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Market Chatter: Nvidia CEO Affirms China's Role in $200 Billion CPU Market Forecast

Nvidia Chief Executive Jensen Huang said the company's projected $200 billion market for central processing units (CPUs) includes China, Reuters reported over the weekend.The statement comes despite ongoing trade frictions between the US and China.Speaking to reporters, Huang said the Chinese market is "very important" and "very large," according to the report.He added that while H200 chip exports have received U.S. licenses, Chinese approvals remain pending, Reuters 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.)

Shanghai Composite^SZSE

Asia46d ago

Hindalco Industries' Consolidated Profit Slips in Fiscal Q4

Hindalco Industries (NSE:HINDALCO, BOM:500440) consolidated attributable profit declined sharply to 26.0 billion Indian rupees in the fiscal fourth quarter ended March 31, from 52.8 billion rupees a year ago.Earnings per share contracted to 11.67 rupees from 23.76 rupees a year earlier, the aluminium manufacturer said in a filing to the Indian stock exchanges on Friday.Revenue from operations in fiscal Q4, however, increased to 781.3 billion rupees from 648.9 billion rupees a year ago.The company's board recommended a final dividend of 5 rupees per equity share of 1 rupee each for the financial year ended March 31.

BOM:500440NSE:HINDALCO

Asia46d ago

PolyNovo Says JPMorgan Chase Reduces Stake; Shares Up 5%

PolyNovo (ASX:PNV) received notice that JPMorgan Chase and its affiliates decreased their holdings in the company to 7.45% from 9.18%, according to a Monday Australian bourse filing.JPMorgan Chase and its affiliates now own 51.5 million shares in the company, the filing said.The company's shares rose 5% in recent Monday trade.

ASX:PNV

Asia46d ago

China Fines Offshore Brokers Futu, Tiger, Longbridge in Cross-Border Crackdown

The China Securities Regulatory Commission has fined three securities brokers for operating without proper approvals, according to a Friday notice from the securities watchdog.The fines are part of a broader initiative by Beijing to crack down on unauthorized cross-border investments.Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong), also known as Longbridge, received administrative penalties for conducting securities trading within mainland China without the regulator's approval.In a statement, Futu disclosed that the CSRC imposed a 1.85 billion yuan fine against the company, along with a 1.25 million yuan penalty for its founder and CEO Li Hua. The broker added that it is cooperating with the regulator.Tiger Brokers' Nasdaq-listed parent company, UP Fintech, said it was handed a 308.1 million yuan fine. The firm said it is cooperating with regulatory authorities, pledging to "strictly implement the rectification measures required."Longbridge also expressed its willingness to comply with rectification measures imposed by the CSRC, but did not disclose the details of its penalties, Reuters reported.

Shanghai Composite^SZSE

Asia46d ago

Market Chatter: Dutch Ambassador Emphasizes Broader Chip Cooperation With South Korea Beyond ASML

The Netherlands-based chip equipment giant ASML supplies extreme ultraviolet (EUV) lithography machines to Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), however, the Netherlands' semiconductor ties with South Korea extend far beyond a single company, Peter van der Vliet, the Dutch ambassador in Seoul, told Nikkei Asia on Sunday.Dutch firms ASM International, BE Semiconductor Industries, and the research organization TNO are active partners of South Korean chipmakers, the report said.Vliet said that the two countries could deepen cooperation in next-generation chip manufacturing technologies, particularly in photonics, which uses light instead of electronics to process and transmit data in semiconductors, it 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.)

^KOSDAQKOSPIKRX:000660KRX:005930

Asia46d ago

Update: Coronado Global Resources to Divest Logan Mining Complex in US; Shares Up 19%

(Updates to add stock movement in the headline and last paragraph)Coronado Global Resources (ASX:CRN) agreed to divest its Logan Mining Complex in West Virginia, US, selling its full interest in Coronado Coal II to Phoenix Coal Holdings, with the buyer assuming associated liabilities, including reclamation and other post-closing obligations, according to a Monday filing with the Australian bourse.The Logan complex consists of coal mining properties, leases, permits, and infrastructure, including a preparation plant and load-out facility, located across Boone, Logan, and Wyoming Counties, per the filing.The deal is expected to be free cash flow positive for the company by eliminating ongoing holding and care-and-maintenance expenses, as well as future environmental and operational liabilities, the filing said.The transaction is subject to customary closing conditions and is expected to be completed in July, with no anticipated impact on the company's near-term production guidance, the filing added.The company's shares jumped 19% in recent Monday trade.

ASX:CRN

Asia46d ago

CuFe Says European Lithium Reduces Stake

CuFe (ASX:CUF) received notice that European Lithium (ASX:EUR) decreased their holdings in the company to 16.7% from 17.9%, according to a Monday Australian bourse filing.European Lithium now owns 342.4 million shares in the company, the filing said.

