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Biokin Pharma Enrolls First Subject for T-Bren's Phase III Trial

Sichuan Biokin Pharmaceutical (SHA:688506) enrolled the first subject for the Phase III clinical trial of T-Bren, according to a Shanghai bourse filing on Wednesday.The drug is being tested in combination with pertuzumab and trastuzumab for the treatment of HER2-positive recurrent or metastatic breast cancer.

SHA:688506

Asia54d ago

Sea's Net Profit Up 7% in Q1

Singapore-headquartered Sea's net income rose 6.7% to $438.2 million in the first quarter of 2026 from $410.8 million a year earlier, according to a news release late Tuesday.Earnings per share came in at $0.67, up from $0.65 in the year-ago period, the New York-listed technology company said.Revenue surged 46.6% year over year to $7.1 billion, backed by strong performance across its e-commerce, digital financial services, and gaming businesses.

^STI

Japan54d ago

ASX Midday Sector Update: Materials Stocks Jump, Financial Sector Struggles

Materials stocks advanced nearly 3% at midday Wednesday.BHP Group (ASX:BHP) gained almost 4% in recent trade.Meanwhile, the financial sector struggled, shedding nearly 4%.Commonwealth Bank of Australia (ASX:CBA), whose shares fell almost 10% in recent trade, reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier.

ASX 200ASX:BHPASX:CBA

Asia54d ago

Xero Launches Live Claude Integration With Anthropic

Xero (ASX:XRO) said Wednesday it launched its live integration with Anthropic, bringing the latter's Claude artificial intelligence directly into Xero and Xero's financial data and tools into Claude.ai.The company said in a statement that the integration "leverages the same foundational capabilities" that its superagent JAX uses. Users with an active Xero subscription can now bring their financial data directly into their conversations with Claude.Financial data shared between the platforms is used solely for the user's specific session, and proprietary business data is not used to train Claude's artificial intelligence models, per the statement.

ASX:XRO

Asia54d ago

Breton Technology to Acquire Minority Interests in Three Entities

Breton Technology (HKG:1333) agreed to acquire a 21.96% interest in Xingyuan Zhisheng at nil consideration, according to a Tuesday filing with the Hong Kong bourse.The battery-electric engineering firm's shares gained nearly 2% in pre-market trade Wednesday.The firm is acquiring the stake from three sellers and will inject around 11 million yuan into the partnership, corresponding to its capital contribution requirement as a partner.The funds will be used to invest in companies focusing on green and low-carbon and new energy sectors, Breton said.A portion of the stake to be transferred represents Shanghai Boxi's unpaid subscribed partnership interest in Xingyuan Zhisheng.Shanghai Boxi, which is associated with the company's controlling shareholder Chen Fangming, had planned to contribute 25 million yuan for a 49.98% partnership interest, but ultimately injected 18 million yuan, corresponding to a 36.02% partnership interest.Meanwhile, in a separate announcement, Breton Technology said it was acquiring a 6.83% stake in Xingmiao Photoelectric for about 14 million yuan.The firm will acquire the stake from Cloud Tribe Yijin, an entity tied to Chen.Breton Technology simultaneously announced an agreement to acquire a 6.82% interest in Suzhou Junhao Electric Power for 13 million yuan.The firm will acquire the stake from Shanghai CPI Ronghe New Energy Investment Management Center, it said.

HKG:1333

Asia54d ago

Strike Energy's Downside Appears Limited, While Upside Exposure Remains Significant, Euroz Hartleys Says

Strike Energy's (ASX:STX) downside appears limited at current levels, while upside exposure remains "significant" through stronger domestic gas pricing, asset progression, exploration success, and potential mergers and acquisitions, Euroz Hartleys said in a note on Wednesday.Near-term catalysts include the Walyering West flow test results, binding terms on a downstream commercialization at West Erregulla expected via the nearby producing Waitsia gas plant, and first gas sales from the South Erregulla peaking plant targeted for Oct. 1.At steady state, Strike is forecast to generate around AU$90 million per year in earnings before interest, taxes, depreciation, and amortization (EBITDA) following South Erregulla's start-up, increasing to around AU$150 million per year once West Erregulla is online.The investment firm retained its buy rating on Strike Energy and a price target of AU$0.22 per share.

ASX:STX

Asia54d ago

TrickleStar Shares Jump 59% on Over SG$2 Million Placement for Expansion

TrickleStar (SGX:CYW) signed a placement agreement with PrimePartners Corporate Finance to raise SG$2.4 million through the placement of around 79.1 million shares at SG$0.0306 per share, according to a Wednesday filing with the Singapore Exchange.Proceeds from the placement exercise will be used for business expansion and for general working capital needs.Shares of the provider of energy saving products surged 59% in Wednesday trading.

