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Unisound AI Technology Launches New Large Language Model

Unisound AI Technology (HKG:9678) launched U2, a new generation of its proprietary large language model, according to a Monday Hong Kong bourse filing.The AI services provider said the model uses a mixture-of-experts architecture and features 266 billion parameters, with a focus on improving reasoning capabilities and token efficiency.Unisound described U2 as a native agent-driven model capable of task planning, execution, validation, and optimization, with applications across areas including healthcare, insurance, and transportation.

HKG:9678

Asia34d ago

Insilico Medicine to Join FTSE Global Equity Index Series

Insilico Medicine (HKG:3696) will be added to the FTSE Global Equity Index Series following FTSE Russell's quarterly review, according to a Monday Hong Kong bourse filing.The artificial intelligence drug discovery company will join the FTSE Global Small Cap Index, FTSE Global All Cap Index, and FTSE Global Total Cap Index, with the changes taking effect on June 22.

HKG:3696

Asia34d ago

AK Medical Expands Share Repurchase Plan to HK$500 Million

AK Medical's (HKG:1789) board approved an increase in the budget for on-market share repurchases to HK$500 million from HK$150 million, according to a Monday Hong Kong bourse filing.The company plans to repurchase shares through June 17 under an existing mandate that allows it to buy back up to 112.3 million shares, or 10% of its issued share capital as of the 2025 annual general meeting.AK Medical said it intends to hold repurchased shares as treasury shares rather than cancel them.

HKG:1789

Asia34d ago

Korea Exchange Halts Kospi, Kosdaq Trading for Five Minutes After Strong Sell-Off

The Korea Exchange activated a five-minute sell-side sidecar on the country's primary and secondary stock market on Monday morning as concerns rose over the semiconductor sector, and investor sentiment was dragged down by fears of further interest rate hikes after the better-than-expected May U.S. jobs report.The Korea Exchange announced the order at 9:34 am after the KOSPI200 Futures shed 81.30 points, or 6.3%, to trade at 1,216.85.The five-minute sell-side sidecar on Kosdaq was activated after the KOSDAQ150 Futures shed 140.60 points, or 7.95%, to trade at 1,625.90.A sell-side sidecar is activated when the KOSPI200 Futures index or the KOSDAQ150 futures decline 5% or more for at least one minute.

^KOSDAQKOSPI

Asia34d ago

Saimo Technology Partners With Pateo Connect, Xunce Technology to Advance In-Vehicle AI

Beijing Saimo Technology (HKG:2571) entered into a two-year cooperation framework agreement with Pateo Connect Technology (HKG:2889) and Shenzhen Xunce Technology (HKG:3317) to explore artificial intelligence applications in intelligent vehicles, according to a Monday Hong Kong bourse filing.The companies plan to collaborate on areas including usage-based AI services, in-vehicle operating systems, physical AI, and world-model applications.The proposed cooperation also covers AI agent deployment, usage-based billing and settlement mechanisms, device-cloud collaboration, and data monetization.

HKG:2571HKG:2889HKG:3317

Asia34d ago

SIA Engineering, Safran Form Singapore LEAP Engine JV

SIA Engineering (SGX:S59) and Safran Aircraft Engines agreed to form a joint venture in Singapore to provide maintenance, repair, and overhaul services for CFM LEAP engines, according to a Friday bourse filing.Safran Aircraft Engines will own 51% of the venture, while SIA Engineering will hold the remaining 49%.The partners plan to invest up to $118 million in the venture, which will service LEAP-1A and LEAP-1B engines and expand maintenance capacity in the region.

SGX:S59

Asia34d ago

Japan Stocks Open Lower After Wall Street Tech Selloff

Japanese equities opened Monday's trading lower as rising expectations of prolonged high U.S. interest rates triggered Wall Street's AI selloff.The Nikkei 225 fell 640.6 points or nearly 1% to open at 65,947.56.At home, Japan's economy expanded at an annualized rate of 1.8% in the first quarter, according to Cabinet Office data released on Monday.Market participants are also raising bets on a potential interest rate increase by the Bank of Japan at its upcoming policy meeting next week, as the nation faces inflationary pressures.Elsewhere, Middle East hostilities escalated following Iran's missile launches toward Israel.

