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Goldiam International's Consolidated Profit Rises in Fiscal Q3; Shares Up 3%

Goldiam International's (NSE:GOLDIAM, BOM:526729) consolidated profit after tax rose to 393.9 million Indian rupees in the fiscal fourth quarter ended March 31, from 270.2 million rupees a year ago.Earnings per share came in at 3.30 rupees from 2.17 rupees a year earlier, the jewelry company said in a filing to the Indian bourses on Wednesday.Revenue from operations in fiscal Q4 also increased to 2.35 billion rupees from 1.99 billion rupees a year ago.The company's shares were up nearly 3% in recent trade.

BOM:526729NSE:GOLDIAM

Asia45d ago

Advance Residence Investment Enters Interest Rate Swap for 1.56 Billion Yen Loan

Advance Residence Investment (TYO:3269) decided to enter into an interest rate swap agreement to protect against the risk of interest rate fluctuations related to a 1.56 billion floating-rate long-term loan scheduled to be borrowed on May 29.The swap, executed with MUFG Bank on May 27, covers a notional principal of 1.56 billion from May 29, 2026, to April 28, 2033.Under the agreement, the REIT will pay a fixed rate of 2.69875% and receive the one-month yen TIBOR, effectively fixing the interest rate on the loan at 2.85875%.The move locks in borrowing costs for the 6.9-year tenor and ensures stability in interest payments.

TYO:3269

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Toho Titanium Set for May 28 Delisting Following Shareholder Approval of Share Exchange

Toho Titanium (TYO:5727) will be delisted from the Tokyo Stock Exchange on May 28, after shareholders approved the proposed share exchange agreement with JX Advanced Metals (TYO:5016) at an extraordinary general meeting held on April 24.The approval triggers the delisting criteria under the Securities Listing Regulations, making Toho Titanium a wholly-owned subsidiary of JX Advanced Metals, according to its Tokyo bourse filing on Wednesday.As a member of the JX Advanced Metals Group, Toho Titanium pledged to continue enhancing corporate value and contributing to society.

TYO:5016TYO:5727

Asia45d ago

Market Chatter: Japan's Spot Power Price Rises Amid Supply Constraints, Higher Temperatures

Japan's spot power price increased 2.4% from the previous day to 22.36 yen per kilowatt-hour on Wednesday, its highest since April 9, Bloomberg News reported.The price increase stemmed from an increase in demand due to forecasts of warmer-than-usual weather as well as narrower fuel supplies due to the Middle East war, the report said.Among Japan's areas, the power rate hit 23.29 yen per kilowatt-hour in Tohoku and 24.39 yen in Tokyo, according to the report.The temperature in Tokyo could hit 31 degrees Celsius on Friday, significantly higher than normal, with the conditions expected to linger through late next week, the report cited weather agency Visalia as saying.In response, the Organization for Cross-regional Coordination of Transmission Operators requested that TEPCO Power Grid carry out changes in maintenance outage times for Friday, the report said.Japanese utilities have also adopted more coal power generation amid limited LNG supplies due to the Middle East conflict, with levels in the Kansai region reaching their peak since March on Tuesday, according to the report.(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 225

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Market Chatter: China Stockpiles 200 Million Metric Tons of Coal Ahead of Summer Heat Wave

China has amassed over 30 days of coal reserves ahead of an expected El Niño-driven summer heat wave and power crunch, Nikkei Asia reported Wednesday.Peak electricity demand is forecast to rise about 5% year on year, equivalent to 90 gigawatts, or the entire power needs of Henan province, according to the report.As of April, power plants held roughly 200 million metric tons of coal, enough for at least 30 days of supply, Nikkei Asia wrote.Thermal coal still powers over 60% of China's grid, according to the report.(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

Asia45d ago

Bharat Coking Coal Begins Commercial Operations at Bhojudih Coal Washery in India

Bharat Coking Coal (NSE:BHARATCOAL, BOM:544678) has begun commercial operations at its 2.0 million tons per annum (MTPA) Bhojudih coal washery in India from May 26, according to a Wednesday filing with the Indian bourses.The new coal washery is a three-product medium coking coal washery with a raw coal washing capacity of 2 MTPA with technologies such as heavy media cyclone, spiral concentrator, and froth flotation for the beneficiation of coking coal.The washery will help facilitate the production of washed coking coal for supply to the steel sector.The company's shares were up nearly 2% in recent trade.

