donald Trump, President of the United States, declared that a ceasefire has been agreed upon with Iran, and shipping through the Strait of Hormuz will be free of tolls."The Deal with the Islamic Republic of Iran is now complete," Trump wrote on Truth Social. He later added that, "This Great Deal will bring Peace and Security to the whole Region", and hinted that a more comprehensive peace agreement with Iran would follow.The unblocking of the Strait of Hormuz will be a huge relief for oil-import-dependent countries in Asia, including Japan, as the war in the Middle East led to production cuts and price hikes across industries.Investors are also closely eyeing the decisions by the U.S. and Japan's central banks this week.On the home front, British and Japanese leaders are set to finalize an 18 billion pound sterling agreement expected to create "tens of thousands of new jobs" in offshore wind, infrastructure, and finance, according to a statement on Saturday.Under the deal, several Japanese companies committed 5-year investments to UK projects, including 2 billion pounds sterling by Mitsubishi Estate(TYO:3481), 3.8 billion pounds sterling by Mitsui Fudosan (TYO:8801), and 500 million pounds sterling by Nomura Real Estate (TYO:3231).On the corporate side, Iyogin (TYO:5830) has begun purchasing Japanese government bonds for the first time in 10 years, starting with small amounts of super-long debt in April, Bloomberg News reported Monday, citing CEO Kenji Miyoshi in a recent interview.

Nikkei 225TYO:3231TYO:3481TYO:5830TYO:8801

Asia21d ago

Wuxi Taiji Industry Names Qin Chenfei Chairman; Shares Up 6%

Wuxi Taiji Industry (SHA:600667) elected Qin Chenfei as chairman.Qin serves as vice president of Wuxi Industry Development Group and director of Wuxi Xichan Microelectronics, according to a weekend filing with the Shanghai bourse..Shares of the company rose nearly 6% in recent trade.

SHA:600667

Asia21d ago

Market Chatter: Indian Rupee, Bonds to get Support From US-Iran Truce

The Indian rupee and government bonds are expected to benefit from a U.S.-Iran ceasefire agreement that has eased concerns over energy supplies and pushed oil prices lower, Reuters reported on Monday.The rupee is expected to strengthen beyond its Friday close of 95.11 per U.S. dollar, while bond yields could remain supported by softer crude prices and recent measures aimed at attracting foreign currency inflows, the report noted.Market participants will also focus on the U.S. Federal Reserve's policy decision this week, Reuters said. While interest rates are widely expected to remain unchanged, investors will watch for signals on the future policy path, according to the report.Foreign investors have increased purchases of Indian bonds in recent sessions, Reuters noted. Net buying worth 155.5 billion rupees since June 5 has exceeded cumulative purchases worth 155 billion rupees for the year through June 4, it added.(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.)

^BSENifty 50

Asia21d ago

Zhaoke Ophthalmology's Application for Children's Myopia Drug Accepted in Australia

Zhaoke Ophthalmology's (HKG:6622) registration application for Atropine Sulfate Eye Drops was accepted for evaluation by the Therapeutic Goods Administration of Australia, according to a Monday Hong Kong bourse filing.The drug is for slowing the progression of myopia in children.

HKG:6622

Asia21d ago

Café de Coral's Annual Profit Falls 30%, Final Dividend Declared; Shares Rise 16%

Café de Coral (HKG:0341) recorded an attributable profit of HK$164.1 million for the year ended March 31, down 30% from HK$232.7 million a year prior, according to a Monday Hong Kong bourse filing.Earnings per share fell to HK$0.29 from HK$0.40 in the previous fiscal year.Revenue slipped 4.5% to HK$8.18 billion from HK$8.57 billion.The company recommended a final dividend of HK$0.30 per share, payable Sept. 4 to shareholders on record as of Aug. 26, subject to shareholder approval.Shares of the restaurant operator rose 16% in recent trade.

HKG:0341

Asia21d ago

Laplace New Energy Technology Seeks Up to 2.2 Billion Yuan from Private Placement

Laplace New Energy Technology (SHA:688726) plans to raise up to 2.20 billion yuan from the sale of 121.6 million shares to 35 investors through a private placement, according to a Monday filing with the Shanghai bourse.The maker of process equipment for photovoltaic cells plans to use the proceeds from the shares placement for high-end photovoltaic and semiconductor equipment, project upgrades, and for working capital, among others.Shares rose 1% during afternoon trading on Monday.

