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Keymed Biosciences' CM512 Gets Breakthrough Therapy Designation in China; Shares up 4%

Keymed Biosciences (HKG:2162) said its investigational drug CM512 received breakthrough therapy designation from the Center for Drug Evaluation of China's National Medical Products Administration for the treatment of chronic rhinosinusitis with nasal polyps.The designation comes as the company's randomized, double-blind Phase II clinical trial evaluating the safety and efficacy of the injection remains ongoing, according to a Hong Kong bourse filing on Thursday.Shares of the company rose nearly 4% in recent trade.

HKG:2162

Asia5d ago

Haisco Pharmaceutical Gets Nod for Marketing of Iptacopan Succinate Tablets; Shares Up 4%

Haisco Pharmaceutical (SHE:002653) received approval from China's National Medical Products Administration for the marketing of the iptacopan succinate tablets, according to a Thursday disclosure on the Shenzhen bourse.The drug will be used for the treatment of adult patients with paroxysmal nocturnal hemoglobinuria.The pharmaceutical company's shares jumped 4% during the afternoon trade.

SHE:002653

Asia5d ago

ASE Technology Unit Buys Machinery, Equipment Worth NT$1.29 Billion

ASE Technology (TPE:3711) unit Siliconware Precision Industries will acquire machinery and equipment worth about NT$1.29 billion, according to a Wednesday Taiwan Exchange filing.The equipment will be purchased from KLA in 10 batches, between July 15 and July 22.The contracts are intended to support SPIL's production and operations.

TPE:3711

Asia5d ago

FCC Tightens Rules on Devices With Parts From Huawei, ZTE

The U.S. Federal Communications Commission adopted rules to prohibit the authorization of devices containing certain logic-bearing hardware components made by companies deemed to pose national security threats, according to a Wednesday FCC press release.The FCC's action will "fully close the component part loophole," Chair Brendan Carr said.Since 2022, new equipment manufactured by entities on the FCC's covered list, such as Huawei and ZTE (HKG:0763, SHE:000063), has been barred from obtaining equipment authorization. However, devices containing parts from covered list entities could still enter the U.S. market, Carr said in a separate statement.The FCC keeps a list of companies whose communications equipment and services are prohibited due to national security concerns.Huawei and ZTE did not immediately respond to requests for comment from.

HKG:0763SHE:000063

Asia5d ago

Market Chatter: KKR to Gradually Exit TSMC Supplier LCY

KKR is planning to gradually sell its stake in LCY Group, according to a report by Bloomberg, citing LCY chairman Bowei Lee.The specialty chemicals maker, which counts TSMC (TPE:2330) and Intel as its clients, was acquired by KKR for around NT$47.8 billion in 2019, the report said.Lee declined to disclose the identity of a potential buyer but revealed the exit will allow the company to pursue a more aggressive growth strategy, the report added.The company has been seeking $874 million in loans for capital expenditure, the report noted, citing a person familiar with the matter.LCY did not immediately respond to a request for comment from.(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.)

TPE:2330

Asia5d ago

Hindustan Petroleum Reports Slightly Higher Q1 Sales Volume; Shares Slip 3%

Hindustan Petroleum's (NSE:HINDPETRO, BOM:500104) total sales volume, including exports, rose 0.6% year over year to 13.12 million metric tonnes (MMT) in the first quarter of fiscal 2027.Combined petrol and diesel sales increased 8.1% from a year earlier to 8.8 MMT, while LPG sales totaled 1.7 million tonnes. Pipeline throughput stood at 6.61 MMT during the quarter, according to an Indian bourse filing on Wednesday.Domestic sales volume declined 0.1% year over year, the company said.Shares of the company fell nearly 3% in recent trade.

