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Market Chatter: Indonesia Bourse Plans Exclusion of Tightly-Held Firms from Three Indexes

The Indonesian bourse is looking into removing various companies with a high shareholding concentration from the IDX30, IDX80, and LQ45 indexes, Bloomberg News reported Wednesday.The change, which will be implemented during the April index review, will take effect on the first trading day of May, the report stated citing a statement by the Indonesia Stock Exchange.This move, among other reforms recently introduced by Indonesia, will reportedly help mitigate the risk of a downgrade from emerging market status, the news outlet quoted Gary Tan, portfolio manager at Allspring Global Investments, as saying.(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.)

^JKSE

Asia55d ago

S&P Sees Growth Among Japan's Real Estate Majors to Continue

Japan's major real estate companies will continue to grow amid a further increase in office rents, especially in major cities, S&P Global Ratings said in a recent release.A robust domestic market and competitive portfolios will support steady growth for the real estate majors over the next few years, S&P said.The majors will have slightly better interest coverage compared to peers abroad, given their diversified debt maturity profiles and solid funding bases, the rating agency said.However, new supply in central Tokyo, a core market, will continue to be relatively narrow within the next few years, S&P said.The majors' ability to further raise rents to balance increasing interest costs will be crucial for their creditworthiness, the rating agency said.

Nikkei 225

Insider Trading55d ago

Astera Labs Insider Sold Shares Worth $57,852,785, According to a Recent SEC Filing

Jitendra Mohan, Director, Chief Executive Officer, on April 17, 2026, sold 335,881 shares in Astera Labs (ALAB) for $57,852,785. Following the Form 4 filing with the SEC, Mohan has control over a total of 8,521,874 common shares of the company, with 1,452,739 shares held directly and 7,069,135 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1736297/000199805326000012/xslF345X05/wk-form4_1776813798.xml

$ALAB

Asia55d ago

Changchun High-Tech Industry's Attributable Profit Slides 94% in 2025

Changchun High-Tech Industry's (SHE:000661) attributable profit fell 94% to 155 million yuan in 2025 from 2.58 billion yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the drug manufacturer decreased 94% to 0.39 yuan from 6.42 yuan in the previous year.Operating income declined 10% year over year to 12.1 billion yuan from 13.5 billion yuan.

SHE:000661

Asia55d ago

South Korea's Kospi Closes at Fresh High, Crosses 6,400 Points as Investors Eye Q1 Earnings

South Korean shares closed higher on Wednesday, with the country's primary index Kospi closing at a fresh high of over 6,400 points. Investors eyed the upcoming first-quarter corporate earnings despite the uncertainty over US-Iran talks.The Korea Composite Stock Price Index or Kospi rose 29.46 points, or 0.5%, to end at 6,417.93. The Kosdaq also increased by 2.09 points, or 0.2%, to close at 1,181.12.Shares had opened nearly flat in the day after US President Donald Trump announced an indefinite extension to the ceasefire until Iran came up with a unified proposal on a possible agreement.The White House said JD Vance has not yet left for Pakistan and remains in Washington for further policy meetings, Reuters reported. Meanwhile, Iran said it would engage in talks only after the US ends its naval blockade.Iran's envoy Amir Saeid Iravani, in an interview with Rudlaw News Network at the UN HQ, said talks with the US depend on Washington ending alleged ceasefire violations, including a naval blockade.Iravani added that negotiations could resume in Istanbul once the blockade is lifted, stressing Iran is open to dialogue but also prepared for escalation if necessary.In economic news, producer prices in South Korea increased 4.1% in March from a year earlier, the fastest increase since February 2023, according to preliminary data from the Bank of Korea on Wednesday.The year-on-year gains were driven by higher costs across all categories except electric power, gas, water and waste, which declined 1.1% in the month.Producer prices across agricultural, forestry & marine products, manufacturing, and services increased 0.5%, 5.9%, and 3.1%, respectively.In corporate news, HD Korea Shipbuilding & Offshore Engineering (KRX:009540) secured an order for an ice-breaking vessel from the Swedish Maritime Administration.The deal is valued at 514.8 billion won. The shipbuilder will deliver the vessel by Aug. 28, 2029, according to a Wednesday filing with the Korean Exchange.Shares of HD Korea Shipbuilding jumped more than 8% at market close.

^KOSDAQKOSPI

Asia55d ago

Shenzhen Zhongjin Lingnan Nonfemet's Attributable Profit Slides 26% in 2025

Shenzhen Zhongjin Lingnan Nonfemet's (SHE:000060) attributable profit fell 26% to 801.8 million yuan in 2025 from 1.08 billion yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the non-ferrous metals miner decreased 26% to 0.20 yuan from 0.27 yuan in the previous year.Operating income grew 7.2% year over year to 60.5 billion yuan from 56.4 billion yuan.

