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HSBC Downgrades Trade Desk to Reduce From Hold, Adjusts Price Target to $20 From $31

Trade Desk (TTD) has an average rating of overweight and mean price target of $26.75, 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://www..com/contact-us)

$TTD

Asia Markets52d ago

South Korea's Kospi Hits All-Time High; Samsung Rises 6%

South Korea's benchmark index Kospi closed at an all-time high on Monday, with the rally driven by chip giants Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which gained over 6% and nearly 12%, respectively.The Korea Composite Stock Price Index or Kospi increased by 324.24 points, or 4.3%, to end at 7,822.24. The Kosdaq finished little changed in negative territory at 1,207.34.In economic news, South Korea's exports surged 43.7% to $18.4 billion in the first 10 days of May from $12.8 billion a year earlier, Monday data from the Korea Customs Service showed.Imports increased 14.9% to $16.7 billion, resulting in a $1.7 billion trade surplus.In corporate news, shares of Hanwha Ocean (KRX:042660) rose 3% after the company secured a 363.2 billion won order for a liquefied natural gas carrier from a Europe-based shipper.In other news, Hyundai Motor Group and Korea Aerospace Industries (KRX:047810) signed a memorandum of understanding to develop advanced air mobility solutions.Shares of Hyundai (KRX:005380) closed 5% higher, while those of Korea Aerospace edged up 2%.

^KOSDAQKOSPIKRX:000270KRX:000660KRX:005380KRX:005930KRX:042660KRX:047810

International52d ago

Market Chatter: China's Gold Consumption Up 4.4% in Q1

China's gold consumption grew 4.4% year over year to 303.3 tonnes in the first quarter, Xinhua News Agency reported Saturday, citing the China Gold Association.Gold bar and coin consumption jumped 46% to 202.1 tonnes, while gold jewelry consumption fell 37% to 84.6 tonnes, the report said.Gold exchange-traded funds added 50.4 tonnes in the first three months of the year, with total ETF holdings reaching 298.3 tonnes as of the end of March.(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

US Markets52d ago

GSK Teams Up with Sino Biopharmaceutical for Distribution of Potential Hepatitis B Drug in China

GSK (GSK.L) agreed to an exclusive strategic collaboration with Hong Kong-listed Sino Biopharmaceutical that will see the British pharmaceutical giant's potential treatment for chronic hepatitis B get scaled access to over 5,000 medical centers in mainland China at launch.Bepirovirsen was accepted for priority regulatory review in China in April on the back of positive results from the B-Well 1 and B-Well 2 phase 3 trials, according to a Monday release. The trials showcased statistically significant and clinically meaningful functional cure rates for hepatitis B, which can cause both acute and chronic liver disease.Under the initial 5.5-year deal, Sino Biopharmaceutical unit Chia Tai Tianqing Pharmaceutical Group will purchase the drug from GSK and handle its import, distribution, hospital access, and commercialization in mainland China. The term may be extended, subject to mutual agreement.Meanwhile, GSK will retain marketing authorization and remain responsible for regulatory, quality, pharmacovigilance, and global strategy matters. The global biopharma company will also be able to review certain early-stage pipeline assets of Sino Biopharmaceutical to evaluate the potential for collaboration opportunities outside China.Besides its priority review and breakthrough therapy designation in China, bepirovirsen has received priority review, fast track and breakthrough labels from the US Food and Drug Administration, and SENKU designation in Japan for an expedited assessment.

$GSK.L

International52d ago

China Shipbuilding Output Rises 46% in Q1

The Chinese shipbuilding sector's output grew 46% year over year to about 15.7 million deadweight tonnes in the first quarter, Xinhua News Agency reported Saturday, citing the Ministry of Industry and Information Technology.The figure comprised 57% of the global total, the report said.New orders soared 195% to 59.5 million DWT, equivalent to about 85% of the global market share.Holding orders increased 44% to 322.3 million DWT, equivalent to about 70% of the worldwide total.

