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Aspial Lifestyle's Private Placement Two Times Covered

Aspial Lifestyle (SGX:5UF) was informed by its joint placement agents that its private placement of about 149.3 million shares at SG$0.402 per share was two times covered, according to a Monday bourse filing.The shares were listed and quoted on the same day, with trading commencing on the same day.The company's total shares increased to 2.0 billion following the placement exercise.

SGX:5UF

Asia51d ago

Australian Mining Stocks Rally as Gold Price Ticks Higher

Australian gold mining stocks jumped in recent Monday trade as the price of the precious metal ticked higher.Northern Star Resources (ASX:NST) and Newmont (ASX:NEM) both advanced nearly 5%, while Evolution Mining (ASX:EVN) gained more than 4%.Comex gold futures were up nearly 1%, and spot gold prices rose past 1%.

ASX:EVNASX:NEMASX:NST

US Markets51d ago

China Proposes Fines For Futu, Tiger, Longbridge in Trading Crackdown

The China Securities Regulatory Commission (CSRC) has launched an investigation into three international securities brokers for operating without proper approvals, the regulator announced in a notice on Friday.The probe is part of China's two-year initiative to crack down on cross-border investment services conducted by overseas financial institutions.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 proposed 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.Futu disclosed in 2022 that mainland Chinese customers accounted for 35% of its customer base, according to 36Kr.Tiger Brokers' Nasdaq-listed parent company, UP Fintech, said it was handed a potential 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.The CSRC said it is partnering with eight other government departments to ban illegal cross-border business activities conducted by foreign entities.The regulator emphasized that it will enforce strict regulatory requirements that have "teeth and barbs," maintaining clear legal boundaries.Jefferies said in a note to clients on Friday that the CSRC's announcement provided detailed guidelines on how the crackdown will be implemented, particularly regarding the penalized firms."During the rectification period, overseas institutions are prohibited from providing illegal buy trades or fund inflows to existing investors within the mainland," Jefferies said."After the rectification period ends, overseas institutions must fully shut down domestic websites, trading software and supporting servers, and are prohibited from providing illegal trading and related services to existing investors within the mainland.

Shanghai Composite^SZSE

Asia51d ago

Meeka Metals Starts Ore Development at Western Australia Underground Mine; Shares Jump 15%

Meeka Metals (ASX:MEK) said ore development started at its previously unmined Judy North orebody in Western Australia, according to a Monday filing with the Australian bourse.Judy North is an initial 96,000 ounces at 5.4 grams per tonne grade of gold resource at the Andy Well underground mine, which was accessed from an existing decline with ore development currently ramping up, per the filing.Ore development at the site is underway on two levels, and a further three levels are expected to start in the June quarter, the company said.Meeka Metals shares gained 15% in recent Monday trade.

ASX:MEK

Asia51d ago

EuroSports Global to Raise Nearly SG$2 Million Through Share Subscription; Shares Zoom 62%

EuroSports Global (SGX:5G1) is expecting to raise nearly SG$2 million through the subscription of 26.5 million shares by Align Auto at SG$0.075 per share, according to a Monday filing with the Singapore Exchange.Align Auto deals in the retail sale of motor vehicles.The subscription shares represent around 10% of the company's issued and paid-up share capital.The proposed subscription is aimed at improving the company's financial position.Shares of the luxury lifestyle company surged over 62% in Monday trading.

SGX:5G1

Asia51d ago

ASX Midday Sector Update: Materials Stocks Advance, Energy Sector Struggles

Materials stocks advanced nearly 2% at midday Monday.BHP Group (ASX:BHP) shares were up more than 1% in recent trade as the price of coking coal spiked following an explosion at a Chinese coal mine on Friday.Meanwhile, the energy sector struggled, shedding more than 2%.Shares of Woodside Energy Group (ASX:WDS) fell nearly 4% in midday trade.

ASX 200ASX:BHPASX:WDS

Asia51d ago

Market Chatter: DeepSeek to Slash AI Model Price by 75%

DeepSeek said it will permanently reduce pricing for its flagship V4-Pro model to one-quarter of original levels, now ranging from 0.025 yuan to 6 yuan per million tokens, Reuters reported Saturday.The Chinese artificial intelligence company didn't confirm if increased supply of Huawei's Ascend 950 chips enabled the price cut, according to the report.U.S. export restrictions on Nvidia chips have boosted Huawei's AI chip sales, though equipment curbs still limit Ascend production scaling, Reuters wrote. DeepSeek previously cited high-end compute constraints for premium pricing.(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

Asia51d ago

Jardine Matheson Acquires Australian Diagnostic Imaging Company I-Med Radiology for AU$3.4 Billion

Jardine Matheson (SGX:J36) agreed to fully acquire Australia-based I-Med Radiology Network from funds advised by Permira for AU$3.4 billion, according to a Monday filing with the Singapore Exchange.The acquisition includes I-Med's minority stake in Harrison.ai, which develops AI radiology products.I-Med operates 215 diagnostic imaging clinics across Australia and New Zealand and performs over 7 million procedures annually.The investment is part of the company's strategy to focus on high-quality businesses across the Asia-Pacific region, Jardine Matheson said.Shares of the Singapore-listed conglomerate rose nearly 2% in recent trade.

