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Foundation Healthcare's Stabilizing Manager Buys Shares in Open Market

UBS, Singapore Branch, acting as the stabilizing manager for Foundation Healthcare's (SGX:FHH) initial public offering, purchased 44,500 shares in the open market on July 21, according to a Tuesday Singapore Exchange filing.The shares were acquired at prices of up to SG$0.72 each as part of stabilizing actions related to the IPO.

SGX:FHH

Asia8h ago

Market Chatter: Sun PhuQuoc Airways Plans to Expand Operations in Thailand, Increase Fleet

Vietnamese airline Sun PhuQuoc Airways aims to expand its operations in Thailand as it plans to begin daily flights between Bangkok and Phu Quoc next month, according to a Bangkok Post report on Tuesday, quoting La Vinh Nam, the company's deputy director of sales.He said the opportunity is not restricted to Thai travellers visiting Phu Quoc, but also international passengers connecting through Bangkok from markets such as India, the Middle East, Europe and Southeast Asia.This would be the airline's sixth international destination since its launch last year, after Taipei, Seoul, Hong Kong, Singapore and Chengdu.Sun PhuQuoc Airways also plans to expand its fleet and operate 28 narrow-body aircraft and four Airbus A330 widebody jets by the end of this year, which will be deployed on long-haul routes including Russia and Kazakhstan, 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.)

^HNX^HOSE

Asia8h ago

TS Financial's Unit Fined by Taiwan Regulator

TS Financial's (TPE:2887) subsidiary, Taishin Securities unit was fined NT$3.6 million and received a warning from the Financial Supervisory Commission of Taiwan, according to a Tuesday filing with the Taiwan Exchange.The company disclosed the occurrence of an abnormal situation in the electronic trading system after Taishin Securities merged with MasterLink Securities on April 6.An investigation found that the company had failed to implement its internal control system and was therefore imposed penalties.The entity's financial operations will also be restricted and it will be barred from applying to add business types or items or establish new branches.

TPE:2887

Asia8h ago

Market Chatter: Kakao Bank's Unionized Workers to Hold Full-Scale Strike on July 31

Unionized workers at Kakao Corporation (KRX:035720) subsidiary Kakao Bank voted to carry out a full-scale strike on July 31 after failed talks with management over salary hikes and other benefits, Yonhap News reported Wednesday.The bank's union and management are at odds over wages and benefits after no agreement was reached during negotiations, despite the bank posting record first-quarter operating income and revenue, the report said.Kakao Corp. has also faced continued wage-related disputes, with union members carrying out strikes last month, according to the report.The company did not immediately respond to a request for comment from.Shares of Kakao Corp. added over 2% in recent trade.(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.)

KRX:035720

Asia8h ago

Market Chatter: Malaysian Car Association Lifts 2026 Sales Forecast on SUV, EV Momentum

The Malaysian Automotive Association (MAA) raised its full-year total industry volume (TIV) forecast to 800,000 units from 790,000 units, citing sustained demand for SUVs and electrified vehicles, New Strait Times reported Wednesday.The association also attributed the growth to improved policy certainty following the extension of the New Customised Incentive Mechanism (NCIM) timeline. MAA president Mohd Shamsor Mohd Zain said the extension has given automakers greater confidence to plan production, investment and sales.The industry sold 385,353 vehicles in the first six months of 2026, up 3% from 373,636 units a year earlier. MAA's revised forecast comprises 744,000 passenger vehicles and 56,000 commercial vehicles, though it remains below the record 820,752-unit TIV recorded in 2025, according to the report.Total vehicle production rose 1.2% to 356,946 units during the first half. Meanwhile, commercial vehicle sales declined 11%, mainly due to weaker demand for pick-up trucks after the removal of diesel subsidies for privately registered vehicles, the news outlet 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.)

FTSE Bursa Malaysia KLCI

Equities8h ago

Market Chatter: Saudi Arabia's Red Sea Crude Exports Reach Record Highs Ahead of Blockade Threat

Saudi Arabian exports of crude from the Red Sea reached a record of 5.9 million barrels per day in the week up to July 17, Bloomberg News reported Tuesday, citing a compilation of tanker tracking.The record comes just before Yemen's Houthis warned of a blockade of Saudi shipments. Vessels are still headed to Saudi Arabia's Red Sea ports despite the threats, the news outlet noted.The Saudi Oil Ministry did not immediately respond to' requests for comment.(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.)