BOM:500104NSE:HINDPETRO

Asia5d ago

Update: Market Chatter: Bank of Japan Keeps Interest Rate Hike Options Open Amid Yen Weakness

(Updates to add the BOJ's reply to' email seeking comment.)Bank of Japan is reported to have kept all its options open to increase interest rates beyond expectations as the yen's continued weakness heightens upside risks to inflation, Bloomberg News reported Wednesday, citing people familiar with the matter.The Japanese central bank is expected to keep its policy rates unchanged at its July 31 board meeting after revising the benchmark interest rate upward by 1% in June.Policymakers do not expect another rate hike before December, after the June revision, which is stated to be the highest in 31 years.The Bank of Japan, in an emailed response to, did not make any clarification on the news but pointed to the official communications on monetary policy meetings on its website.(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

Asia5d ago

Sandfire Resources' Year-End Production "Strong," in Line With Guidance, Jefferies Says

Sandfire Resources' (ASX:SFR) fiscal fourth-quarter production was strong to finish the year, in line with company guidance, Jefferies said in a note on Thursday.It reported fiscal fourth-quarter copper-equivalent production of 47,600 tonnes, up from 41,800 tonnes a year earlier.Despite inflationary headwinds, costs were better than expectations and helped to maintain the firm's net-cash position.Its fiscal year 2027 guidance is largely in line with fiscal year 2026 performance, at 150,000 tonnes to 166,000 tonnes of copper-equivalent. Jefferies forecast fiscal 2027 production of 151,000 tonnes of copper-equivalent. It modelled underlying operating costs of $60.45 per tonne. Fiscal year 2027 capital expenditure is guided to increase by around 33%, from the $225 million in fiscal year 2026.The investment firm maintained its buy rating and AU$24 per share price target on Sandfire Resources.

ASX:SFR

Asia5d ago

Jefferies Adjusts China Literature's Price Target to HK$24.40 From HK$31, Keeps at Buy

China Literature (HKG:0772) has an average rating of buy and mean price target of HK$27.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:0772

Asia5d ago

Jefferies Adjusts Haidilao International Holding's Price Target to HK$13.40 From HK$15.50, Keeps at Hold

Haidilao International Holding (HKG:6862) has an average rating of overweight and mean price target of HK$16.16, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:6862

Research5d ago

Nomura Upgrades SCG Packaging to Buy From Neutral, Adjusts Price Target to THB35.23 From THB21

SCG Packaging (BKK:SCGP) has an average rating of overweight and mean price target of 33.15 baht, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BKK:SCGP

Treasury5d ago

Minmetals Capital Issues 2 Billion Yuan of Debts

Minmetals Capital (SHA:600390) issued 2 billion yuan of three-year debts, according to a Thursday disclosure to the Shanghai Stock Exchange.The bonds hold a coupon rate of 1.97% and form the first tranche of an 18-billion-yuan debt issuance.

SHA:600390

Asia5d ago

CTBC Financial's Banking Unit to Sign Co-Branded Card Deal

CTBC Financial's (TPE:2891) subsidiary, CTBC Bank, approved the signing of a co-branded card agreement with Greater China Connection, according to a Wednesday filing with the Taiwan Exchange.Greater China Connection is a consortium of China Airlines, Eastern Airlines, Southern Airlines and Xiamen Airlines.

TPE:2891

Asia5d ago

Market Chatter: Geely to Take Over Part of Ford's Spain Plant

China's Geely has agreed to take over part of a Ford Motor factory in Spain, where it plans to build vehicles on an idle assembly line, Bloomberg News reported Thursday, citing people familiar with the matter.Spanish Prime Minister Pedro Sánchez is expected to announce the agreement at Ford's Almussafes plant near Valencia later Thursday, the report said.The facility, which also produces the Ford Kuga crossover, has been operating at less than a quarter of its capacity of 450,000 vehicles per year, according to Bloomberg.Geely did not immediately respond to' request for a comment.Shares of Geely Automobile Holdings (HKG:0175), part of Geely Holding Group, rose 3% in Thursday trading.(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^SZSEHKG:0175

Treasury5d ago

Shanghai Pudong Development Bank Files for Singapore Listing of 3 Billion Yuan Bonds

Shanghai Pudong Development Bank (SHA:600000) through its Hong Kong branch, filed for the listing of 3 billion yuan worth of 1.68% bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted on the Bonds Market on or about July 24, the bank said.