BOM:544678NSE:BHARATCOAL

Asia45d ago

Kuaishou Technology's Profit Falls in Q1

Kuaishou Technology (HKG:1024) posted a profit attributable to equity holders of 2.90 billion yuan for the first quarter, down from 3.98 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share came in at 0.66 yuan, compared with 0.91 yuan in the prior-year period.Revenue increased 3.4% to 33.7 billion yuan from 32.6 billion yuan a year earlier.

HKG:1024

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South Korean Stocks Hit New High Above 8,200 Points as Samsung, SK Hynix Rally

South Korean stocks climbed for a fourth straight session on Wednesday to a new record above the 8,200-point level, led by strong gains in Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added nearly 3% and over 9% respectively.Investors also assessed renewed Middle East tensions alongside efforts toward a peace agreement between the U.S. and Iran.The Korea Composite Stock Price Index or Kospi jumped by 181.19 points, or 2.3%, to end at 8,228.7. The Kosdaq decreased by 39.39 points, or 3.4%, to close at 1,133.13.In economic news, the composite business sentiment index in all industries in South Korea increased four points to 98.9 in May from 94.9 in April, while the outlook for the next month added 3.7 points to 97.6, according to data released by the Bank of Korea on Wednesday.The latest print marked the highest in over three years.The seasonally adjusted composite business sentiment index for the manufacturing sector added 1.7 points to 100.8, while the outlook for the following month also added 2.3 points to 100.3, the central bank said.For the non-manufacturing sector, the seasonally adjusted composite business sentiment index increased 5.4 points to 97.5, while the outlook for the following month added 4.7 points to 95.9.In corporate news, Aamajority of Samsung Electronics' largest labor union approved a compensation agreement that will provide chip workers with average bonuses of about 513 million won, or $340,000 each, Bloomberg News reported Wednesday.Around 74% of union members backed the deal after weeks of negotiations.The move follows a similar bonus payout agreement reached in 2025 by competitor SK Hynix, though Samsung's actual bonus payments will largely depend on earnings and chip demand.In other news, Samsung Electronics also plans to invest $1.5 billion in Vietnam to build its first chip testing factory in the country, The Economic Times reported Wednesday, referring to a company document reviewed by Reuters.Construction has already begun at an industrial park about 60 kilometers north of the Vietnamese capital of Hanoi, with operations expected to start in November 2027.

^KOSDAQKOSPIKRX:000660KRX:005930

Asia45d ago

GLP J-REIT Refinances 2.18 Billion Yen Debt Ahead of Maturity

GLP J-REIT (TYO:3281) decided to refinance 2.18 billion of its existing borrowings due June 30, using new loans from Daishi Hokuetsu Bank and The Bank of Iwate.The new borrowings, totalling 2.18 billion, will be drawn on June 30, 2026, with repayment set for June 2031 and June 2032, respectively, according to a Tokyo bourse filing on Wednesday.The move is part of the company's plan to fix interest rates earlier amid a rising rate environment and to diversify funding sources with new lenders, it said.The transaction's impact is already reflected in earnings forecasts for the fiscal period ending August.

TYO:3281

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Arkade Developers Acquires Cluster Redevelopment Rights of Nine Residential Societies in Mumbai, India

Real estate company Arkade Developers (NSE:ARKADE, BOM:544261) acquired the cluster redevelopment rights of nine residential societies in Mumbai, India, according to a Wednesday filing to the Indian stock exchanges.The redevelopment will feature premium residences and will have a saleable area of 325,000 square feet with a projected gross development value of 11 billion Indian rupees.The company's shares were up over 1% in recent trade.

BOM:544261NSE:ARKADE

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Market Chatter: India's GIFT City Draws Investors Seeking Global Equities

India's Gujarat International Finance Tec-City (GIFT City) is attracting investors seeking global equities with its relaxed limits, Nikkei Asia reported Wednesday.GIFT City is exempt from India's $7 billion industry-wide cap on combined overseas investments of all mutual funds, the report said.The limit for funds outside GIFT City has been reached, forcing the investment arms of global funds like Schroders, J.P. Morgan, or HSBC to stop accepting fresh subscriptions. Therefore, they are turning to Gujarat's financial hub to push their funds, the report said.A country-agnostic equity fund launched in GIFT City by DSP Asset Managers garnered nearly $30 million in subscriptions since its launch in June 2025 and expects inflows to cross $200 million in a couple of years, according to the report."It's not country specific but sector specific, with investors focusing on themes like AI, semiconductors and cloud computing," Nikkei quoted Jay Kothari, DSP's head of international business and lead investment strategist, as saying.(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