Shanghai Composite^SZSE

Asia Markets52d ago

Hong Kong Stocks Little Changed as U.S.-Iran Talks Remain Deadlocked; LDROBOT Gains on Debut

Hong Kong stocks were broadly unchanged Monday as diplomatic tensions between the U.S. and Iran remained unresolved.The Hang Seng Index rose 13.13 points to end little changed at 26,406.84, while the Hang Seng China Enterprises Index barely moved in negative territory, slipping 4.87 points to finish at 8,884.20.U.S. President Donald Trump on Sunday rejected Iran's response to a U.S. proposal aimed at ending the conflict, calling Tehran's demands "totally unacceptable."Iran's proposal centered on ending the conflict, lifting sanctions, securing reparations, and gaining recognition of its control over the Strait.Meanwhile, Trump and Chinese President Xi Jinping are expected to discuss Iran, Taiwan, artificial intelligence, and nuclear weapons as the two sides consider extending a critical minerals agreement during their first face-to-face meeting in more than six months.Trump is expected to arrive in Beijing on Wednesday ahead of talks scheduled for Thursday and Friday.In corporate news, Shenzhen LDROBOT (HKG:1236) debuted in Hong Kong, closing nearly 128% higher at HK$60.00, compared with the offer price of HK$26.36.Sino Biopharmaceutical (HKG:1177) advanced over 4% after securing rights to supply GlaxoSmithKline's hepatitis B drug bepirovirsen in China.

Hang SengHKG:1177HKG:1236

International52d ago

Market Chatter: China Auto Sales Slump for Seventh Month in April, But Exports Surge

China's domestic car sales fell for a seventh consecutive month in April, dropping 22% year on year to 1.4 million vehicles, Reuters reported Monday, citing data from the China Passenger Car Association.The CPCA said combustion engine cars underperformed due to high oil prices, while plug-in hybrid demand also remained sluggish, according to the report.Sales of electric vehicles and plug-in hybrids, which made up 61% of total sales, declined 6.8%,. This marked a fourth straight month of losses, Reuters wrote.EV and plug-in hybrid exports jumped 112% from a year earlier, exceeding the 80% rise in overall car exports, according to the report. Global fuel price spikes, driven by the U.S.-Israeli conflict with Iran, boosted overseas EV demand.(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

Insider Trading53d ago

Virtu Financial Insider Sold Shares Worth $1,501,854, According to a Recent SEC Filing

Brett Fairclough, Co-President and Co-Chief Operating Officer, on May 08, 2026, sold 30,000 shares in Virtu Financial (VIRT) for $1,501,854. Following the Form 4 filing with the SEC, Fairclough has control over a total of 42,473 Class A common shares of the company, with 42,473 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1592386/000178817026000006/xslF345X05/wk-form4_1778291472.xml

$VIRT

Insider Trading53d ago

Spyre Therapeutics Insider Sold Shares Worth $5,952,050, According to a Recent SEC Filing

Michael Thomas Henderson, Director, on May 08, 2026, sold 80,000 shares in Spyre Therapeutics (SYRE) for $5,952,050. Following the Form 4 filing with the SEC, Henderson has control over a total of 88,606 common shares of the company, with 88,606 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1636282/000163628226000053/xslF345X05/wk-form4_1778290306.xml

$SYRE

Insider Trading53d ago

Mp Materials Corp. Insider Sold Shares Worth $521,850, According to a Recent SEC Filing

Elliot Dean Hoops, General Counsel and Secretary, on May 08, 2026, sold 6,958 shares in Mp Materials Corp. (MP) for $521,850. Following the Form 4 filing with the SEC, Hoops has control over a total of 55,095 common shares of the company, with 54,095 shares held directly and 1,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1801368/000186289426000009/xslF345X05/wk-form4_1778289873.xml

$MP

Insider Trading53d ago

Flex Insider Sold Shares Worth $2,072,100, According to a Recent SEC Filing

Charles K. Stevens III, Director, on May 08, 2026, sold 15,000 shares in Flex (FLEX) for $2,072,100. Following the Form 4 filing with the SEC, Stevens has control over a total of 45,426 ordinary shares of the company, with 45,426 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/866374/000159714926000004/xslF345X05/wk-form4_1778287704.xml

