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NZX Sector Update: Non-Energy Minerals Shares Rise, Health Technology Declines

Non-energy minerals shares gained the most on New Zealand's Exchange, rising nearly 3% on Friday.Shares of Manuka Resources (NZE:MKR, ASX:MKR) were up almost 7% in recent trade.Meanwhile, the health technology sector fell 3%.Shares of Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) were down nearly 5% in recent trade.

^NZ50ASX:FPHASX:MKRNZE:FPHNZE:MKR

Asia53d ago

Market Chatter: China Restores US Beef Access Amid Trump-Xi Summit

China has renewed import licenses for hundreds of US beef processing plants, Bloomberg News reported Thursday, citing sources.The timing coincided with high-stakes talks between US President Donald Trump and Chinese President Xi Jinping on Thursday.The licenses lapsed last year after Trump hiked tariffs against China, leading to a 67% drop in US beef shipments between 2024 and 2025, the report said, citing data from the US Department of Agriculture.Permits are generally granted for five-year terms, Reuters 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

Asia53d ago

Market Chatter: Suzuki Poised to Overtake Honda as Japan's No. 2 Carmaker

Suzuki Motor (TYO:7269) is on track to overtake Honda Motor (TYO:7267) as Japan's second-largest automaker by global vehicle sales this fiscal year, driven by strong growth in India, Nikkei reported Friday.Suzuki forecasts automobile sales of 3.6 million units for the year ending March 2027, up 7%, compared with Honda's projection of 3.3 million units, according to the report.India is fueling Suzuki's expansion and is expected to account for about 60% of its global sales volume. The company has also avoided pressure from the U.S. tariff market and intensifying electric-vehicle competition in China, where several Japanese rivals are struggling, the report said.Suzuki posted record fiscal 2025 net profit of 439.2 billion yen on revenue of 6.29 trillion yen, though it expects profit to fall 13% this fiscal year due to higher raw material costs and Middle East-related risks, according to the report.Competition in India is intensifying as Honda and Toyota Motor (TYO:7203) expand in the market. Honda plans to launch new compact and midsize models from 2028, while Toyota aims to raise India production to 1 million units in the 2030s, 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.)

TYO:7203TYO:7267TYO:7269

Asia53d ago

Saturn Metals Secures Native Title Mining Agreement for Western Australia Project

Saturn Metals (ASX:STN) secured a native title mining agreement with the Wangkatja Tjungula Aboriginal Corporation RNTBC for the development of the Apollo Hill project in Western Australia, according to a Friday filing with the Australian bourse.Wangkatja Tjungula Aboriginal Corporation is the Registered Native Title Body Corporate for the Nyalpa Pirniku Native Title Holders, recognized as holding the native title rights and interests on the land on which the project is located, the filing said.The agreement supports the grant of Apollo Hill mining lease 31/496, and other future tenements, and paves the way for completion of permitting for the project, per the filing.Shares fell 1% in morning trade on Friday.

ASX:STN

Asia53d ago

CARsgen Therapeutics to Raise HK$462 Million via Top-Up Placement

CARsgen Therapeutics (HKG:2171) is set to raise about HK$462 million in net proceeds through a top-up placement, according to a Friday Hong Kong bourse filing.YIJIE Biotech Holding, a substantial shareholder, is selling 23.7 million existing shares to independent investors.In turn, the company will issue the same number of new shares to YIJIE Biotech at the same price under its general mandate.The placing price is set at HK$19.84 per share, representing a 9.5% discount to the last close and a 12.9% discount to the five-day average.Net proceeds will be used for global clinical development of innovative drugs, equipment, and facility expenses for research and manufacturing, and working capital and general corporate purposes, the filing said.

HKG:2171

Asia53d ago

Everest Medicines' Substantial Shareholder Boosts Stake

Everest Medicines' (HKG:1952) honorary chairman and substantial shareholder, Wei Fu, increased his stake in the company, according to a Friday Hong Kong bourse filing.The 660,000 shares were acquired from the open market on May 14 for about HK$20.7 million at an average price of about HK$31.25 apiece.

HKG:1952

Asia53d ago

NH3 Clean Energy to Join Pilot Phase of Ammonia Energy Association's Ammonia Certification System; Shares Up 4%

NH3 Clean Energy (ASX:NH3) agreed to participate in the pilot phase of the Ammonia Energy Association's Ammonia Certification System, allowing the company to pre-certify the expected emissions profile of ammonia to be produced from its WAH2 project in Western Australia, according to a Friday filing with the Australian bourse.The Ammonia Certification System is designed to facilitate the transparent and trusted international trade of low-emission ammonia, demonstrating key environmental attributes through independently verified data, the filing said.Shares rose 4% in morning trade on Friday.