ASX:CUFASX:EUR

Asia46d ago

Update: Charter Hall Group Raises Fiscal 2026 Guidance for Operating Earnings; Shares Up 6%

(Updates to add stock movement in the headline and last paragraph)Charter Hall Group (ASX:CHC) increased its fiscal 2026 guidance for operating earnings to AU$1.03 per security from AU$1 previously, according to a Monday filing with the Australian bourse.The new outlook represents a nearly 27% increase on fiscal 2025 operating earnings per security of AU$0.814.The company said its financial year-to-date gross equity inflows total AU$6.5 billion, up by AU$1.7 billion since the first half of fiscal 2026.Charter Hall Group also recorded the addition of 25 new institutional investors to its platform over the last 18 months, with property funds under management increasing to AU$74.7 billion from AU$71.7 billion at the end of 2025.The company continues to expect fiscal 2026 distribution per security to be 6% higher than fiscal 2025.The company's shares rose around 6% in recent Monday trade.

ASX:CHC

Asia46d ago

AMP Arm Launches Lifetime Income Retirement Package

AMP's (ASX:AMP) superannuation arm, AMP Super, introduced a new retirement package designed to convert superannuation savings into a lifetime income stream, aiming to improve retirement confidence and provide additional support for aged-care needs, according to a Monday statement.The package offers a guaranteed lifetime income product to support higher retirement spending, a temporary 20% income boost for up to two years for those needing high-level home care, and a digital financial advice platform that provides personalized guidance, income projections, and retirement planning tools.The initiative addresses Australians' rising concerns about retirement stress and aged-care affordability by strengthening income stability and later-life care support, per the statement.

ASX:AMP

Asia46d ago

Divi's Laboratories Clocks Gains in Fiscal Q4 Consolidated Profit

Divi's Laboratories' (NSE:DIVISLAB, BOM:532488) consolidated attributable profit increased to 7.51 billion Indian rupees in the fiscal fourth quarter ended March 31, from 6.62 billion rupees a year ago.Earnings per share came in at 28.31 rupees from 24.93 rupees a year earlier, the pharmaceutical company said in a filing to the Indian bourses on Saturday. The EPS was higher than the 26.67 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 rose to 28.3 billion rupees from 25.9 billion rupees a year ago.The company's board recommended a final dividend of 30 rupees per equity share of face value 2 rupees each for the financial year 2025-26.

BOM:532488NSE:DIVISLAB

Asia46d ago

SoftBank Group Plans 260 Billion Yen Hybrid Note Issuance in Japan for Individual Investors

SoftBank Group (TYO:9984) plans to issue 260 billion yen in hybrid notes with optional interest payment deferral, mainly targeting individual investors in Japan.The 35-year notes, tentatively priced at 4.80%-5.60% for the first five years before switching to a floating rate, feature a step-up interest provision and can be redeemed early starting June 2031, according to a Tokyo bourse filing on Monday.While treated as interest-bearing debt for accounting purposes, the notes receive 50% equity treatment from rating agencies due to their long maturity, subordination, and deferral options.Proceeds will help replace U.S. dollar-denominated hybrid notes reaching their first call date in July 2027. The offering runs from June 8 to June 18, with final terms to be set on June 5.

TYO:9984

Asia46d ago

NZX Midday Sector Update: Consumer Services Stocks Jump, Technology Services Sector Struggles

Consumer services stocks advanced nearly 2% at midday Monday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 1% in recent trade.On the flip side, the technology services sector struggled, shedding more than 2%.Shares of Vista Group International (NZE:VGL, ASX:VGL) fell 2% in recent trade.

^NZ50ASX:SKCASX:VGLNZE:SKCNZE:VGL

Asia46d ago

NTPC's Consolidated Profit Rises in Fiscal Q4

NTPC's (NSE:NTPC, BOM:532555) consolidated attributable profit rose to 104.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 76.1 billion rupees a year ago.Earnings per share climbed to 10.81 rupees from 7.85 rupees a year earlier, the state-owned power producer said in a filing to the Indian stock exchanges on Saturday. The EPS was higher than the 6.59 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, declined to 496.9 billion rupees from 498.3 billion rupees a year ago.The company's board recommended a final dividend of 3.50 rupees per equity share of face value of 10 rupees each.

BOM:532555NSE:NTPC

Asia46d ago

Auric Mining Raises Western Australia Gold Deposit's Mineral Resource by 32%; Shares Rise 3%

Auric Mining (ASX:AWJ) said it re-estimated the indicated and inferred mineral resource at its Munda gold deposit in Western Australia to 4.2 million tonnes at 1.43 grams per tonne grade of gold for 192,000 ounces of gold, according to a Monday filing with the Australian bourse.The latest reading is up 32% from the December 2024 estimate despite the depletion of around 10,000 ounces, per the filing.The re-estimation incorporates data from mining of the starter pit, including mill reconciled gold production that was 46% higher than expected."Despite increasing the estimated grade, the resource estimate remains conservative when compared to actual production results," Auric Mining said, adding that additional planned drilling is expected to further expand the gold resource.The company's shares gained 3% in recent Monday trade.