$FLEX

Insider Trading53d ago

Playboy Insider Sold Shares Worth $446,861, According to a Recent SEC Filing

Marc Crossman, Chief Financial Officer and Chief Operating Officer, on May 06, 2026, sold 261,677 shares in Playboy (PLBY) for $446,861. Following the Form 4 filing with the SEC, Crossman has control over a total of 1,377,683 common shares of the company, with 1,358,075 shares held directly and 19,608 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1803914/000162828026033096/xslF345X05/wk-form4_1778287435.xml

$PLBY

Insider Trading53d ago

Apogee Therapeutics Insider Sold Shares Worth $462,784, According to a Recent SEC Filing

Carl Dambkowski, Chief Medical Officer, on May 06, 2026, sold 5,500 shares in Apogee Therapeutics (APGE) for $462,784. Following the Form 4 filing with the SEC, Dambkowski has control over a total of 207,023 common shares of the company, with 207,023 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1974640/000110465926058129/xslF345X05/tm2613976-1_4seq1.xml

$APGE

Insider Trading53d ago

Aercap Holdings N.v. Insider Sold Shares Worth $675,600, According to a Recent SEC Filing

Vincent Drouillard, General Counsel, on May 07, 2026, sold 4,504 shares in Aercap Holdings N.v. (AER) for $675,600. Following the Form 4 filing with the SEC, Drouillard has control over a total of 200,492 ordinary shares of the company, with 91,323 shares held directly and 109,169 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1378789/000095015726000587/xslF345X05/form4.xml

$AER

US Markets53d ago

Adnoc Drilling Affirms 2026 Outlook After Record First-quarter Performance

Adnoc Drilling (ADX:ADNOCDRILL) said Monday it is well-placed to meet its full-year 2026 guidance, following a "best-ever" first-quarter performance.The offshore drilling company expects net profit of between $1.45 billion and $1.50 billion and revenue of $5 billion for 2026, bolstered by high utilization, expanding integrated services and multi-year contract visibility.Supporting this reiterated outlook, Adnoc Drilling's profit after tax rose year over year to $346.7 million from $340.9 million, while revenue climbed to $1.23 billion from $1.17 billion in the year-ago period. The 5% increase in revenue was underpinned by operational stability and efficiency alongside "strong" cash generation across its segments amid shifting market conditions.With free cash flow up 12% year over year to $356 million, the board recommended a cash dividend of 0.06025 Emirati dirham per share for the first quarter, subject to shareholders' approval. A year ago, the management paid 0.04976 dirham per share.While the quarterly dividend translates to $262.5 million in total, Adnoc Drilling said its 2026 dividend floor of $1.05 billion is still "well supported by strong free cash flow generation, long-term contract coverage and balance sheet strength."

ADX:ADNOCDRILL

Insider Trading53d ago

Monolithic Power Systems Insider Sold Shares Worth $19,019,482, According to a Recent SEC Filing

Eugen J Elmiger, Director, on May 06, 2026, sold 12,000 shares in Monolithic Power Systems (MPWR) for $19,019,482. Following the Form 4 filing with the SEC, Elmiger has control over a total of 5,402 common shares of the company, with 5,402 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1280452/000121465926005860/xslF345X05/marketforms-73082.xml

$MPWR

International53d ago

French Foreign Exchange Reserves Decrease in April

France's foreign exchange reserves fell to 386.90 billion euros in April from 390.63 billion euros in March, according to government data published Monday.The total amount consisted of 310.09 billion euros in gold reserves and 31.65 billion euros in foreign currency reserves, along with 38.68 billion euros in claims on the International Monetary Fund and 6.47 billion euros in other reserve assets.