ASX:NH3

Asia53d ago

Market Chatter: Japan Governance Reform Changes Draw Investor Criticism

Investor concern is rising that Japan's corporate governance reforms may be losing momentum, potentially threatening a key driver of foreign inflows and the stock market rally, Bloomberg News reported Friday.Draft revisions to the Corporate Governance Code and proposed Companies Act amendments have drawn criticism from some investors, who say the changes favor corporate interests and weaken reform efforts, according to the report.AllianceBernstein Japan's Haruna Usui warned of a "reversal" in governance reform as companies push back against activist demands for higher shareholder returns, the report said.Investors have focused on whether companies would be required to improve cash management, though recent discussions suggest such measures may remain nonbinding, according to the report.Nomura Securities' Kazuya Nakagawa said the latest draft reduces compliance items and risks being viewed as a step backward, while Asian Corporate Governance Association co-founder Jamie Allen criticized the proposals for placing too little emphasis on capital management. Some investors, however, said shareholder pressure should continue to support 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 225

Asia53d ago

China Gold's Q1 2026 Profit Jumps Amid 66% Rise in Revenue

China Gold International Resources (HKG:2099) recorded $234 million in attributable profit for the first quarter of 2026, rising from $85 million a year earlier, according to a Friday filing with the Hong Kong bourse.Earnings per share were $0.5902, compared with $0.2145 in the prior year period.Revenue rose 66% year on year to $453.2 million, figures showed.

HKG:2099

Asia53d ago

WuXi AppTec Plans 6.8 Billion Yuan Zero-Coupon Convertible Bond Issue

WuXi AppTec Co (HKG:2359, SHA:603259) plans to issue 6.78 billion yuan of USD-settled zero-coupon convertible bonds due 2027, according to a Friday Hong Kong bourse filing.The bonds will be convertible into Hong Kong-listed shares at an initial conversion price of HK$153 per share, representing a premium of about 17.6% to the stock's closing price on May 14.Assuming full conversion, the bonds would convert into about 51.1 million new Hong Kong-listed shares, representing roughly 10.02% of the company's existing Hong Kong-listed share capital and about 1.71% of its total issued share capital.Net proceeds of about $1.02 billion will be used for global capacity and capability expansion, with the remainder for general corporate purposes.The bonds are expected to be listed on the Vienna Stock Exchange, subject to regulatory approvals and completion conditions, the filing said.

HKG:2359SHA:603259

Asia53d ago

ClearView Wealth Secures ACCC Clearance on Proposed Acquisition by Financial Services Firm; Shares Reach Over Three-Year High

ClearView Wealth (ASX:CVW) said the Australian Competition and Consumer Commission (ACCC) ruled that the proposed acquisition of all of its shares by Zurich Financial Services Australia through a members' scheme of arrangement may be put into effect, according to a Friday filing with the Australian bourse.Implementation of the scheme, under the scheme implementation deed between Zurich Financial Services and the company, remains subject to other conditions, including Australian Prudential Regulation Authority approval, shareholder approval, and court approval, the filing said.Company directors unanimously recommended that shareholders vote in favor of the scheme in the absence of a superior proposal and subject to the independent expert continuing to conclude that it is in the best interests of shareholders.ClearView Wealth shares rose 2% in morning trade on Friday and earlier reached their highest since September 2022.

ASX:CVW

Asia53d ago

Nexon's Profit Surges 118% in Q1

Nexon's (TYO:3659) profit attributable to owners of the parent soared 118% to 57.23 billion yen for the first quarter from 26.27 billion yen a year earlier.Shares of the company were down 11% in morning trade Friday.The video game company's earnings per share increased to 72.02 yen from 32.07 yen a year ago, according to a Tokyo bourse filing on Thursday.Revenue jumped 34% to 152.23 billion yen for the three months ended March 31 from 113.93 billion yen in the prior-year period.For the first half, the company expects attributable profit in the range of 73.3 billion to 80.4 billion yen, basic EPS of 92.64 to 101.60 yen, and revenue of 259.2 billion to 271.9 billion yen.Nexon plans to pay interim and year-end dividends of 30.00 yen per share each for the year.

TYO:3659

Asia53d ago

Rumble Resources Sells 50% Interest in Western Australia Project

Rumble Resources (ASX:RTR) said it and joint venture partner AIC Mines (ASX:A1M) have agreed to sell their respective interests in the Lamil project in Western Australia to Aventine Resources, according to a Thursday Australian bourse filing.Total consideration is AU$500,000 in cash, Aventine shares worth AU$600,000, and an aggregate 1% net smelter return royalty, with Rumble's share comprising AU$250,000 in cash, Aventine shares worth AU$300,000, and a 0.5% net smelter return royalty, the filing added.Completion is conditional on satisfaction of certain conditions, including heritage assignment and ASX and IPO-related confirmations by Aventine, it added.AIC Mines' shares fell 2% in recent Thursday trade.