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Hong Kong Stocks Fall on Persian Gulf Ceasefire Doubts; Three Firms Shine on Debut

Hong Kong stocks fell sharply on Wednesday as elevated oil prices and uncertainty over the durability of the U.S.-Iran ceasefire weighed on sentiment.The Hang Seng Index fell 1.1%, or 271.22 points, to close at 25,328.23, while the Hang Seng China Enterprises Index dropped 1.3%, or 113.87 points, to finish at 8,463.02.Iran said Tuesday that the U.S. had violated the ceasefire by launching strikes near the contested Strait of Hormuz, raising fresh doubts over prospects for ending the conflict.Meanwhile, Israel launched more than 120 airstrikes across Lebanon on Tuesday in one of the heaviest waves of bombardment in weeks, according to Lebanese security sources, Reuters reported.Tehran has demanded an end to Israeli operations in Lebanon as part of any broader agreement.Meanwhile, oil prices retreated from recent highs, giving back part of the previous session's gains as traders looked for clearer signals on U.S.-Iran negotiations after renewed hostilities disrupted efforts to reopen the Strait of Hormuz.In corporate news, three companies made their debut on the Hong Kong bourse.Viewtrix Technology (HKG:3310) closed nearly 92% higher at HK$39.90, compared with its offer price of HK$20.81.Shenzhen SDMC Technology (HKG:0901) gained 87% to close at HK$61.20, versus its offer price of HK$32.80.Beijing DeepZero Technology (HKG:2723) advanced nearly 266% to end the session at HK$203, compared with its offer price of HK$55.50.

Hang SengHKG:0901HKG:2723HKG:3310

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Japan Automakers to Further Lag in Electrification Amid Hybrid Focus, Lack of Policy Push, S&P Says

Japan's automakers will further lag global competitors in electrification, S&P Global Ratings said in a Wednesday release.The country's vehicle producers have responded to the rising demand for low-carbon vehicles by offering hybrids, but this is unlikely to make them competitive with foreign peers, S&P said.The strategy will also fail to anchor Japan's long-term decarbonization efforts, while the country's policy conditions do not encourage automakers to accelerate their shift to full electrification, the rating agency said.Japan's policies have focused on incentivizing demand, with no decisive incentives for the producers, unlike other markets such as South Korea and Europe where both sides are being prioritized, S&P said.S&P considers Japan's battery electric vehicle and plug-in hybrid adoption as among the laggards in G-7 countries.The country's auto sector decarbonization mainly stems from fuel efficiency rather than electrification, with above 95% of electrified auto sales still accounting for internal combustion engines, S&P said.

Nikkei 225

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Market Chatter: Malaysia Imposes 10% Duty on Gold Bar Imports

Malaysia has introduced a 10% import duty on certain gold bar shipments, Bloomberg News reported Tuesday, citing traders and dealers.Traders said some gold imports have been subjected to the new duty since early May, causing delays at customs and forcing some shipments to be rerouted. The additional cost has made imports commercially unviable, as local gold prices have not increased enough to offset the tax burden, according to the report.The Royal Malaysian Customs Department confirmed that the Ministry of Finance would engage with industry players regarding the taxation of minted gold products, the news agency reported.(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.)

FTSE Bursa Malaysia KLCI

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Market Chatter: China to Expand Travel Restrictions to Top AI Professionals

Chinese authorities will now require government approval for top artificial intelligence professionals in private companies to travel abroad, Bloomberg reported Tuesday, citing people familiar with the matter.The curbs signal increasing Chinese intervention to safeguard its technology as it competes with the U.S. and to prevent brain drain, the report said.Government agencies have imposed restrictions on people involved in advanced AI work, as they are considered strategically important to the country, the report said.Those told they will be subject to travel restrictions span from startup founders and researchers to executives, Bloomberg said, citing the people.Chinese restrictions on overseas travel for its top talent are not new. The country has, for years, controlled travel for top college researchers, nuclear scientists, and executives at state-owned firms, 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

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Market Chatter: Indonesia Delays EV Subsidy Program

The Indonesian government pushed forward an electric vehicle subsidy program as it reviews several fiscal and technical assessments, the Jakarta Globe reported Tuesday, citing Finance Minister Purbaya Sadewa.Purbaya reportedly said the program will be delayed a month beyond the previously scheduled release in June as the government finalizes certain calculations.The finance minister did not elaborate on what aspects of the program remain under review which could subsidize a total of 200,000 EV units, made up of 100,000 cars and 100,000 motorcycles, the report said.Previously available figures placed the incentives at $281 per motorcycle while those for electric cars were still under discussion.(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

