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Export-Import Bank of Korea Files for Singapore Listing of HK$4 Billion Bonds

Export-Import Bank of Korea filed for the listing of HK$4 billion worth of 3.324% bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Friday.The bonds will be listed and quoted in the Bonds Market on June 8, the filing added.

KOSPI^STI

Asia39d ago

Market Chatter: Indonesia Rolls Out Commodity Export Regulation

Indonesia on Friday formally issued a regulation to centralize the export of various natural commodities, Reuters reported the same day.President Prabowo Subianto had first announced the move bringing exports under the control of a state entity in May.While the regulation did not name the centralized entity, "the government has appointed Danantara Sumberdaya Indonesia (DSI) as the designated export SOE," Reuters said citing a fact sheet by the government's communication agency.Commodity exporters will conduct shipments through Danantara Sumberdaya Indonesia effective June 1, with all exports eventually only being carried out by the state entity after Dec. 31.(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

Asia39d ago

Market Chatter: Trump Officials Clash Over China Tech Policy Loopholes

An internal debate has consumed officials of the administration of U.S. President Donald Trump this week regarding the true scope of their year-long China technology strategy, Bloomberg News reported Friday.Sources indicate the administration may have unintentionally narrowed restrictions on Beijing's tech sector more than publicly acknowledged, according to the report.The potential gaps could permit Chinese firms like Alibaba to legally acquire servers equipped with Nvidia's most advanced AI chips outside mainland China, Bloomberg wrote.(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

Asia39d ago

Jefferies Adjusts Tokyo Steel Manufacturing's Price Target to 2,000 Yen From 1,800 Yen, Keeps at Buy

Tokyo Steel Manufacturing (TYO:5423) has an average rating of hold and mean price target of 1,695 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TYO:5423

Asia39d ago

China International Expecting Claim Judgement by July

China International (SGX:BEH) is expecting a judgement over a claim by Hubei Yuanda Construction by July, according to a Thursday bourse filing.The Yichang Yilling District Court in China held a hearing on June 3, with the company's legal counsel objecting Hubei Yuanda's claims and presented counter-evidence as defense.

SGX:BEH

Asia39d ago

Jefferies Adjusts Osaka Titanium Technologies' Price Target to 4,000 Yen From 3,300 Yen, Keeps at Buy

TYO:5726

Asia39d ago

Hong Kong Stocks End Week in Red; Three Firms Make Market Debut

Hong Kong stocks plunged Friday as tensions in the Middle East showed no signs of letting up and investors booked profits ahead of the weekend.The Hang Seng Index fell by around 291.45 points, or roughly 1.2%, to end at 24,961.95, while the Hang Seng China Enterprises Index decreased by 65.28 points, or around 0.8%, to close at 8,436.63.Investment sentiment in Asia was tepid as semiconductor stocks slumped on Wall Street after Broadcom's AI chip sales guidance fell short of market expectations.Investors were cautiously optimistic after U.S. President Donald Trump said that ceasefire negotiations are in their "final" stages, though Iran's foreign minister had earlier described the talks as stalled, according to media reports.Meanwhile, regional investors continue to withdraw capital from Hong Kong in favor of technology bets elsewhere, The South China Morning post reported.According to the report, mainland investors became net sellers last month after selling HK$3.6 billion worth of Hong Kong stocks, the first monthly outflow in three years."Conversations with market participants reveal that regional investors have been selling their positions in Hong Kong to fund purchases of regional tech names in South Korea, Taiwan and Japan," Richard Tang, head equity research analyst for Asia at Julius Baer, was quoted as saying.In corporate news, three firms made their market debut with mixed performances.LongBio Pharma (HKG:1779) shares closed at HK$131.80 each, 37% above their initial public offering price of HK$96.06 in a strong Hong Kong debut.Dajin Heavy Industry (HKG:1081, SHE:002487) remained flat after closing at HK$66.40 per share, matching its IPO price, while Lung Fung Group (HKG:2290) closed at HK$2.81 per share, 45% below its IPO price of HK$5.18 in a tepid Hong Kong debut.

Hang SengHKG:1081HKG:1779HKG:2290SHE:002487

Asia39d ago

Market Chatter: Taiwan to Establish Forced Labor Review Mechanism After US Flagging

Taiwan's Ministry of Labor said it will set up a review mechanism to restrict imports of goods linked to forced labor, after the U.S. proposed to impose tariffs on imports from several countries accused of not preventing forced-labor-related trade, Taiwan News reported Thursday.The ministry said the U.S. plan is still under discussion and not finalized, and is not aimed solely at Taiwan. It added that Taiwan has already made commitments on forced labor issues during trade talks with the US, according to the news outlet.Officials said Taiwan has been placed in a lower tariff risk group, reflecting recognition of its efforts. The government also stressed that forced labor violations are a serious concern affecting human rights and global supply chains. Taiwan will work with its economic authorities to establish a screening process, 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.)

