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Korea Exchange Halts Kospi Trading for Five Minutes After Buying Surges on Chip Stocks Rally

The Korea Exchange activated a five-minute buy-side sidecar on the country's primary stock market on Monday morning as investors rushed to purchase securities amid a rally due to strong gains made by key chip stocks.The Korea Exchange announced the order at 9:29 am after the KOSPI200 Futures added 58.82 points, or 5.1%, to trade at 1,210.54.A buy-side sidecar is activated when the KOSPI200 Futures index gains 5% or more for at least one minute.

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Asia98d ago

Larvotto Resources Says Review Identifies Gold-Antimony-Tungsten Mineralization at New South Wales Project

Larvotto Resources (ASX:LRV) said high-grade, extensive gold-antimony-tungsten mineralization over a strike length of a kilometer was identified from historic exploration at Curry's Block during a review of historical drilling across its Hillgrove antimony-gold project in New South Wales, according to a Monday Australian bourse filing.The historical drilling included an intercept of five meters at 11.8 grams per tonne grade of gold-equivalent from 144 meters. Diamond drilling was approved and is set to begin shortly.

ASX:LRV

Asia98d ago

CStone Pharmaceuticals Begins Commercial Distribution of Locally Manufactured Pralsetinib

CStone Pharmaceuticals (HKG:2616) began nationwide commercial supply of locally manufactured pralsetinib capsules in China, according to a Monday filing with the Hong Kong bourse.The oncology drugmaker said the first batch shipment marks the establishment of a localized supply chain for the therapy.CStone expects full-year 2026 sales revenue for pralsetinib capsules to exceed 300 million yuan, the filing said.

HKG:2616

Asia98d ago

Update: Metcash Expects Year-Over-Year Increase in Fiscal Year 2026 Revenue; Shares Up 8%

(Updates to add stock movement in the headline and last paragraph)Metcash (ASX:MTS) expects fiscal year 2026 revenue of AU$19.6 billion, up 0.7% from the previous year, according to a Monday filing with the Australian bourse.The company also expects fiscal year underlying profit after tax in the range of AU$268 million to AU$270 million.Metcash said ongoing cost initiatives are expected to yield at least around AU$25 million of annualized savings in fiscal year 2027.Additionally, the company has increased inventory levels as a precaution, even though it has not yet experienced any supply shortages due to the Middle East conflict.The company's shares rose around 8% in recent Monday trade.

ASX:MTS

Asia98d ago

Aldoro Resources Reports 15% Tonnage Increase in Namibia Rare Earth Project Resource; Shares Up 5%

Aldoro Resources (ASX:ARN) said its updated inferred mineral resource estimate (MRE) for its 85%-owned Kameelburg project in Namibia stands at 597.1 million tonnes at 2.5% total rare earth oxide (TREO) equivalent, a 15% tonnage increase on the September 2025 Phase I MRE at unchanged grade, according to a Monday Australian bourse filing.The company said the high-grade subset has expanded to 312.7 million tonnes at 2.9% TREO equivalent at a 1% TREO cut-off, with high-grade tonnes more than doubling since the September 2025 update, supporting selective bulk open-pit mining in the early years of development.A maiden strontium mineral resource has been declared as a co-located by-product credit of 596 million tonnes at 2.2% strontium, inclusive of and not additional to the TREO resource, the filing added.The MRE is based on 29 diamond drill holes for 12,044 meters, with the final Kameelburg Phase II MRE expected in June, with the resource remaining open along strike, down-dip, and at depth in all directions, the filing added.The company's shares rose 5% in recent Monday trade.

ASX:ARN

Asia98d ago

SSY Group Receives China Approval for Three Drugs

Pharmaceutical firm SSY Group (HKG:2005) received drug production and registration approvals for three products in China, according to a Hong Kong bourse filing Monday.The approval from China's National Medical Products Administration covers oseltamivir phosphate capsules to treat influenza A and B; drotaverine hydrochloride tablets to treat smooth muscle spasms; and metoclopramide tablets for nausea.

