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H&T Intelligent Control Completes Cancellation of Repurchased Shares

Shenzhen H&T Intelligent Control (SHE:002402) completed the repurchase and cancellation of 9.2 million yuan of restricted shares.The move involved over 1.2 million shares at 7.3593 yuan apiece, according to a Thursday filing with the Shenzhen bourse.Post-cancellation, the company's total shares now stand at about 923.4 million.

SHE:002402

Asia48d ago

Hua Hong Semiconductor Changes Name to Hua Hong Grace Semiconductor

Hua Hong Semiconductor (HKG:1347, SHA:688347) changed its English name to Hua Hong Grace Semiconductor, effective May 27, according to a Wednesday filing with the Hong Kong bourse.Shares of the semiconductor company were up over 5% in Thursday afternoon trading.The firm's stock short name will be changed to HUA HONG GRACE from "HUA HONG SEMI" effective June 8.

HKG:1347SHA:688347

Asia48d ago

China's Carbon Dioxide Emissions Increase on Wastage of Power from Renewables

Chinese carbon dioxide emissions rose 2% in the first quarter due to an increase in unused power generated by renewables, according to an analysis published Thursday on Carbon Brief.Coal and gas usage for power generation grew in the same quarter despite a record amount of capacity for wind and solar power, Centre for Research on Energy and Clean Air lead analyst Lauri Myllyvirta said in the report.An increase in reported curtailment due to inflexible management of coal power plants and power grids, and not a lack of grid infrastructure, led to wasted power from renewables, Myllyvirta said.Solar and wind usage rates fell in the first quarter, Bloomberg reported separately the same day, citing data from the National New Energy Consumption Monitoring and Early Warning Center published in May.The inability to leverage fully China's wind and solar power sources could expose the country further to the effects of the closure of the Strait of Hormuz, the analysis said.

Shanghai Composite^SZSE

Asia48d ago

Petronas Gas, Tenaga Nasional Unit to Develop Third Regasification Terminal

Petronas Gas (KLSE:PETGAS) signed a binding heads of agreement with Tenaga Nasional (KLSE:TENAGA) unit Integrax, to jointly develop the third regasification terminal (RGT-3) in Perak, Malaysia.The project will be developed through a special purpose vehicle, and is based on a floating storage regasification unit (FSRU) concept, according to a Thursday Malaysian bourse filing.The planned facility boasts an engineered LNG storage capacity of 170,000 cubic metres and a send-out capacity of 500 million standard cubic feet per day.The fuel procurement and supply arm of Tenaga Nasional, TNB Fuel Services, will underwrite the terminal's capacity in phases. Full capacity expected from 2030 onwards, it added.

KLSE:PETGASKLSE:TENAGA

Asia48d ago

ARB' Key Platforms' New Vehicle Sales Data Continue to Deteriorate Year-over-Year, Jarden Says

New vehicle sales data continued to deteriorate across ARB's (ASX:ARB) key platforms on a year-over-year basis, Jarden said in a note on Wednesday.May data shows the recent clear shift towards electric vehicles and hybrid vehicles continues at the expense of internal combustion engine sales, with electric vehicle share hit 20% and total electrified 46% of new car sales.Jarden said it was not convinced ARB's core customer is switching to these electric and hybrid vehicles. Higher interest rates and fuel prices are having a short-term demand impact on diesel vehicles. However, ARB is losing domestic market share to competing four-by-four accessory brands.Toyota is the largest drag on sales data, and much of this is accounted for by supply constraints, which are expected to improve through the second half of the year, and read-through from new vehicle sales is expected to improve from the September quarter onwards.The investment firm retained its neutral rating on ARB and reduced its price target to AU$20.55 per share from AU$20.70 per share.

ASX:ARB

International48d ago

China Slams OECD Report On Huge Market Subsidies

China criticized an OECD report that claimed the country had an unfair advantage when it comes to state subsidies.The report from the OECD, or the Organisation for Economic Cooperation and Development, said Beijing's support for Chinese firms across 15 key industries was three to eight times higher than the support levels found within OECD member nations.During a Thursday press conference, a spokesperson from the Ministry of Commerce said the report lacked "unified measurement standards" and is biased, one-sided, and arbitrary."China's industrial subsidy policies strictly adhere to WTO rules and earnestly fulfill its transparency obligations," the spokesperson said.

Shanghai Composite^SZSE

International48d ago

Middle East Conflict to Weigh Modestly on Growth, Slower GDP Growth Expected, Says RBA Governor

Reserve Bank of Australia Governor Michelle Bullock said on Thursday that the Middle East conflict's economic impact would vary across countries, but for Australia, she expected it to weigh modestly on growth, worsening the trade-off between inflation and economic activity.In a statement before the Senate Economics Legislation Committee, Bullock said the rate increases delivered so far in the year were necessary to tighten financial conditions and cool demand, and that early signs suggested the tightening was beginning to take effect, though the full impact would take one to two years to flow through the economy.The central bank expects gross domestic product growth to slow this year under the weight of higher interest rates and the Middle East conflict, with unemployment forecast to rise over the coming year but remain below pre-pandemic levels.Bullock noted investment had been a recent bright spot, with growth expected to continue in areas with strong structural tailwinds, such as software, data centers, and renewable energy.