SGX:CYW

Asia54d ago

Market Chatter: China Urges Pakistan to Step Up Iran Mediation as Xi-Trump Summit Nears

China called on Pakistan to intensify mediation efforts in the Iran crisis, warning that escalating tensions could overshadow U.S. President Donald Trump's upcoming visit to Beijing, The South China Morning Post reported Wednesday.Chinese Foreign Minister Wang Yi praised Islamabad's role in extending the U.S.-Iran ceasefire but urged further action to help reopen the Strait of Hormuz and restore regional peace, according to the report. Yang added that China will continue to support Pakistan's diplomatic push.Despite a truce extension brokered with Pakistani help, hostilities between the U.S. and Iran persist.Meanwhile, Pakistani Foreign Minister Ishaq Dar called for closer coordination to safeguard regional stability, Reuters wrote.(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

Asia54d ago

Unity Group Unit Secures Energy Retrofit Project With Malaysian Retailer MYDIN

Unity Group's (HKG:1539) Malaysian unit secured a nationwide energy efficiency project with retailer MYDIN, according to a Tuesday Hong Kong bourse filing.Shares of the energy-services provider were up over 1% in Wednesday morning trade.Synergy ESCO (Malaysia) entered into an energy performance contract to upgrade about 210,000 lighting units across 21 MYDIN mall outlets in Malaysia.MYDIN operates 74 retail and wholesale outlets across Malaysia, according to the filing.

HKG:1539

Asia54d ago

ANTA Sports Cuts Convertible Bond Conversion Price After Dividend Approval

ANTA Sports Products (HKG:2020) will adjust the conversion price of its 1.5 billion euros zero-coupon guaranteed convertible bonds due in 2029 to HK$99.80 from HK$101.13 following shareholder approval of a final dividend, according to a Tuesday Hong Kong bourse filing.Shares of the Chinese sportswear group were down nearly 1% in Wednesday morning trade.The adjustment will take effect on May 19.ANTA declared a final dividend of HK$1.08 per share for 2025, with shareholders on record as of May 18 eligible for the payout.Assuming full conversion of the bonds following the adjustment, the bonds will be convertible into about 122.6 million shares, representing about 4.38% of the company's issued share capital.

HKG:2020

Asia54d ago

Huaguang Environment & Energy Associate Submits Hong Kong Listing Application; Shares Up 10%

Wuxi Huaguang Environment & Energy's (SHA:600475) associate, Guolian Green Technology (Wuxi), submitted an application to list and offer shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Wednesday.Guolian Green Tech is a provider of full-cycle smart energy management systems.The Chinese environmental protection services provider's shares jumped 10% during the morning trade.

SHA:600475

Asia54d ago

Yum China Plans $512 Million Share Buybacks in US, Hong Kong

Yum China (HKG:9987) entered into share repurchase agreements for about $512 million of buybacks in the second half of 2026, according to a Tuesday Hong Kong bourse filing.Shares of the restaurant operator were up over 1% in Wednesday morning trade.The company will buy back about $384 million worth of shares in the U.S. and nearly HK$1 billion in Hong Kong.The buybacks are part of a broader plan to return $1.5 billion to shareholders through dividends and share repurchases in 2026.Repurchase programs are expected to begin on July 1 and continue through Dec. 31, unless completed earlier.

HKG:9987

Asia54d ago

Aquirian Expected to Have Balance Sheet Flexibility to Advance Drillforce Unit, Euroz Hartleys Says

Aquirian (ASX:AQN) is expected to have the balance sheet flexibility to advance the ramp-up of its Drillforce subsidiary, increasing the likelihood of future upgrades, Euroz Hartleys said in a Tuesday note.The company recently raised AU$8 million through the placement of about 19.9 million shares at AU$0.40 apiece, with proceeds to be used in the inventory build of automated Collar Keeper Systems and critical spares, Drillforce working capital management, and debt restructuring.Ongoing conversion of the opportunity pipeline is expected to drive earnings upgrades, aligning earnings multiples more closely with peers, the investment advisory firm said.Euroz Hartleys reaffirmed its buy recommendation on Aquirian and raised its price target to AU$0.80 from AU$0.75.