HKG:2005

Asia98d ago

Yidu Tech Affiliate Wins 9 Million Yuan Smart Healthcare Project Bid

Yidu Tech (HKG:2158) affiliate Yidu Cloud (Beijing) Technology won the bid for a smart clinical and settlement service upgrade project for Sun Yat-sen University Cancer Center, according to a Monday Hong Kong bourse filing.The project, awarded by the Guangdong branch of Bank of China, has a total contract value of about 9.1 million yuan.Yidu Cloud will undertake the project, which involves upgrading smart clinical and settlement services at the cancer center.

HKG:2158

Asia98d ago

Japanese Stocks Gain at Open Despite Strait of Hormuz Strains, Global Uncertainty

Japanese equities opened higher on Monday, despite U.S. President Donald Trump dismissing Iran's latest peace proposal as "unacceptable," leaving the strategic Strait of Hormuz effectively shuttered.The Nikkei 225 rose 489.8 points or 0.8% to 63,203.44 at the opening bell.While Tehran reportedly offered to relocate enriched uranium, its refusal to decommission nuclear sites has prolonged the 10-week conflict.Investors are now looking past the immediate war toward a high-stakes summit between the U.S. and Chinese leaders scheduled for later this week.Additionally, upcoming U.S. inflation data will be critical in determining the future direction of global interest rates.

Nikkei 225

Asia98d ago

Rio Tinto Enters 30-Year Power Purchase Agreement With Yindjibarndi Energy

Rio Tinto Group (ASX:RIO) signed a 30-year power purchase agreement with Yindjibarndi Energy for the first stage of the Jinbi solar project in Western Australia's Pilbara region, according to a Monday statement.As per the deal, Yindjibarndi will supply 100% of the electricity generated by Jinbi to Rio Tinto once operational, supporting the decarbonization of Rio's iron ore operations in the Pilbara.Construction on the project is now starting, with full commercial operations expected in mid‑2028.The first stage of the project entails a 75-megawatt alternating current (MWac) solar facility, with an option to expand to 150 MWac, including the potential addition of battery energy storage systems subject to regulatory approvals.Shares of Rio Tinto gained 1% in recent Monday trade.

ASX:RIO

Asia98d ago

Update: Dateline Resources Reports Pre-Tax NPV of $785 Million for California Project in Bankable Feasibility Study; Shares Down 16%

(Updates to add stock movement in the headline and the last paragraph)Dateline Resources (ASX:DTR) said its bankable feasibility study (BFS) for its Colosseum gold and rare earth element project in California has returned a pre-tax net present value (NPV) of $785 million at a 5% discount rate and a pre-tax internal rate of return (IRR) of 49.5%, according to a Monday Australian bourse filing.The company said undiscounted pre-tax free cash flow is $1.08 billion, rising to $1.36 billion at spot prices, with start-up capital of $249 million, including $16 million in capitalized mining costs, plus a $25 million contingency.The project has a 10.4-year mine life producing 573,000 ounces of gold in total, with average annual gold production of 75,000 ounces over the first six years and peak gold sales of 102,000 ounces in year six, at an all-in sustaining cost (AISC) of $1,825 per ounce, the filing added.The project has a low 3:1 strip ratio supporting lower operating costs, with 55,000 ounces of inferred mineral resources within the pit shell not included in the ore reserve, with the additional underground potential in the northeast of the North Pit open at depth and subject to ongoing drilling, the filing added.The company's shares fell almost 16% in recent Monday trade.