SHA:688726

Asia21d ago

Strickland Metals Reports Positive Metallurgical Results at Serbia Gold Project

Strickland Metals (ASX:STK) said it has received positive metallurgical results from the second phase of test work for the 1.8 million ounce Gradina Deposit, part of its Rogozna gold and base metals project in Serbia, according to a Monday Australian bourse filing.The company said average gold recoveries of 94.3% and improved gold-in-concentrate grades averaging 21.1 grams per tonne were achieved, representing a significant increase from 2025 test work that returned average gold recoveries of 89.9%.Additional test work is now advancing to gain further detailed knowledge of areas containing gold and elevated base metal concentrations, ahead of finalizing plant design for the upcoming pre-feasibility study for the project, it added.

ASX:STK

Asia21d ago

Knowledge Atlas Launches Flagship Model; Release Expected Soon

AI company Knowledge Atlas Technology (HKG:2513) launched its latest-generation flagship model GLM-5.2, which will be released soon under the MIT license, according to a Monday Hong Kong bourse filing.The model supports long context lengths of up to 1 million tokens and is designed for long-horizon tasks.The artificial intelligence company believes the model will lead to higher call volumes for its open platform and API services.

HKG:2513

Asia21d ago

Guangdong Rongtai Industry Chair Resigns; Shares Up 7%

Guangdong Rongtai Industry (SHA:600589) said Zhang Wei resigned as chair due to career development reasons.Zhang remains as a nonindependent director, according to a weekend filing with the Shanghai bourse..Shares of the chemical materials producer were up 7% in recent trade.

SHA:600589

Asia21d ago

Kerjaya Prospek Unit Bags MYR529 Million Building Contract

Kerjaya Prospek (KLSE:KERJAYA) unit Kerjaya Prospek (M) accepted a 529.3 million ringgit building contract from BRDB Developments for a residential project in Kuala Lumpur, Malaysia.The contract covers construction of eight villa blocks with 146 units, along with car parks, basement parking, a clubhouse, and shared facilities, according to a Monday Malaysian bourse filing.The deal works begin on June 15, and are scheduled for completion within 33 months, it said.

KLSE:KERJAYA

Asia21d ago

Nine Dragons Paper Secures 2 Billion Yuan Term Loan Facility; Shares Up 8%

Nine Dragons Paper (HKG:2689) entered into a facility agreement to obtain a 2 billion yuan term loan facility from multiple banks in June, according to a Monday Hong Kong bourse filing.The facility has a term of three years. The filing did not disclose the interest rate, participating lenders, or intended use of proceeds.Shares of the paper manufacturer rose 8% in recent trading.

HKG:2689

Asia21d ago

Australian Shares Rally; Vault Minerals on Track to Deliver Fiscal Year 2026 Gold Production Guidance

Australian shares continued their rally on Monday after the US and Iran said they had reached a deal to reopen the critical Strait of Hormuz.The S&P/ASX 200 Index jumped 1.25%, or 110 points, to close at 8,914.US President Donald Trump said that the US and Iran would sign the agreement on Friday, and the Strait of Hormuz would open. Brent crude oil fell over 4% to around $83 per barrel.On the domestic front, capital city housing prices in Australia are forecast to fall 2.1% this year and 3.3% in 2027, ANZ Research said. The bank had previously forecast 2.8% growth in 2026 and 2.1% in 2027. It attributed the reduction in forecasts to a combination of global uncertainty, three consecutive cash rate hikes, and recent housing policy changes, which have led to a sharper-than-expected slowdown in the housing market.In company news, Vault Minerals (ASX:VAU) is on track to deliver fiscal year 2026 gold production guidance of 332,000 to 360,000 ounces after achieving production of 306,542 ounces in the fiscal year to date through May.Woodside Energy Group (ASX:WDS) confirmed in a bourse filing that it is not engaged in talks on a potential transaction with Exxon Mobil after media reports said it was among several potential acquisition targets being evaluated by the US energy giant.Ora Banda Mining (ASX:OBM) entered into a AU$233 million engineering, procurement, and construction contract with GR Engineering Services (ASX:GNG) to deliver a 3 million tonnes per annum processing plant at Ora Banda Mining's Davyhurst Mill Expansion Project in Western Australia.

ASX 200ASX:GNGASX:OBMASX:VAUASX:WDS

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