Nikkei 225

Asia34d ago

South Korea's President Lee Proposes Former Naver Chief Han Seong-sook as New Prime Minister

South Korean President Lee Jae Myung has nominated Han Seongsook, the Minister of SMEs and Startups and former chief executive of internet company Naver (KRX:035420), as the country's next prime minister, the presidential office said Sunday.If confirmed by parliament, Han would become the country's first female prime minister in two decades, Reuters said in a same-day report.

^KOSDAQKOSPIKRX:035420

Asia34d ago

Market Chatter: IndiGo Faces Delays to Airbus A321XLR Deliveries

InterGlobe Aviation's (BOM:539448, NSE:INDIGO) IndiGo is unlikely to receive all nine Airbus A321XLR aircraft scheduled for delivery this year as Airbus falls behind on deliveries of the long-range jet, Bloomberg News reported Friday, citing people familiar with the matter.The airline was expected to receive the aircraft by year-end, but deliveries of some units have reportedly been pushed back by several months.Bloomberg reported that IndiGo has been told the conflict in the Middle East is disrupting Airbus' supply chain. The carrier is now negotiating with the planemaker for more favorable delivery slots, according to the report.IndiGo has received two A321XLR aircraft so far and is operating them on routes to Athens and Istanbul, the report 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.)

BOM:539448NSE:INDIGO

Asia34d ago

Impact Therapeutics Nets HK$120 Million From Full Exercise of IPO Overallotment Option

Impact Therapeutics (HKG:7630) said the overallotment option of its Hong Kong initial public offering was fully exercised on Friday, according to a same-day Hong Kong bourse filing.The Chinese biopharmaceutical company expects to raise about HK$119.5 million in additional net proceeds.The exercise involved the issue of 6.3 million additional H-shares at HK$20.10 each, representing about 15% of the total offer shares initially available under the global offering.Dealings in the overallotment shares are expected to begin on June 10, the filing said.

HKG:7630

Asia34d ago

Ichigo Concludes 10 Billion Yen Share Buyback

Ichigo (TYO:2337) completed its share repurchase program, buying back 22.3 million shares for nearly 10 billion yen between Nov. 7, 2025, and June 5, 2026.In the final five days of the program, the company acquired an additional 683,800 shares worth 306.9 million yen, according to a Tokyo bourse filing on Friday.The total repurchased amount reached the maximum of authorized 10 billion yen, with all purchases conducted through in-market transactions via a securities firm.

TYO:2337

Asia34d ago

Jins' All-Store Sales Jump 26% in May

Jins' (TYO:3046) all-store sales jumped 26% year on year in May, according to a Tokyo Stock Exchange filing on Friday.Existing-store sales of the eyeglass retailer grew 17% during the month under review.Jins opened six stores and closed none during the month, expanding its network to 581.

TYO:3046

Asia34d ago

Singapore's Effissimo Capital Increases Voting Rights in Konica Minolta

Singapore-based Effissimo Capital Management has raised its voting rights in Konica Minolta (TYO:4902) to 10.73% from 9.67%, according to a large shareholding report filed on June 2.The change reflects an increase from approximately 48 million shares to over 53.3 million shares held by the investment firm, a Tokyo bourse filing on Friday showed.

TYO:4902

Asia34d ago

Activia Properties Secures 6 Billion Yen Loan to Refinance Existing Debt

Activia Properties (TYO:3279) has arranged a 6 billion yen long-term loan from Sumitomo Mitsui Banking Corp. to redeem an existing borrowing of the same amount, according to a Tokyo bourse filing on Friday.The new loan carries an interest rate of 0.265% plus the one-month JBA Japanese Yen TIBOR, with a drawdown date of June 12, 2026, and maturity on June 12, 2033.The new loan is structured as a green loan under SMBC's Sustainable Finance Framework, which has received a second opinion from the Japan Credit Rating Agency.

TYO:3279TYO:8309

Asia34d ago

Market Chatter: Japanese Corporate Real Estate Sales Hit 18-Year High as Firms Boost Efficiency

Corporate property sales in Japan rose 9% to 1.23 trillion yen in 2025, marking the highest level in nearly two decades, as listed companies shed assets to improve profitability, Nikkei reported on Sunday.Food maker Ajinomoto (TYO:2802) sold its Tokyo headquarters and will relocate functions this summer, while Yamato Holdings (TYO:9064) offloaded four properties, including its Ginza office, the news daily said.Engineering firm IHI (TYO:7013) planned three sales in Koto ward, expected to generate 56.8 billion yen in capital gains, over 80% of which will be booked this fiscal year, the publication said.The trend reflects growing pressure on Japanese firms to streamline operations and raise return on equity, aligning with broader shareholder-driven governance reforms, 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 225TYO:2802TYO:7013TYO:9064