ASX:DTR

Asia98d ago

South Korean Shares Open Higher on Chip Rally Despite US-Iran Peace Agreement Fallout, Oil Price Jump

South Korean shares opened higher on Monday, owing to gains made by chipmakers despite the fallout of the US-Iran peace agreement.US President Donald Trump dismissed Iran's response to the former's proposals to end the ongoing war as "totally unacceptable."The benchmark Korea Composite Stock Price Index, or Kospi, rose by 277.31 points to open at 7,775.31. The Kosdaq gained marginally to open at 1,212.88.Shares of key chipmakers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) were trading over 7% and 11% higher in Monday morning trade, tracking recent gains on Wall Street.Iran had forwarded a proposal to the US through Pakistan to end the conflict, calling for an immediate ceasefire across all fronts, an end to the U.S. naval blockade, and assurance of no further attacks, according to Tasnim news agency.However, Trump on Sunday evening accused Iran of "playing games", which raised concerns over a possible fallout to reach a peace agreement between the US and Iran.In addition, oil prices jumped on Monday after Israeli Prime Minister Benjamin Netanyahu warned that the military conflict with Iran was "not over." U.S. West Texas Intermediate futures with June delivery rose 3.08% to $95.42 per barrel, while the international benchmark Brent crude futures with July delivery increased 3.16% to $104.49 per barrel.

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Asia98d ago

Update: Dyno Nobel Posts Higher Fiscal H1 Adjusted Earnings, Lower Revenue; Shares Hit Three-Year High

(Updates to add stock movement in the headline and last paragraph)Dyno Nobel (ASX:DNL) reported Monday fiscal first-half earnings of AU$0.089 per share, excluding individually material items, up from AU$0.046 a year earlier.Analysts polled by FactSet expected earnings of AU$0.07.Revenue from ordinary activities for the six months ended March 31 was AU$1.9 billion, compared with AU$2.25 billion a year earlier. Analysts surveyed by FactSet expected AU$1.78 billion.The company maintained its fiscal 2026 earnings before interest and taxes guidance at around AU$460 million to AU$500 million while lowering capital expenditure guidance to AU$250 million to AU$300 million due to the deferral of some growth-related spending into fiscal 2027.The board declared an interim dividend of AU$0.046 per share, up from AU$0.024 a year earlier, payable July 2 to shareholders on record as of June 15.The company's shares rose 9% in recent Monday trade and earlier hit their highest since January 2023.

ASX:DNL

Asia98d ago

Minth Group to Partner With Taiwanese Firm on Robotics

Minth Group (HKG:0425) plans to establish a long-term joint venture with Taiwan's Mirle Automation (TPE:2464) to advance research into intelligent robots and robotic dogs, the company said in a Hong Kong bourse filing Monday.The firm entered into a framework agreement with Mirle to set the preliminary terms of the partnership, which would include establishing one or more JV companies in Taiwan.Minth said it would hold 60% of the equity interests in the proposed JV, which could have an expected registered capital of NT$1 billion.The partnership is subject to definitive agreements.

HKG:0425TPE:2464

Asia98d ago

Anson Resources' US Unit Joins Defense Industrial Base Consortium; Shares Up 4%

Anson Resources (ASX:ASN) said that its US subsidiary, Al Lithium, has been admitted to the US Defense Industrial Base Consortium (DIBC), a Department of War-supported initiative aimed at strengthening collaboration between government and industry on critical minerals and battery supply chain resilience, according to a Monday Australian bourse filing.The company gains enhanced access to US agencies such as the Department of Energy and the Department of War through its DIBC membership, supporting funding and partnership efforts for its Green River lithium project in Utah, per the filing.The company also received positive feedback on its Yellow Cat vanadium-uranium project, earning a "Met" rating that confirms technical feasibility and eligibility for further consideration under US critical minerals programs, with potential access to future funding, the filing added.The company's shares rose 4% in recent Monday trade.

ASX:ASN

Asia98d ago

Nova Minerals Completes Freight Mobilization to Alaska Project

Nova Minerals (ASX:NVA) completed its winter freight mobilization to the Estelle project in Alaska, with equipment and supplies needed for the mining, extraction, and processing of antimony ore now delivered to site, according to a Monday filing with the Australian bourse.Ore sorters are scheduled for delivery, and procurement of processing equipment for the downstream antimony refinery has started, the filing said.The company's shares were down almost 2% in recent Monday trade.