^TASI

Asia8h ago

Cauldron Energy Says Drilling at Western Australia Uranium Deposit Extends Known Mineralization; Shares Reach 10-Year Peak

Cauldron Energy (ASX:CXU) said step-out exploration drilling at the Manyingee North deposit, part of the Yanrey uranium project in Western Australia, extended known mineralization further around 2,500 meters northwards, and around 550 meters to the south, according to a Wednesday Australian bourse filing.It encountered intercepts of 2.30 meters at 258.3 parts per million of triuranium octoxide-equivalent from 91.62 meters, as well as 1.74 meters at 644.9 parts per million of triuranium octoxide-equivalent from 91.58 meters.Air core drilling at the Cosgrove deposit also extended known mineralization, with an intercept of 0.50 meters at 301.4 parts per million of triuranium octoxide-equivalent from 61.11 meters.Cauldron Energy's shares jumped nearly 12% in recent trading on Wednesday and earlier reached a 10-year peak.

ASX:CXU

Asia8h ago

Tan Boon Liat Building in Singapore Sold for SG$950 Million

Tan Boon Liat Building, a freehold industrial property at Outram Road, Singapore, has been sold en bloc for SG$950 million (US$756 million) to a unit of Kingsford Group, according to media reports on Tuesday, citing the exclusive adviser and marketing agent for the property Cushman & Wakefield.The sale is subject to certain approvals and conditions.The 15-story building was first launched for collective sale in February 2025 with a reserve price of SG$1.15 billion. However, after it failed to close a deal at the time, the property was relaunched in February at a reserve price of SG$1 billion.

^STI

Wire8h ago

Tetratherix Improves Cash Position With Inaugural Superpower License Fee, Capital Raise

Tetratherix (ASX:TTX) received its first license fee revenue of $3 million in the June quarter as part of an exclusive research and development agreement with US consumer health group Superpower, according to a Wednesday filing with the Australian bourse.The fee revenue, combined with a net AU$14.7 million from a placement in May, left the company with a "strong cash position" of AU$34.4 million as of June 30, per the filing.The company closed the March quarter with AU$19.2 million of cash on hand, a previous filing showed.Tetratherix said it saw AU$19.3 million of cash inflows in the three months through June, bringing the total to AU$21.9 million for the full 2026 fiscal year.

ASX:TTX

International8h ago

Market Chatter: Fitch Raises Taiwan's Growth Projection for 2026, 2027 on Sustained AI Demand

Fitch Ratings raised its forecast for Taiwan's economic growth this year to 9.4% and increased its 2027 projection to 4.8% from 4%, citing sustained investment and strong demand for AI-related products, Focus Taiwan reported Tuesday.At the media briefing, the rating agency also reaffirmed Taiwan's AA sovereign rating with a stable outlook, reflecting its strong external finances, prudent fiscal management and competitive business environment, the report said.Fitch said Taiwan's advanced manufacturing and semiconductor industry should continue to underpin exports and growth, although its export-driven economy remains exposed to external shocks and cross-strait tensions, according to the report.The agency flagged weaker growth among major trading partners, softer global AI demand and heightened geopolitical risks as key downside risks, while warning that high energy costs could continue to weigh on utilities and energy-intensive industries, the news outlet 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.)

Taiwan Weighted

Asia8h ago

Sinclair Gold Says Drilling Extends Down-Dip Gold Mineralization at Western Australia Deposits; Shares Fall 5%

Sinclair Gold (ASX:SGC) said drilling extended down-dip gold mineralization at the Mt Henry and Selene deposits at the Mt Henry gold project in Western Australia, according to a Wednesday Australian bourse filing.It encountered intercepts of 33.2 meters at 1.6 grams per tonne (g/t) grade of gold from 230.7 meters at Selene and 17 meters at 1.5 g/t grade of gold from 180 meters at Mt Henry, per the filing.Sinclair Gold's shares fell nearly 5% in recent trading on Wednesday.

ASX:SGC

Asia8h ago

Fitch Affirms China Cinda Asset Management at A-, Outlook Stable

Fitch Ratings affirmed China Cinda Asset Management's (HKG:1359) long-term issuer default ratings at A- with a stable outlook.The ratings reflect the ratings agency's expectation of extraordinary government support and the company's policy role in managing distressed assets.Fitch said Cinda remains China's largest distressed asset manager by asset size and expects the company to play an increasingly important role in supporting financial stability during the country's economic slowdown.However, it expects earnings to remain under pressure from weaker income growth in the distressed-asset business and elevated credit impairment charges.The ratings agency said China Cinda's diversified earnings, including contributions from its banking subsidiary and other financial businesses, along with adequate capital and liquidity buffers and perceived government backing, should support its credit profile.

HKG:1359

Asia8h ago

Fitch Affirms PetroChina's A Rating, With Stable Outlook

Fitch Ratings affirmed PetroChina's (SHA:601857, HKG:0857) long-term issuer default and senior unsecured ratings at A, with a stable outlook.The ratings align with those of parent CNPC under the rating agency's consolidated approach, citing open legal ringfencing and access controls, according to a Tuesday research note.Fitch assesses the Chinese government's responsibility to support CNPC as "very strong" given its full state ownership, energy security role and robust finances.