Taiwan Weighted

Asia39d ago

Hindustan Construction Wins INR1.27 Billion Hydropower Construction Contract in Bhutan

Hindustan Construction (NSE:HCC, BOM:500185) has secured a contract worth about 1.27 billion Indian rupees from Wangchhu Hydroelectric Power, Bhutan, according to an Indian bourse filing on Friday.The contract is for construction works at the Wangchhu Hydroelectric Project, the filing said. The scope includes constructing diversion tunnels, hydromechanical gates and cofferdams, it added.The project is scheduled for completion within nine months, the company said in the filing.Shares of the company fell nearly 1% in recent trade.

BOM:500185NSE:HCC

Asia39d ago

Taiwan's Annual Inflation Accelerates to 2.2% in May

Taiwan's annual inflation rate accelerated to 2.2% in May from 1.74% in April, according to data from National Statistics on Friday.Core inflation, which excludes selected food and energy items, increased to 2.12% in May from 1.91% in April.

Taiwan Weighted

Asia39d ago

Bharat Heavy Electricals Wins INR210 Billion EPC Contract

Bharat Heavy Electricals (NSE:BHEL, BOM:500103) has received an EPC order worth 210 billion rupees from Meja Urja Nigam for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II in Prayagraj, Uttar Pradesh, according to an Indian bourse filing on Friday.The scope covers "design, engineering, manufacturing, supply, construction, erection, testing and commissioning works," the filing said. The project is scheduled for completion within 70 months from the date of award, it added.Meja Urja Nigam is a 50:50 joint venture between NTPC (NSE:NTPC, BOM:532555) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd., according to the filing.Bharat Heavy Electricals shares fell nearly 1% in recent trade.

BOM:500103BOM:532555NSE:BHELNSE:NTPC

Asia39d ago

Huneed Technologies Lands KRW7.53 Billion Boeing Contract for H-47 Avionics

Huneed Technologies (KRX:005870) secured a supply order for H-47 avionics equipment from global aerospace company The Boeing Co., according to a Friday filing with the Korea Exchange.The order, valued at 7.53 billion won, is valid until Oct. 16, 2028.Shares of the aerospace and defense manufacturer fell nearly 3% at market close.

KRX:005870

Asia39d ago

NTPC, UPRVUNL Sign Supplementary JV Agreement for Meja Capacity Expansion

NTPC (NSE:NTPC, BOM:532555) and Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) signed a supplementary joint venture agreement on June 4, for Meja Urja Nigam, according to a same-day filing on Indian bourses.Meja Urja Nigam is a 50:50 joint venture between NTPC and UPRVUNL.The agreement updates the joint venture framework to include capacity expansion at Meja Stage-II to 3x800 MW from 2x660 MW.NTPC shares fell nearly 2% in recent trade.

BOM:532555NSE:NTPC

Asia39d ago

Market Chatter: Top Chinese Insurers Start Buying Dimsum Bonds Through Bond Connect

China's top insurance companies made their pilot purchases of renminbi-denominated offshore bonds, called dimsum bonds, through the Southbound Connect program, Bloomberg News reported Friday, citing insiders.Ping An Insurance (SHA:601318, HKG:2318), China Life Insurance (HKG:2628, SHA:601628) and Taikang Insurance Group are among the top insurers that have access to the Bond Connect, the sources told Bloomberg.At least two insurers have bought the dimsum bonds since through the program, the report said.Ping An and China Life are yet to reply to' request for comment, while Taikang currently does not have an email address.In a reply, the National Financial Regulatory Administration told Bloomberg that it agreed to some of the insurers' moves to invest in eligible bonds through the program, 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^SZSEHKG:2318HKG:2628SHA:601318SHA:601628

Asia39d ago

DL E&C Wins Jeju Clean Energy Power Plant Equipment Order from Korea East-West Power

DL E&C (KRX:375500) secured a conditional purchase order of the Jeju clean energy combined cycle power plant power block and auxiliary facilities from Korea Electric Power Corporation (KRX:015760) subsidiary Korea East-West Power.The order, valued at 499.9 billion won, is valid till Apr. 30, 2030, the construction company said in a Friday filing with the Korea Exchange.Shares of DL E&C rose nearly 1% at market close, while those of Korea Electric Power Corporation fell nearly 2%.