ASX 200

Asia48d ago

Mitsubishi Electric to Start Shipping 5th-generation SiC-MOSFET Bare Die Samples in June; Shares Down 3%

Mitsubishi Electric (TYO:6503) is set to begin shipping samples of two new types of fifth-generation silicon carbide metal-oxide-semiconductor field-effect transistors (SiC-MOSFETs) in bare die form in late June, according to an official statement released on Wednesday.The SiC-MOSFETs can be used in inverters for drive motors and eAxles of electric vehicles, plug-in hybrid vehicles, and other electrified vehicles (xEVs).They are made to boost the performance and miniaturization of xEV inverters and eAxles, which will extend the range and improve their power efficiency.The company's shares were down nearly 3% in Thursday's trade.

TYO:6503

Asia48d ago

Gaoce Tech Files Suit Over Two Sales Contract Disputes

Qingdao Gaoce Technology (SHA:688556) has initiated legal proceedings against several clean-energy firms over two sales contract disputes, according to a Shanghai bourse filing on Thursday.The first case involved a deal for the company to supply slicing machines, grinding and chamfering machines to Yangzhou Pengfei Energy Technology. The company is seeking the payment of overdue debts worth nearly 73 million yuan from Yangzhou Pengfei, with Yangzhou Honghui Energy and Shuangpeng New Energy Technology (Jiangsu) assuming joint liability for the debt.Gaoce also sued Shuangpeng New Energy, alleging failure to pay the company 97.4 million yuan after purchasing slicing machines.Both cases were filed at the Chengyang District People's Court of Qingdao in China.The Chinese cutting equipment manufacturer's shares rose 1% during the afternoon trade.

SHA:688556

Asia48d ago

Power Grid Corp. of India Commissions Gujarat Transmission Expansion Project

Power Grid Corp. of India (NSE:POWERGRID, BOM:532898) has commissioned the "Transmission Network Expansion in Gujarat to Increase ATC from ISTS, Part-B" project, according to a Wednesday filing on Indian bourses.Shares of the company fell nearly 1% in Thursday's trade.The project was commissioned effective May 13, while confirmation of the declaration of commercial operation (DOCO) was received on June 3, the company said in the filing.

BOM:532898NSE:POWERGRID

Asia48d ago

Market Chatter: Singapore's LNG Fuel Supply Secure Despite Regional Supply Chain Disruption

Singapore boasts sufficient LNG replacement cargoes for the rest of 2026, despite supply chain disruptions from Qatar due to the US-Israel conflict with Iran, according to a report by Reuters on Wednesday, citing remarks made by Singapore Energy Market Authority Chief Executive Puah ⁠Kok Keong.Singapore relies on Qatari supplies for 10% of its natural gas needs, the report said.However, the city-state's energy market arm has sourced replacement cargoes from suppliers in Australia, the US and Africa, the report added.Meanwhile, Puah outlined plans to purchase more LNG across the globe to minimize concentration risk, the report noted.(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.)

^STI

International48d ago

Taiwan's Market Cap Surpasses $5 Trillion on AI Boom

Taiwan's stock exchange said at COMPUTEX 2026 exposition that the island's market capitalization has surpassed $5 trillion, making it the world's fifth-largest market, driven by strong momentum from the artificial intelligence sector.The exchange said about 40% of 2026 IPO applicants are linked to AI-related industries, highlighting rising capital market activity around the technology supply chain, according to a Wednesday press release by the bourse.It added that 2025 IPO applications reached a multi-year high, with fundraising nearly doubling from 2024, reflecting renewed investor appetite for technology listings.Foreign investors accounted for 49.4% of total market capitalization and 35.5% of average daily trading value as of April 2026, underscoring strong global participation in Taiwan's equity market.The exchange said it is strengthening initiatives in corporate governance, ESG, and cross-border market connectivity to support AI-driven growth and help companies scale internationally.

Taiwan Weighted

Asia48d ago

GuoChuang Software Controlling Shareholder to Sell 5% Stake for 409 Million Yuan; Shares Fall 5%

GuoChuang Software (SHE:300520) controlling shareholder Hefei Guochuang will transfer 14.6 million shares, or 5% of total share capital, to Zhide Longteng's private fund for 28.00 yuan per share, totaling 409.1 million yuan.The transfer will not change the company's control structure, according to a Thursday filing with the Shenzhen bourse.Shares of the software developer were down 5% in recent trade.