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Japanese Shares Nearly Flat After Historic 66,000 Morning Breakout

Japanese stocks pared a historic morning rally, sparked by overnight gains in U.S. technology shares, to finish almost entirely flat on Wednesday, as late-session profit-taking erased a major tech-driven breakout.The Nikkei 225 closed virtually unchanged, up just 3.32 points to finish at 64,999.41.Chip-related stocks in Japan spearheaded the morning sentiment, with heavyweights Advantest (TYO:6857) and Tokyo Electron (TYO:8035) both surging more than 5% intraday before trimming gains by the closing bell.On the domestic front, the yen's real effective exchange rate has dropped to its lowest level since the 1970s, severely eroding Japan's external purchasing power as persistent trade deficits and volatile oil import costs compound structural selling pressure, Nikkei reported Wednesday, citing the Brookings Institution's Robin Brooks.Meanwhile, on the corporate side, Japanese machinery manufacturer Nabtesco (TYO:6268) plans to begin mass production of fully electric power steering systems for large commercial vehicles in 2027, Nikkei reported Wednesday.Murata Manufacturing (TYO:6981) declared a year-end dividend of 35 yen per share for fiscal year 2025, matching earlier forecasts and higher than the 30 yen per share paid a year ago.

Nikkei 225TYO:6268TYO:6857TYO:6981TYO:8035

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Market Chatter: Alchip Technologies Regains Orders from Major Customer, Expects Revenue Recovery

Alchip Technologies (TPE:3661) chief executive Johnny Shen said the firm expects to regain revenue momentum after winning back orders from a major customer, the Taipei Times reported Wednesday.The company reportedly saw its revenue fall 39% year on year to $992 million in 2025 after its largest customer, thought to be Amazon.com, slashed orders.The orders come after Amazon.com subscribed to $75 million worth of Alchip shares earlier this month, the report said.The firm in April said it procured machinery and equipment worth NT$670.7 million from Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC, to support production.Alchip shares were down 3% at close.(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:2330TPE:3661

Asia45d ago

Aptech Secures INR128 Million Training and Exam Contracts from Government

Aptech (NSE:APTECHT, BOM:532475) said it has received two contracts from government-related bodies for training and examination services, according to two separate filing on Tuesday.Shares of the company rose nearly 2% in Wednesday's trade.The company has been awarded a contract worth 35 million rupees from an autonomous body under the central government to conduct a training program over nine months.In a separate order, Aptech secured a contract worth 93 million rupees from a state government body to conduct computer-based examinations, expected to begin in June.

BOM:532475NSE:APTECHT

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China Stocks Drop Amid Doubt Over US-Iran Deal

Chinese equities closed with losses as sentiment was dampened by uncertainties surrounding the potential truce between the U.S. and Iran that could end the war, shadowing the positive industrial data.The Shanghai Composite Index lost 1.3%, or 51.65 points, to close Wednesday's trade at 4,093.73. The Shenzhen Component Index slipped 0.9%, or 139.69 points, to 15,736.47.Iran expressed doubt over negotiations being made with the U.S. to end the war, accusing the U.S. military of violating the ceasefire by attacking the Iranian province of Hormozgan. Iranian politician Abbas Moghtadaei's comment was made after Parliament Speaker Mohammad Bagher Ghalibaf returned from Qatar for the talks that could lead to a war-ending deal with the U.S.Meanwhile, the total profits of China's major industrial enterprises between January and April jumped 18% year on year to 2.436 trillion yuan, faster than the 15.5% growth in the previous month, according to data from the National Bureau of Statistics.Henan Yuneng (SHE:001896) dropped 4.9% after receiving a warning from the China Securities Regulatory Commission's Henan Bureau for breaches in disclosure.Goldwind Science & Technology's (SHE:002202, HKG:2208) Shenzhen shares fell 3.7% amid plans to repurchase part of its shares worth between 300 million yuan and 500 million yuan.

Shanghai Composite^SZSEHKG:2208SHE:001896SHE:002202

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Asia45d ago

South Korean Stocks Hit New High Above 8,200 Points as Samsung, SK Hynix Rally

^KOSDAQKOSPIKRX:000660KRX:005930