^SXXP

US Markets53d ago

oOh!media Gets Second Takeover Offer From I Squared Capital

oOh!media (ASX:OML) received a second takeover offer in about two weeks. I Squared Capital, or ISQ, offered to take over the Australian outdoor advertising and media company for AU$1.45 per share, the company said in a Monday press release.ISQ's takeoffer price is higher than Pacific Equity Partners' previous offering of AU$1.40 per share.The second takeover offer could value the company at AU$765.9 million, according to Bloomberg News on Monday.Both offers are conditional and non-binding and ISQ's offer price is subject to adjustment. However, the company deemed that neither offer "adequately reflects the intrinsic value of oOh!"Despite this, the company is prepared to give both ISQ and PEP access to a "limited amount of due diligence information" to see whether they can offer a revised proposal, according to the release.Amid the offer, the company decided to pause its plan to buy back about 53.9 million shares. The program was supposed to run from March 12 this year until March 11, 2027.Morningstar director Brian Han said PEP's offer, which was previously labelled as "opportunistic", was actually "merely a conversation starter", with which ISQ came in with a higher offer, according to a Financial Review article on Monday.The company may have rejected both offers, Han said, but the company has set up a "'for auction' sign", the report said.However, Entcho Raykovski, Evans and Partners' head of media and telecoms research, described ISQ's offer as "undemanding". An offer of up to AU$1.60 per share could bring an internal rate of return in double digits for a private equity acquirer, Raykovski said in the AFR report.oOh!media said it is engaging with other parties and "may potentially receive change of control proposals" from them, according to the company's release.The company showed good performance for the whole year of 2025 as its revenue rose to AU$691.4 million from AU$635.6 million a year earlier. Its adjusted earnings also went up to AU$0.117 per share from AU$0.109 in the prior year.oOh!media's shares jumped 7.1% at the close.

ASX:OML

Asia Markets53d ago

Japan Shares Fall as US-Iran Deadlock Fuels Energy Supply Fears; Nintendo Tumbles 8%

Japanese shares ended lower on Monday as risk sentiment weakened after U.S. President Donald Trump and Iran rejected each other's latest proposals to end the Middle East conflict, fueling concerns over prolonged geopolitical tensions and tighter energy supplies.The Nikkei 225 fell 0.5%, or 295.77 points, to close at 62,417.88.U.S. President Donald Trump dismissed Iran's latest counterproposal to end the 10-week Middle East conflict as "totally unacceptable," while Tehran signaled it would not concede to U.S. demands, deepening a standoff that has disrupted flows through the Strait of Hormuz and rattled global energy markets.Trump said on Truth Social on Sunday that he had reviewed Iran's response delivered through intermediaries and rejected it outright. Iranian state media characterized Tehran's position as a refusal to accept what it described as a U.S. push for "surrender."Iran reportedly sought war reparations, full control over the Strait of Hormuz, the removal of sanctions, and the release of frozen Iranian assets as part of any agreement.On the corporate front, Nintendo (TYO:7974) fell 8% after forecasting a 27% decline in fiscal 2027 profit and an 11.4% drop in sales, while also raising Nintendo Switch 2 prices in Japan and the U.S. amid tariff pressures.MEITEC Group Holdings (TYO:9744) slipped 1% after saying a November 2025 interim dividend exceeded the legally distributable amount due to a calculation error and appointing external experts to investigate the matter.Japan Tobacco (TYO:2914) climbed 7%, as first-quarter profit attributable to owners of parent rose 25.1% to 197.04 billion yen and the company maintained its full-year outlook.

Nikkei 225TYO:2914TYO:7974TYO:9744

Oil & Energy53d ago

EMEA Oil Update: Brent Surges as Hopes for Iran Peace Deal Fade

Brent crude futures surged on Monday after US President Donald Trump rejected an Iranian peace offer, renewing fears of a prolonged shutdown of the Strait of Hormuz.The Brent futures contract gained about 3.9% to $105.24 per barrel. Murban futures closed at $98.82 on May 8 and was not trading as of the time of publishing this oil price update.Analysts noted that the price spike signals a shift in market sentiment as traders abandon hope for a quick diplomatic fix in favor of a tighter global supply outlook.Although optimism for an immediate 14-point peace memorandum is rapidly evaporating, investors are clinging to a glimmer of hope regarding a scheduled summit between President Trump and Chinese President Xi Jinping.Analysts at ING noted that the market is now betting on China utilizing its significant economic leverage over Tehran to push for a workable agreement, though they cautioned that such mediation is "easier said than done."This surge marks a sharp reversal from last week's performance, where both major benchmarks ended the period lower despite intermittent military skirmishes.

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US Markets53d ago

oOh!media Gets Second Takeover Offer From I Squared Capital

ASX:OML