SHE:300520

Asia48d ago

USP Group Secures Waiver for Disposal of Malaysian Property

USP Group (SGX:BRS), which is under judicial management, received approval from the Singaporean bourse to dispose of its Malaysian industrial property without requiring shareholder approval, according to a Wednesday bourse filing.The company sought the approval waiver because the property has been deemed a non-core asset and its sale is not expected to impact the consumer healthcare company's core operations.The sale price of the property, which has been used as a warehouse and a corporate office, is 20 million ringgit.

SGX:BRS

Asia48d ago

Daqo New Energy to Build 6 Billion Yuan Facility; Shares Soar 20%

Xinjiang Daqo New Energy (SHA:688303) plans to construct an energy system manufacturing base for 6 billion yuan, according to a Shanghai bourse filing on Thursday.The project will be constructed in two phases.The polysilicon materials manufacturer's subsidiary, Daqo Energy Technology (Shanghai), entered into an investment agreement with Kunshan Economic and Technological Development Zone Administrative Committee, which will help establish a new independent legal entity for the manufacturing base.The manufacturing base will produce smart energy system products, such as energy storage systems and solid-state transformers, circuit breakers and batteries.The company's shares surged 20% during the afternoon trade.

SHA:688303

Asia48d ago

Anysoft IT Wins China Mobile Yunnan Bid for 137 Million Yuan

Hangzhou Anysoft Information Technology (SHE:300571) was named the winning bidder for China Mobile Yunnan's 2026 high-performance intelligent computing cluster project.The pre-award amount is about 137 million yuan, including tax, according to a Wednesday filing with the Shenzhen bourse.The project involves leasing basic computing power service equipment.Shares of the telecommunication company rose 2% in recent trade.

SHE:300571

Asia48d ago

Vanchip to Acquire Stake in RF Filter Chipmaker for 270 Million Yuan; Shares Up 6%

Vanchip Tianjin Technology (SHA:688153) plans to acquire a 33% stake in Sibaichuang (Shenzhen) Technology for 270.3 million yuan, according to a Shanghai bourse filing on Thursday.The acquisition of the RF filter chip manufacturer's stake will be made through capital injection.The Chinese telecommunications equipment manufacturer will invest 252.8 million yuan of its own funds to subscribe for 4.9 million yuan worth of Sibaichuang's newly registered capital.Vanchip will also acquire 488,689 yuan of Sibaichuang's registered capital from shareholder Dai Chuxian for 17.5 million yuan.The company's shares jumped 6% during the afternoon trade.

SHA:688153

Asia48d ago

Market Chatter: Sumitomo Mitsui Expands Loan Risk Transfer Efforts to Boost Returns

Sumitomo Mitsui Banking is increasingly leveraging loan portfolio sales and synthetic risk transfers to optimize capital deployment and improve returns, Bloomberg News reported, citing Asia-Pacific Deputy Head Carsten Stoehr.The banking unit of Sumitomo Mitsui Financial (TYO:8316) is accelerating loan distribution and placing greater emphasis on fee-based income to generate revenue without consuming as much capital, according to the report.The strategy reportedly supports the group's goal of raising the return on tangible equity to 15% over the next five years, up from 11.4% in the previous fiscal year.(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:8316

Asia48d ago

New Zealand Shares Flat; Henderson Far East Income Reports Net Asset Value

New Zealand shares ended flat on Thursday, while Asian shares saw broad-based losses following a sell-off on Wall Street's Wednesday session.The S&P/NZX 50 Index was little changed to close at 13,101.61.On Wednesday, the S&P 500 lost 0.7%, the Nasdaq Composite fell 0.9%, and the Dow Jones declined 1.2%.In domestic news, New Zealand's seasonally adjusted total building volume fell 3.5% in the March quarter compared with the December 2025 quarter, data from Stats NZ showed.Also, the national median home value in New Zealand held steady in May at NZ$808,187, unchanged from April but down 0.1% over the past three months, according to Cotality's Home Value Index.Further, the ANZ World Commodity Price Index climbed 0.7% month over month in May, with all commodity groups in the index seeing incremental gains, according to a report from ANZ Research.Meanwhile, overall card spending in New Zealand rose 1.8% in May in seasonally adjusted terms, up 4.8% compared with the same period last year, with a notable bounce-back at discretionary-type stores, ANZ said in a reportIn corporate news, Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current fiscal year revenue items, was 2.651 pounds sterling per share as of Tuesday.Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.605 pounds sterling per share as of Tuesday.

^NZ50NZE:BITNZE:HFL

International48d ago

Market Chatter: Bank of Japan Considering Rate Hike in June Meeting

Japan's central bank is considering raising the country's policy rate by 0.25% to 1% at its upcoming meeting later this month, Bloomberg reported Thursday, citing people familiar with the matter.Bank of Japan officials are set to announce their decision at a policy meeting ending June 16 amid high uncertainties over the Middle East conflict. Officials will sift through as much data as possible until the last minute before making a final decision, the report said.The decision may not be unanimous, though opposition is likely to be muted and not strong enough to prevent a rate increase, Bloomberg 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.)

Nikkei 225

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