SHE:000060

Asia55d ago

Hangcha's Attributable Profit Jumps 8.9% in 2025

Hangcha's (SHA:603298) attributable profit rose 8.9% to 2.19 billion yuan in 2025 from 2.01 billion yuan, after adjustments, in 2024, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the heavy equipment maker increased to 1.67 yuan from 1.54 yuan in the previous year.Operating income grew 5.9% year over year to 17.7 billion yuan from 16.7 billion yuan.

SHA:603298

Insider Trading55d ago

Aehr Test Systems Insider Sold Shares Worth $5,660,000, According to a Recent SEC Filing

Geoffrey Gates Scott, Director, on April 21, 2026, sold 60,000 shares in Aehr Test Systems (AEHR) for $5,660,000. Following the Form 4 filing with the SEC, Scott has control over a total of 102,864 common shares of the company, with 52,864 shares held directly and 50,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1040470/000104047026000140/xslF345X05/primary_01.xml

$AEHR

Asia55d ago

China Stocks Rise as Investors Await US-Iran Truce; China Unicom Slides 3%

Chinese stocks continued their upward trend on Wednesday as investors showed cautious optimism following the extension of a truce between the U.S. and Iran.The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.5% or by 21.18 points to 4,106.26. The Shenzhen Component Index rose 1.3% or by 195.15 points to 15,177.29.The rise comes as U.S. President Donald Trump said he would indefinitely extend a truce with Iran to accommodate more peace negotiations, Reuters reported separately Wednesday.Investors seemed to have heaved a sigh of relief even if it was not yet clear whether Iran or Israel would adhere to the extension, Reuters said.The market has also become increasingly numb to the effects of geopolitical tensions, with Middle East geopolitical risks gradually easing, according to the newswire, citing Nanhua Futures analysts.In corporate news, China United Network Communications' (SHA:600050) shares dropped 3% during the closing bell following an 18% fall in first-quarter profit to 2.14 billion yuan.China Petroleum & Chemical (SHA:600028) or Sinopec's Shanghai shares slipped 1% after one of its units trimmed its stake in battery giant Contemporary Amperex Technology (SHE:300750, HKG:3750) by 8.5 million shares, equivalent to HK$6 billion, multiple media reports said. CATL's Shenzhen shares fell nearly 1%.

Shanghai Composite^SZSESHA:600028SHA:600050SHE:300750

Insider Trading55d ago

Sionna Therapeutics Insider Sold Shares Worth $2,472,343, According to a Recent SEC Filing

Peter A. Thompson, Director, on April 17, 2026, sold 55,345 shares in Sionna Therapeutics (SION) for $2,472,343. Following the Form 4 filing with the SEC, Thompson has control over a total of 2,964,774 common shares of the company, with 2,964,774 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2036042/000094787126000459/xslF345X05/ownership.xml

$SION

Asia55d ago

Jiangsu Xukuang Energy's Attributable Profit Edges Down 3% in Q1

Jiangsu Xukuang Energy's (SHA:600925) attributable profit fell 3% to 195.5 million yuan in the first quarter from 201.7 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the coal miner and processor decreased to 0.0284 yuan from 0.0293 yuan in the prior-year period.Operating income grew 12% year over year to 3.52 billion yuan from 3.15 billion yuan.

SHA:600925

Asia55d ago

Allcargo Logistics Appoints Chief of Sales - Express

Allcargo Logistics (NSE:ALLCARGO, BOM:532749) has appointed Samir Ahuja as chief of sales - express, according to a filing to the Indian stock exchanges.Ahuja has over 29 years of experience, including his association with Blue Dart Express (NSE:BLUEDART, BOM:526612) and Vodafone Idea (NSE:IDEA, BOM:532822).The company's shares were down nearly 1% in recent trade.

BOM:526612BOM:532749BOM:532822NSE:ALLCARGONSE:BLUEDARTNSE:IDEA

Equities55d ago

Dana Gas Resumes Trading on Abu Dhabi Bourse

Dana Gas (ADX:DANA) recommenced trading on the Abu Dhabi bourse on Wednesday, according to a same-day notice.The trading suspension started Tuesday and was lifted after the natural gas company disclosed its meeting results.