ASX:A1MASX:RTR

Asia53d ago

Market Chatter: Itochu Eyes 40% Stake in US Licensing Startup Octas to Tap Anime Merchandise Demand

Itochu (TYO:8001) is eyeing a 40% stake in Octas, a San Francisco-based startup focused on character licensing, Bloomberg News reported on Friday, citing unnamed sources.After the investment, Octas will license Japanese characters and partner with North American manufacturers and retailers on product development, the publication said, citing people familiar with the private discussions.Itochu has already worked with Octas to bring popular figures like "Opanchu Usagi" to global markets, the report said.The company now plans to use Octas' network of North American producers and stores to build a durable market presence beyond isolated successes, it added.Itochu did not reply to MTNewswire's query at 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.)

TYO:8001

Asia53d ago

Market Chatter: US Approves Sale of Nvidia's H200 Chips to China, But Zero Deliveries Made

Despite U.S. clearance for 10 Chinese companies, including Alibaba Group (HKG:9988), Tencent Holdings (HKG:0700) and ByteDance to buy Nvidia H200 chips, zero deliveries have been made to date, Reuters reported Thursday. citing three people familiar with the matter.While the U.S. Commerce Department approved sales of up to 75,000 units per company, Beijing has reportedly told local companies to stall purchases.Other companies that secured licenses to buy Nvidia chips include JD.com (HKG:9618), Lenovo (HKG:0992) and Hon Hai Precision Industry (TPE:2317) or Foxconn, the report said.Nvidia CEO Jensen Huang expects U.S. President Donald Trump and Chinese President Xi Jinping to build on their good relationship during the US-China summit to improve ties, Huang told Chinese state broadcaster CCTV on Thursday.(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:0700HKG:0992HKG:9618HKG:9988TPE:2317

Asia53d ago

Japanese Equities Climb After US Benchmark Hit Record Highs

Japanese stocks rose in the early session on Friday, tracking US benchmarks that reached all-time highs, driven by a surge in artificial-intelligence-related news and stellar earnings.The Nikkei 225 rose 224.7 points or 0.4% to 62,878.71 at the open, following the S&P 500's record-breaking close above 7,500 points overnight.Elsewhere in Asia, market focus will shift to Taiwan following the conclusion of US President Donald Trump's visit to China, with the status of Taiwan becoming a central point of contention.On the geopolitical front, Trump has indicated that Beijing is open to backing negotiations with Iran, as he seeks a diplomatic solution to halt the ongoing conflict and reopen the Strait of Hormuz.

Nikkei 225

Asia53d ago

American Tungsten & Antimony Requests Trading Halt Ahead of Capital Raise

American Tungsten & Antimony (ASX:AT4) has requested an immediate trading halt in its securities from the start of trading on Friday, pending an upcoming update regarding a proposed capital raising, according to a same-day Australian bourse filing.The company has requested that the halt remain in place until the update is released or trading begins on May 19, whichever occurs first, the filing added.

ASX:AT4

Asia53d ago

Kirin Holdings' Profit Edges Up 11% in Q1; Shares Gain 4%

Kirin Holdings' (TYO:2503) profit attributable to owners of the parent rose 11% to 27.08 billion yen for the first quarter from 24.34 billion yen a year earlier.Shares gained over 4% in morning trade Friday.The beverage company's basic earnings per share increased to 33.46 yen from 30.05 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue climbed 5% to 573.03 billion yen for the three months ended March 31 from 545.85 billion yen in the prior year.For the year ending Dec. 31, the company expects attributable profit of 156.00 billion yen, basic EPS of 193 yen, and revenue of 2.480 trillion yen.Kirin Holdings forecasts interim and year-end dividends of 38 yen per share, each, for the year, higher than the 37 yen per share declared in the year-ago period for each of the second and fourth quarters.Kirin Holdings shares gained 2.8% in early trade.

TYO:2503

Asia53d ago

Civmec Posts Higher Revenue, EBITDA in March Quarter; Shares Up 6%

Civmec (ASX:CVL) posted revenue of A$244.2 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$27.8 million during the quarter ended March 31, according to a Friday filing with the Australian bourse.The company reported revenue of AU$158.5 million and EBITDA of AU$19.2 million in the same time last year, an earlier filing showed.Net profit for the quarter was AU$13.5 million, the filing said.Net profit during the previous corresponding period was AU$8 million.Civmec shares rose 6% in morning trade on Friday.

ASX:CVL

Asia53d ago

Toubani Resources Secures Over $73 Million Financing Commitment for Mali Gold Mine

Toubani Resources (ASX:TRE) has secured a $73.3 million senior secured project finance commitment led by Coris Bank International's Mali unit to fund construction of its Kobada gold mine in Mali, subject to regulatory approvals and final documentation, according to a Friday Australian bourse filing.The debt forms part of a broader financing package that also includes a planned $10.2 million mezzanine facility currently being finalized and a gold streaming arrangement with Eagle Eye Asset Holdings, per the filing.The company is working with lenders to finalize documentation and optimize its funding structure, supported by a strong cash position of AU$124.2 million as of March 31, which provides added financial flexibility for development, the filing added.

ASX:TRE

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