^STISHA:600000

Asia5d ago

Orbbec Proposes to Reduce Planned Proceeds for Two Projects; Shares Down 3%

Orbbec (SHA:688322) proposed to reduce the amount of proceeds allocated to two projects, according to a Shanghai bourse filing on Thursday.The decision was made after the net proceeds raised from a share placement, which amounted to 974.7 million yuan, were found to be lower than the amount originally planned for investment.The company will slightly reduce the planned proceeds for a research and development platform for an AI vision and spatial perception technology for robotics to 8.58 billion yuan.The planned proceeds for an AI vision sensor and intelligent hardware manufacturing base will be reduced to 1.17 billion yuan from 1.22 billion yuan.The Chinese electronics components distributor's shares fell 3% during the afternoon trade.

SHA:688322

Asia5d ago

Hatten Land Changes Financial Year End to Dec. 31

Hatten Land (SGX:PH0), which is under judicial management, has changed its financial year-end to Dec. 31 from June 30 to streamline resource management, business operations and financial reporting, according to a Wednesday Singapore Exchange filing.As a result, the company's next full-year financial results will cover the 18-month period from July 1, 2025, to Dec. 31, 2026. The next full year results are slated to be released by Feb. 28, 2027.Hatten Land will hold its next annual general meeting by April 30, 2027, for the 18-month financial period.The company's shares have been suspended from trading since Aug. 6, 2024.

SGX:PH0

Asia5d ago

New Zealand Shares Rise Slightly; Spark New Zealand Appoints COO

New Zealand shares ended slightly higher on Thursday as most Asian markets saw gains amid an escalating Middle East conflict.The S&P/NZX 50 Index rose 0.23% or 32.13 points to close at 13,795.31.The Houthis, Yemen's Iran-backed group, struck two Saudi oil tankers on Thursday under a naval blockade of the kingdom, raising the prospect of simultaneous disruptions to oil flows through both the Red Sea and the Strait of Hormuz, according to a Reuters report.In corporate news, Spark New Zealand (ASX:SPK, NZE:SPK) appointed Tommy Bjorkberg as chief operating officer, effective Oct. 1.Genesis Energy (NZE:GNE, ASX:GNE) reported total retail electricity sales of 1,543 gigawatt-hours (GWh) for the fiscal fourth quarter ended June 30, down from 1,696 GWh in the same quarter a year earlier.

^NZ50ASX:GNEASX:SPKNZE:GNENZE:SPK

Asia5d ago

Dabur India Partners With GreenLine to Deploy LNG Trucks

Dabur India (NSE:DABUR, BOM:500096) partnered with GreenLine Mobility Solutions to deploy LNG-powered trucks across its logistics network as part of efforts to reduce supply chain emissions, according to a Wednesday press release.Under the partnership, GreenLine Mobility Solutions, an Essar Group venture, will provide LNG-powered trucks for Dabur India's long-haul freight operations.The initiative is intended to reduce emissions while maintaining logistics efficiency and reliability.

BOM:500096NSE:DABUR

Asia5d ago

Macquarie Board Makes Formal Enquiry of KPMG Regarding Ongoing Ability to Deliver Audit

Macquarie Group's (ASX:MQG) board made formal enquiries of KPMG, including KPMG's ongoing capability and capacity to deliver the group's audit, according to a Thursday Australian bourse filing.The board's enquiries also include an assessment of the integrity of the involvement of KPMG in Macquarie's audit tender process, supported by an external review by Allens under a scope agreed upon with Macquarie.In a disclosure last November 2025, the group selected KPMG as its recommended auditor starting in the fiscal year 2028 following a tender for audit services.

ASX:MQG

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