ASX:AWJ

Asia46d ago

Great Boulder Resources Finds Multiple High-Grade Gold Beyond Current Resource at Western Australia Project; Shares Up 5%

Great Boulder Resources (ASX:GBR) found multiple high-grade gold beyond the current resource at its Side Well project in Western Australia, according to a Monday filing with the Australian bourse.Results include 0.45 meters at 165 grams per tonne grade of gold from 455 meters, and four meters at 24 g/t grade of gold from 134 meters, the filing said.Reverse circulation drilling is ongoing at Eaglehawk, alongside air-core drilling on broad-spaced reconnaissance fences in the Eastern Corridor, per the filing.Shares rose 5% in morning trade on Monday.

ASX:GBR

Asia46d ago

Atlas Arteria Says Takeovers Panel Declines to Launch Proceedings Over IFM Global's Disclosure Complaint

Atlas Arteria (ASX:ALX) said Australia's Takeovers Panel refused to launch proceedings against the company over a complaint by IFM Global Infrastructure Fund related to its disclosure of terms for the Chicago Skyway toll road, according to a Monday filing with the Australian bourse.IFM Global recently proposed to acquire the remaining Atlas Arteria securities it doesn't already own.The terms in question concerned a right of first offer and a put option in favor of the Ontario Teachers' Pension Plan, per the filing.The Takeovers Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances, noting that a target statement due to be released by Tuesday will include information regarding the potential sale of Chicago Skyway.If the target's statement fails to adequately address the disclosure concerns, a fresh application can be filed with the Takeovers Panel.

ASX:ALX

Asia46d ago

Update: Eroad Swings to Fiscal 2026 Loss, Posts Higher Revenue; Shares Fall 4%

(Updates to add stock movement in the headline and last paragraph)Eroad (ASX:ERD, NZE:ERD) reported Monday that it swung to a loss of NZ$0.8582 per share in the fiscal 2026 from a profit of NZ$0.0073 a year earlier.Revenue for the 12 months ended March 31 was NZ$195.2 million, compared with NZ$194.4 million a year earlier.The company expects fiscal 2027 performance to be driven by its core ANZ markets, with New Zealand providing stable, cash-generative low single-digit growth and Australia delivering strong enterprise-led expansion with double-digit growth.The company's shares fell by around 4% and 2% on the New Zealand and Australian exchanges, respectively, in Monday's trading session.

ASX:ERDNZE:ERD

Asia46d ago

QPM Energy to Explore Co-Location of Data Center Assets With Issac Energy Hub; Shares Gain 5%

QPM Energy (ASX:QPM) plans to explore opportunities to grow its gas production and electricity generation asset base through the co-location of data center assets with its Issac Energy Hub in Queensland, according to a Monday filing with the Australian bourse.QPM said it held preliminary talks with data center firms, and the planned co-location of data center assets will create "attractive expansion opportunities for the company's assets."It added that its 112 megawatt Isaac Power Station and associated infrastructure "provides the perfect platform to support large-scale data center electricity requirements."The company pointed to a faster-than-expected increase in electricity consumption by data centers, citing updated Australian Energy Market Operator forecasts, and said the higher demand comes alongside anticipated retirements of coal-fired power stations.QPM Energy shares gained 5% in recent Monday trade.

ASX:QPM

Asia46d ago

National Australia Bank Launches Community-Based Banking Model in Victoria

National Australia Bank (ASX:NAB) has launched its first community hub in Werribee, Victoria, bringing together specialist banking support, fraud and scam experts, and community services under one roof, alongside The Salvation Army to provide early intervention and practical assistance for people experiencing financial stress, according to a Monday statement from the bank.The hub is designed to offer accessible in-person support for customers facing complex issues, scams, or business needs, and includes multilingual staff along with space for financial education workshops.The company said that the insights from the trial will inform future hub development, including a second site in Cairns in August and further hubs planned for Nowra and Darwin later this year.

ASX:NAB

Asia46d ago

Fortescue Starts Construction on 690 Megawatt Solar Farm in Western Australia

Fortescue (ASX:FMG) said construction has started on both its 690-megawatt Turner River solar farm and a 650 megawatt-hour battery energy storage system at the Cloudbreak solar farm, both located in the Pilbara region of Western Australia, according to a Monday statement.The Turner River construction marks the final solar installation needed to deliver the company's "Real Zero" decarbonization plan across its terrestrial iron ore operations, Fortescue said.When combined, projects under the company's Pilbara Green Grid initiative will generate more than 1.4 gigawatts of renewable energy capacity, which Fortescue said is sufficient to power around half a million Australian homes.The construction of Turner River is expected to be completed in 2028, while the Cloudbreak battery energy storage system is scheduled for completion in fiscal year 2027.

ASX:FMG

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