HKG:0857SHA:601857

Asia8h ago

Market Chatter: China Mulls Stricter Export Controls on AI Technologies

Chinese authorities are looking to implement stricter export controls on artificial intelligence and semiconductor technologies amid intensifying AI rivalry with the U.S., the Financial Times reported Wednesday, citing two people familiar with the matter.Officials led by the Commerce Ministry have been in talks with local AI and chipmaking groups and companies, including Alibaba (HKG:9988), ByteDance, and Knowledge Atlas Technology or Z.ai (HKG:2513), to ensure Western powers do not pirate Chinese technologies and startups, the report said.Commerce Ministry officials have also consulted stakeholders on possibly restricting overseas chipmakers from manufacturing chips based on designs by Chinese companies, the report said.The Commerce Ministry 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.)

Shanghai Composite^SZSEHKG:2513HKG:9988

Asia8h ago

Topsports to End Online Nike Sales in China From 2027; Shares Plunge 24%

Topsports International (HKG:6110) said its authorization to sell products from Nike through online channels in mainland China will end on Jan. 1, 2027, according to a Wednesday Hong Kong exchange filing.It expects the move to have a significant short-term negative impact, as online sales of Nike products contributed about 22% of the group's total revenue in the financial year ended Feb. 28.Topsports said it remains committed to working closely with Nike on offline sales arrangements on a mutually beneficial basis.Shares of the company were down nearly 24% in recent trade.

HKG:6110

Equities8h ago

Repsol Wraps Up EUR350 Million Share Repurchase Program

Repsol (REP.MC) concluded its share repurchase program worth 350 million euros and decided to terminate it before its expiration date of July 30.The Spanish energy company bought back a total of 15,768,002 shares, corresponding to 1.43% of its share capital, according to a Tuesday release.In addition, the company executed a capital reduction of 15.8 million euros through the redemption of these shares.

$REP.MC

International8h ago

Market Chatter: Tokyo New Condo Prices Top 100 Million Yen for First Time in H1 2026

The average price of a new condominium in Tokyo and three surrounding prefectures surpassed 100 million yen for the first time in the first half of this year, jumping 13.1% on-year to a record 101.35 million yen, Nikkei Asia reported Tuesday, citing data from the Real Estate Economic Institute.Higher construction costs drove prices upward in the January-June period. Prices in central Tokyo rose 9.1% to 142.49 million yen, while those in Chiba surged 56.8% to 89.97 million yen. Prices in Kanagawa rose 20% to 83.46 million yen, while those in Saitama fell 1.3% to 64.69 million yen, the report said.New condo listings in Tokyo and the neighboring prefectures declined 0.8% to 7,989 units, 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.)

Nikkei 225

Treasury8h ago

Grenergy Renovables Files for Sixth Green Note Program

Grenergy Renovables (GRE.MC) said Tuesday it registered a green note program of up to 200 million euros with the Alternative Fixed Income Market.Filed on Monday, the Spanish renewable energy group's sixth green note program is subject to a financing framework in line with the green financing principles of the Loan Market Association and the International Capital Market Association.

$GRE.MC

Asia8h ago

Shenwan Hongyuan Completes 3-Billion-Yuan Bond Issuance

Shenwan Hongyuan (SHE:000166, HKG:6806) completed the issuance of bonds worth 3 billion yuan, according to a Wednesday filing with the Shenzhen bourse.The bonds hold a five-year term and a coupon of 1.89%.

HKG:6806SHE:000166

Asia8h ago

Australia's Federal Court Dismisses Dynamic Insurance Services' Representation Application in Competition Case Against Steadfast Group, QBE Insurance

Australia's Federal Court dismissed an application that sought approval for Dynamic Insurance Services Managing Director Cynthia Yap to represent the company in place of a lawyer in a case it filed against Steadfast Group (ASX:SDF), QBE Insurance (ASX:QBE), and Allianz Australia Insurance, according to a Wednesday judgement.Dynamic Insurance has alleged that Steadfast, QBE, and Allianz misused their market power and engaged in anti-competitive practices."As a non-lawyer, it is inevitable that Ms Yap will encounter difficulties pleading and articulating sustainable causes of action that, irrespective of the underlying merits of the claims, is likely to lead to delay, increased cost and inefficiency in the conduct of the proceeding," the court said.It also pointed to "a significant risk" that Yap will not be able to maintain objectivity to conduct the proceedings on behalf of Dynamic Insurance.QBE Insurance shares fell 3% in recent Wednesday trade, while Steadfast was marginally lower.

ASX:QBEASX:SDF

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