Asia34d ago

South Korean Shares Open Lower

South Korean stocks opened lower Monday, tracking losses on Wall Street on Friday after a hot U.S. jobs report fueled expectations of further interest rate hikes by the Federal Reserve.Major heavyweight stocks led the decline in early trading, with Samsung Electronics (KRX:005930) declining over 9% and SK Hynix (KRX:000660) falling over 8%.The benchmark Korea Composite Stock Price Index, or Kospi, fell 1.4%, or 112.5 points, to open at 8,048.09. The Kosdaq shed 4.4%, or 42.83 points, to open at 959.61.

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Asia34d ago

India Scraps Capital Gains Tax on FII Government Bond Investments

The Indian government on Friday removed the capital gains tax, both long-term and short-term, on investment by foreign institutional investors (FIIs) in government bonds as well as the withholding tax they must pay on the interest income from these debt instruments.India has exempted FIIs and the Bank for International Settlements from CGTs on receipts arising from interest or sale of government securities.The exemption will take effect retrospectively from April 1, according to a statement by the Ministry of Finance.At present, FIIs pay 12.5% tax on long-term capital gains, 30% on short-term capital gains, and around 20% withholding tax on interest income.The move is seen as an attempt to rein in the fall in the value of the Indian rupee and attract more foreign investment.

^BSENifty 50

Asia34d ago

Market Chatter: China's Rare Earth Exports to Japan Plunge, Pushing Firms to Seek Alternatives

China's shipments of seven restricted rare earths to Japan fell 88% in March and 82% in April, following tighter export rules introduced in January, Nikkei Asia reported on Monday.Key elements like dysprosium and terbium have seen zero exports since January, while yttrium shipments dropped over 90% in the first four months of the year, the publication said.China dominates global rare earth production and refining, accounting for 70% and 90% respectively, the news agency said.In response, Japanese companies are turning to alternative sources such as Australia, where JX Advanced Metals (TYO:5016) has acquired a stake in mineral deposits, the report said.The export curbs follow geopolitical tensions related to comments by Japan's prime minister regarding Taiwan, according to Nikkei.(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:5016

Asia34d ago

Market Chatter: Banks Move to Seize Sheraton Hong Kong Hotel After Shimao Loan Default

A group of lenders is preparing to take control of a Sheraton-branded hotel near Hong Kong's airport after owner Shimao Group Holdings (HKG:0813) defaulted on a HK$4.5 billion ($575 million) loan late last year, Bloomberg News reported Friday, citing people familiar with the matter.The 1,200-plus-room property is at the center of advanced talks to appoint receivers, allowing banks to accelerate a sale and recover funds, the people told the media outlet. Original lenders to the project include HSBC (HKG:0005), Bank of China (Hong Kong) (HKG:3988), and Bank of East Asia (HKG:0023), the report said.Shimao has yet to respond to MTNewswire's query as of press time.(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:0005HKG:0023HKG:0813HKG:3988

Asia34d ago

GNI to Acquire Ayumi Pharmaceutical in 44.8 Billion Yen Deal; Blackstone-Backed Fund Becomes Top Shareholder

GNI (TYO:2160) has resolved to acquire all shares of Ayumi Pharmaceutical for 44.8 billion yen, turning it into a wholly owned subsidiary to gain a commercial platform in Japan's pharmaceutical market, according to three Tokyo bourse filings on Friday.To fund the acquisition, GNI will issue nearly 10 million new shares via third-party allotment to Ayumi's existing shareholders, namely Blackstone affiliate BCP Asia AYM, Toho (TYO:8129), and Hisamitsu Pharmaceutical (TYO:4530), with 26.8 billion yen of the purchase price settled through contribution in kind.The remaining 18 billion yen will be paid in cash, partially financed through a 20 billion yen loan from Mizuho Bank and SBI Shinsei Bank.As a result, BCP Asia AYM will become GNI's largest major shareholder with a 10.63% voting rights stake after the transaction.The deal is expected to close between June and September, pending regulatory approvals and securities registration effectiveness.Ayumi Pharmaceutical owns Ayumi Pharmaceutical Co., a maker of antipyretic analgesics and anti-rheumatic drugs, which has shown steady revenue growth from 31 billion yen to 38.5 billion yen over three years.

TYO:2160TYO:4530TYO:8129

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