KRX:015760KRX:375500

Asia39d ago

Market Chatter: TSMC Says Burgeoning AI Chip Demand Straining Supply Chain

Taiwan Semiconductor Manufacturing (TPE:2330) said booming demand for artificial intelligence chips is weighing on global supply chains, with shortages now affecting both chip capacity and manufacturing equipment, Taipei Times reported Friday, citing company Chairman C.C. Wei.Wei said customer demand has grown faster than the company can currently supply, forcing TSMC to speed up expansion plans. He noted that the entire AI ecosystem - including memory, packaging, testing, and cooling-remains tight as growth has outpaced industry readiness, the report said.Despite the constraints, he expects supply and demand to eventually rebalance over time. Wei also downplayed competitive threats, saying Taiwan's AI chip industry retains a strong global edge, according to the news outlet.(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.)

TPE:2330

Asia39d ago

China Shares Down on Tech Selloff, Middle East Tensions; Tongding Interconnection Information Shares Fall 7%

Chinese shares were down on Friday amid a technology stock selloff and rising hostilities in the Middle East.The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.7% to 4,027.74. The Shenzhen Component Index fell 2.2% to 15,314.70.Profit-taking in technology stocks prompted a defensive shift among investors ahead of the weekend, Reuters reported. Also, a selloff driven by AI concerns after Broadcom's lackluster earnings report on Wednesday continued for a second straight day.Meanwhile, Hezbollah rejected a U.S.-brokered ceasefire deal between Israel and Lebanon.In company news, Tongding Interconnection Information (SHE:002491) completed the registration for two new companies in Shaoguan's Qujiang District in Guangdong, China. Shares of the industrial automation equipment manufacturer closed 7% lower Friday.

Shanghai Composite^SZSESHE:002491

Asia39d ago

Market Chatter: China Solar Giants Pivot to Battery Storage

Facing weaker domestic installations, slowing exports, and record-low prices, China's top solar panel makers are rushing into battery storage, Reuters reported Friday.Jinko Solar (SHA:688223) plans to boost storage capacity to up to 14 gigawatt-hours by year-end from 5 gigawatt-hours, according to the report.JA Solar (SHE:002459) showcased storage products at the International Photovoltaic Power Generation and Smart Energy Conference & Exhibition, marking a shift from pure photovoltaic displays, Reuters wrote.Trina Solar's (SHA:688599) storage shipments more than quadrupled year on year in the first quarter, according to the report.Executives see storage as "the second growth curve" as global demand for renewables storage surges, Reuters wrote.(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^SZSESHA:688223SHA:688599SHE:002459

Asia39d ago

Market Chatter: India Reviews Spending Cuts as Higher Oil Prices Raise Subsidy Burden

India's government is reviewing possible spending cuts in parts of the federal budget as rising oil prices increase subsidy costs and threaten Indian government's fiscal consolidation roadmap, Bloomberg reported, citing officials familiar with the matter.The options have been discussed in recent meetings with Finance Minister Nirmala Sitharaman over the past month, though no final decision has been taken, the officials told Bloomberg.Capital expenditure and defense spending are unlikely to be reduced, the report noted. Officials are rather examining areas such as water resources and state loans for potential trimming, it added.The Finance Ministry did not respond to Bloomberg's request for comment, 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.)

^BSENifty 50

Asia39d ago

South Korean Shares Plummet as Global Tech Selloff Hits Seoul Chip Giants; Samsung Loses 6%, SK Hynix Falls 9%

South Korean shares plunged at market close on Friday to end the week in red, as investors offloaded key chip stocks following overnight weakness in US semiconductor stocks.Market-moving semiconductor manufacturers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) witnessed losses of over 6% and 9% in their stocks at the end of the trading day.The Korea Composite Stock Price Index or Kospi fell 478.82 points, or 5.5%, to end at 8,160.59. The Kosdaq also decreased by 47.29 points, or 4.5%, to close at 1,002.44.In economic news, South Korea booked a current account surplus of $28.3 billion in April, down from $37.9 billion in March, according to data from the Bank of Korea published Friday.The figure beat analysts' $11.4 billion surplus forecast, according to Trading Economics.In corporate news, TES (KOSDAQ:095610) secured a semiconductor manufacturing equipment contract from chipmaker SK Hynix, the South Korean manufacturer of chips, solar cell, and display equipment.The contract, valued at 21.2 billion won, is valid until Jan. 15, 2027. Its shares closed over 2% higher.

^KOSDAQKOSPIKOSDAQ:095610KRX:000660KRX:005930

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