ASX:NVA

Asia98d ago

Elixir Energy Starts Flow-Back at Queensland Exploration Well

Elixir Energy (ASX:EXR) said it has started flow-back and clean-up operations at the Diona-1 exploration well in Queensland following the completion of stimulation at the site, according to a Monday filing with the Australian bourse.The workover rig and ancillary equipment is being demobilized from Diona-1, with the well testing package rigged up, per the filing.Diona-1 will continue unloading stimulation and completion fluid. Once gas and condensate displace and dominate the overall production stream, the stream will be diverted to the measurement equipment, and the multi-rate and pressure monitoring phase will begin, Elixir Energy said.

ASX:EXR

Asia98d ago

Australian Mines Advances High-Density Hydrogen Storage; Shares Down 4%

Australian Mines (ASX:AUZ) said additional metal hydride samples have been submitted to the National Laboratory of the Rockies for independent testing by the US Department of Energy national laboratory team, according to a Monday Australian bourse filing.The company said the submission is part of its strategy to advance its proprietary solid-state hydrogen storage technology toward potential commercial applications, with current work focused on optimization of follow-on metal hydride formulations and independent assessment of material performance characteristics, among other areas.The company added that metal hydride-based hydrogen storage may have potential applications across a range of hydrogen storage and energy markets, including backup power systems utilizing solid oxide fuel cell (SOFC) technology and data centers and AI-related energy infrastructure.The company's shares shed about 4% in recent Monday trade.

ASX:AUZ

Asia98d ago

Bioxyne Unit Expands Supply Deal With Pharmaceutical Distributor; Shares Up 4%

Bioxyne's (ASX:BXN) Breathe Life Sciences subsidiary executed an expanded supply agreement with pharmaceutical distributor Remidose LATAM to include three Dr Watson cannabis flower stock-keeping unit (SKUs) to Costa Rica, according to a Monday filing with the Australian bourse.Initial shipment is scheduled before June 30, with an invoice value exceeding AU$500,000, the filing said.Shares rose 4% in morning trade on Monday.

ASX:BXN

Asia98d ago

CSL Cuts Fiscal 2026 Outlook, Flags $5 Billion of Additional Impairments; Shares Hit Nine-Year Low

CSL (ASX:CSL) lowered its guidance for fiscal 2026 and expects to recognize about $5 billion of additional non-cash, pre-tax impairments across fiscal 2026 and 2027 beyond those the company disclosed earlier this year, according to a Monday filing with the Australian bourse.The biotechnology company now expects fiscal 2026 revenue of around $15.2 billion and net profit after tax adjusted to exclude amortization (NPATA) of around $3.1 billion, both on a constant-currency basis.In February, it guided for 2% to 3% growth in revenue and 4% to 7% growth in NPATA.The $5 billion of additional impairments include CSL Vifor intangible assets, including the product portfolio, as well as under-utilized property, plant and equipment, the company said.CSL flagged a roughly $300 million fiscal 2026 revenue impact from its "normalization of channel inventory" for US immunoglobulin, a roughly $200 million hit from albumin in China, and an impact of about $150 million from other factors including the Middle East conflict."Our growth initiatives are working, but the financial benefits will take longer than previously anticipated to materialize," said interim CEO Gordon Naylor.The company's shares tumbled 17% in recent Monday trade and earlier hit their lowest since December 2016.

ASX:CSL

Asia98d ago

QBE Insurance Group to Redeem Over $524 Million Subordinated Notes

QBE Insurance Group (ASX:QBE) said it will fully redeem its $524.1 million 5.875% subordinated notes due 2046 on June 17, paying investors the principal amount plus accrued interest, according to a Monday filing with the Australian bourse.The redemption has been approved by the Australian Prudential Regulation Authority (APRA), per the filing.The company clarified that this does not imply any intention to redeem other regulatory capital instruments, which would still require separate APRA approval, the filing added.

ASX:QBE

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