SGX:J36

International51d ago

Market Chatter: South Korea's Middle East Crude Imports Plunge 37% in April

South Korea's crude oil imports from the Middle East fell 37.3% to 4.49 million tons in April from a year earlier, amid the ongoing conflict between the U.S. and Iran, which has raised geopolitical tensions in the region, Yonhap News reported Sunday, citing data compiled by the Korea International Trade Association (KITA).Imports from the Middle East accounted for 53.1% of the country's total imports in the month. Total crude imports fell 22.8% to 8.46 million tons in April from a year earlier, the report said.Imports from South Korea's key supplier, Saudi Arabia, shed 37.6% on-year to 2.14 million tons in April, while combined U.S. crude imports added 13.4% to 2.14 million tons, 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.)

^KOSDAQKOSPI

Asia51d ago

BHP Group Shares Gain as Coking Coal Price Spikes After Explosion at Chinese Mine

BHP Group (ASX:BHP) shares gained more than 1% in recent Monday trade as the price of coking coal spiked following a Friday explosion at a Chinese coal mine.Chinese coking coal futures increased by nearly 8% to hit their daily limit after the blast at the privately owned Liushenyu mine, which media reports described as China's deadliest mining accident in more than a decade.The incident left at least 82 people dead and will "almost certainly trigger widespread safety inspections that could affect China's much larger supplies of thermal coal, used in power generation," Bloomberg reported.The ⁠most active coking coal contract on the Dalian Commodity Exchange ⁠jumped 8% to the equivalent of about $186.76 per metric ton, Reuters reported.

ASX:BHP

International51d ago

Singapore Maintains 2026 GDP Forecast at 2%-4%; Q1 GDP Rises Faster Than Expected

Singapore's Ministry of Trade and Industry maintained its 2026 GDP forecast between 2% and 4%, while highlighting downside risks amid the US-Iran conflict, according to a release on Monday.The city-state's economy rose 6% year over year during the first quarter of the year, extending a 5.7% expansion in the previous quarter.The latest expansion beat the 5.2% forecast by economists polled by Bloomberg and the 4.6% estimate in a separate poll by Reuters.On a seasonally-adjusted quarter-over-quarter basis, the economy expanded by 1%, following the 1.3% growth in the previous quarter. Reuters-polled analysts predicted a 0.3% contraction.The year-over-year GDP growth was driven by improved performance from wholesale trade, manufacturing and finance & insurance sectors, with AI-related demand further contributing to growth.The ministry had upgraded its growth forecast in February from 1% to 3%.However, the global economic growth outlook has been impacted since the US-Israel-Iran conflict, with energy supply disruptions and the blockade of the Strait of Hormuz creating global supply chain disruptions, the ministry said.

^STI

Asia51d ago

Colgate-Palmolive (India)'s Net Profit Declines in Fiscal Q4

Colgate-Palmolive (India)'s (NSE:COLPAL, BOM:500830) net profit declined to 3.53 billion Indian rupees in the fiscal fourth quarter ended March 31, from 3.55 billion rupees a year ago.Earnings per share contracted to 12.99 rupees from 13.05 rupees a year earlier, the personal care products company said in a filing to the Indian bourses on Friday.Revenue from operations in fiscal Q4, however, increased to 15.8 billion rupees from 14.5 billion rupees a year ago.The company's board declared a second interim dividend of 24 rupees per equity share of 1 rupee each for the financial year 2025-26.

BOM:500830NSE:COLPAL

Asia51d ago

Encounter Resources Makes 'Promising Start to Exploration' at Western Australia Copper Prospect, Euroz Hartleys Says

Encounter Resources (ASX:ENR) delivered "strong metallurgical test work results" from its Aileron project and has made a "promising start to exploration" at its Elsa prospect, both located in Western Australia, Euroz Hartleys said in a May 22 note.Initial metallurgical test work from the Green deposit in Aileron achieved niobium recoveries of 51% to 53% from head-grade feeds, while generating concentrate grades of up to 57% niobium pentoxide following refining, the investment firm said.The results show that "standard beneficiation and refining methods can be effectively applied, and importantly, the flowsheet is comparable to those used in existing niobium operations, reducing future development risks," Euroz Hartleys said.Meanwhile, first assays from ongoing reverse circulation drilling at the Elsa prospect intersected a new copper zone with 16 meters at 0.3% copper from 58 meters. Although the grades are modest, the result is still "highly encouraging at this early stage" and supports the presence of a broader system, the equity research firm said.Euroz Hartleys maintained a speculative buy rating on Encounter Resources with a price target of AU$0.85 per share.The company's shares gained 2% in recent Monday trade.

ASX:ENR

Asia51d ago

Cygnus Metals Confirms Continuity, Grade of Mineralization at Canada Deposit; Shares Up 5%

Cygnus Metals (ASX:CY5) confirmed the continuity and grade of mineralization at the Golden Eye deposit, within its Chibougamau project in Canada, following the receipt of final infill drilling results, according to a Monday filing with the Australian bourse.Results include 8.4 meters at 16 grams per tonne grade of gold equivalent, including three meters at 40 g/t gold equivalent, 3.6 meters at 16 g/t gold equivalent, including 2.5 meters at 22 g/t gold equivalent, the filing said.Additionally, the company started exploration drilling at the Gwillim prospect, targeting high-grade historic intersections to establish an initial resource, per the filing.Shares rose 5% in midday trade on Monday.

ASX:CY5

Asia51d ago

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

Asia51d 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

Asia51d 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

Asia51d 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

Asia51d 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

Asia51d 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

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US Markets51d ago

China Proposes Fines For Futu, Tiger, Longbridge in Trading Crackdown

Shanghai Composite^SZSE