ASX:AQN

Asia54d ago

Market Chatter: Investors Look Beyond Trade Tensions at Trump-Xi Summit

Investors are betting that trade disputes will take a back seat when U.S. President Donald Trump meets Chinese President Xi Jinping in Beijing, Reuters reported Tuesday.Instead, investors are focused on artificial intelligence and possible easing of U.S. chip export curbs, according to the report.China's yuan has climbed to a three-year high, while the Shanghai Composite has reached an 11-year peak amid AI-driven export growth, Reuters wrote.Fund managers remain optimistic despite concerns over Iran, Taiwan and rare earths. Investors are closely watching whether Washington will allow more advanced NVIDIA chips into China, viewing AI development as the market's primary driver, Reuters cited Zeng Wanping, manager at Beijing Monolith Fund.(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

Asia54d ago

SKC to Raise KRW1.167 Trillion via Shares Issuance; Shares Decline 3%

SK Group's chemical and materials unit SKC (KRX:011790) plans to issue 11.7 million new shares, valued at 1.167 trillion won, according to a filing with the Korea Exchange on Wednesday.The shares will be issued at 99,500 won apiece, the filing said.A portion of the proceeds will be used to secure customer certification for glass substrates and establish a mass production system. SKC will also use the funds to repay borrowings.Shares of the company fell over 3% in recent trade.

KRX:011790

International54d ago

Australia's Wage Price Index Rises in March Quarter

Australia's seasonally adjusted wage price index rose 0.8% in the March quarter, unchanged from the December 2025 quarter, data from the Australian Bureau of Statistics showed on Wednesday.Quarterly wage growth was led by health care and social assistance, up 0.7%.Hourly pay rates, excluding bonuses, increased by 0.8% in the private and 0.5% in the public sectors.On an annual basis, wage growth was 3.3% in the March quarter, down from 3.4% in the previous quarter.Public sector wages rose 3.3% in the year to the March quarter, down from 3.6% a year earlier, while private sector wages grew 3.2%, down from 3.3%.

ASX 200

Asia54d ago

Powerlong Real Estate Creditors Approve Debt Restructuring Scheme; Shares Up 4%

Powerlong Real Estate (HKG:1238) secured creditor approval for its proposed debt restructuring scheme at a scheme meeting, according to a Tuesday Hong Kong bourse filing.Shares of the Chinese property developer were up nearly 4% in Wednesday morning trade.A total of 445 scheme creditors holding claims worth about $2.9 billion voted in favor of the proposal, representing about 89.5% of the value of voting claims at the meeting.Powerlong Real Estate will next seek court sanction for the scheme at a hearing scheduled for June 17 in Hong Kong.

HKG:1238

Asia54d ago

Perenti's Sustainable Cash Generation Strategy Supported by Reward of Bellevue Gold Contract, Euroz Hartleys Says

Perenti's (ASX:PRN) existing strategy, centred on sustainable cash generation, disciplined growth, and increasing exposure to high-quality underground mining opportunities, is supported by the reward of a Bellevue Gold (ASX:BGL) contract, Euroz Hartleys said in a note on Wednesday.The firm's underground mining business, Barminco, was awarded an around AU$850 million, four-year underground mining contract at the Bellevue gold project in Western Australia.This represents a meaningful addition to Barminco's Australian underground mining portfolio and further reinforces Perenti's position as a leading underground mining contractor, translating to annualized revenue of around AU$210 million.The investment firm retained its buy rating on Perenti and a price target of AU$2.92 per share.

ASX:BGLASX:PRN

Asia54d ago

Market Chatter: Trump Shuns China's Help on Iran Ahead of High-Stakes Beijing Summit

US President Donald Trump said he does not need China's help to settle the conflict with Iran, Reuters reported Tuesday."I don't think we need any help with Iran. We'll win it one way or the other, peacefully or otherwise," the president reportedly said.The conflict has led to the closure of the Strait of Hormuz, causing global disruptions to oil supplies and pricing.Iran has appeared to strengthen its hold on the Strait by canceling oil and LNG delivery contracts with Iraq and Pakistan, prompting other countries to seek alternative agreements, sources told Reuters.Trump is expected to discuss the Iran war with Chinese President Xi Jinping during his visit to Beijing this week."We have a lot of things to discuss. I wouldn't say Iran is one of them, to be honest with you, because we have Iran very much under control," Trump told reporters, as per the Associated Press.(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

Asia54d ago

Market Chatter: Nvidia CEO Joins Trump's Delegation to China in Last-Minute Decision

Jensen Huang, Nvidia's chief executive officer, joined U.S. President Donald Trump in his trip to China, according to a Wednesday report on Bloomberg News.Huang was previously reported as not being part of the US delegates to the trip, which included SpaceX and Tesla's Elon Musk, Apple's Tim Cook, Boeing's Kelly Ortberg and Meta's Dina Powell McCormick.The White House confirmed in an email the inclusion of Musk, Cook, Ortberg and McCormick, but did not mention Huang as being part of the US delegation.Huang was seen boarding Air Force One in an Alaskan stopover, according to the media outlet.White House spokesman Steven Cheung told Bloomberg there were changes in Huang's schedule, 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.)

Shanghai Composite^SZSE

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