ADX:DANA

Commodities55d ago

Asia Biofuels Update: Malaysian Palm Oil Rises Further on Higher Soybean Oil, Bullish Fundamentals

Malaysian palm oil futures extended gains for a third straight session on Wednesday, driven by an overnight rally in soybean oil prices, an advancing B50 biodiesel program in Indonesia and potential output cuts due to the El Nino weather phenomenon.The Bursa Malaysia Derivatives' May crude palm oil contract gained 0.87% to 4,530 Malaysian ringgit ($1,145.82) per metric ton. The June contract was up 0.95% to 4,578 ringgit/mt.The effect of higher crude oil prices in the previous session trickled down to edible oils, boosting soybean oil and palm oil, which are both used as biofuel feedstock.In Indonesia, use of palm-oil based biodiesel will be expanded by implementing a higher blending ratio of 50%, versus the current 40%, beginning July 1.Preliminary results of B50 testing showed that the fuel was meeting the required specifications, local news agency Antara reported, citing Energy and Mineral Resources Ministry Director General Eniya Listiani Dewi.Road tests and engine inspections for the transportation sector are expected to be completed by June.Indonesia's imports of conventional diesel will reportedly discontinue with the B50 implementation, reducing fossil fuel consumption by about 4 million kiloliters per year. The current B40 program has curbed diesel purchases by 3.3 million kiloliters, according to Dewi.Higher biofuel demand in Indonesia will reduce exportable supplies of palm oil, potentially boosting Malaysia's export market.Cargo surveyors reportedly estimated a 25.6% to 25.8% month-over-month drop in Malaysian shipments for the first 20 days of April.In the first half of April, exports fell from a month earlier by 324,724 metric tons to 580,018 mt, primarily due to a 114,650 mt decline in shipments to the Middle East, according to an analysis by price reporting agency Fastmarkets.The ongoing geopolitical tension has weighed on Malaysia's export market, particularly with a weakening demand from Iran, The Edge Malaysia reported, citing Malaysia External Trade Development Corp. chairman Reezal Merican Naina Merican.Merican reportedly said that shipments of palm oil and palm-based products to Iran slumped 86.1% year over year to 90 million ringgit in Q1.Iran did not import any palm oil from Malaysia in the first half of April, according to Fastmarkets.Going forward, palm oil price movements will be driven by developments in the energy market and supply fundamentals, according to BMI Research, as cited by Business Today.While production may rise following a seasonal low, El Nino conditions emerging between May and October pose a key upside risk.BMI reportedly projects palm oil prices to ease to around 4,200 ringgit/mt in Q2, assuming de-escalation in the Middle East conflict, and it expects prices to average at 4,300 ringgit/mt for the year.

International55d ago

Moody's Changes Thailand's Outlook to Stable from Negative

Moody's changed the outlook on the government of Thailand to stable from negative, according to a Tuesday release by rating agency.The ratings firm also affirmed the foreign and local currency issuer and local currency senior unsecured ratings at Baa1, and Thailand's foreign currency commercial paper rating at P-2.The move comes amid the easing of downside risks from a tariff shock after the US reduced levies on Thai exports to levels which are largely in line with regional peers.Risks related to higher oil prices due to the Middle East conflict are expected to weigh on growth but will be comparable to peers.

^SET

Commodities55d ago

US Active Rig Count Slips by 1 Week Over Week, US-Focused Service Firms Perform Strongly in Q1: RBC

Baker Hughes (BKR) US active land rig count fell by one week over week to 529, RBC Capital Markets said on Monday, while the US oil land rig count was flat at 397.The gas land rig count decreased by two in the week to 125, while miscellaneous rigs increased by one. The US oil land rig count fell by four month over month, while the gas land rig count fell by six over the same period.The Permian Basin's active rig count was flat over the week at 242. That region alone has 61% of the Lower 48 rigs and 46% of total land rigs in the US.US December production, based on EIA data, was 13.2 million barrels a day, rising 1% year over year, mainly driven by rising offshore production, which climbed 12% year over year.At the same time, land production decreased by an average 111,000 barrels per day as increases in New Mexico were partially offset by reductions elsewhere.Natural gas withdrawals in the US were 132 billion cubic feet per day, up 4% and supported by gains in Louisiana and New Mexico, RBC said.The three most active drillers in the Permian Basin are Helmerich & Payne (HP), with 88 rigs and 35% of the total, Patterson-UTI Energy (PTEN) with 31 rigs and Nabors Industries (NBR) with 27 rigs.The most active Permian operators are Exxon Mobil (XOM) with 34 rigs, Occidental (OXY) with 20 and ConocoPhillips (COP) with 16.In Haynesville, the rig count fell by 1 to 55 and the three most active drillers were Helmerich & Payne with 10 rigs, Independence Contract Drilling (ICD) with 9 and Precision Drilling (PD) with 8.WTI crude stocks fell by 5% week on week, RBC said.NOV (NOV) lowered its first quarter guidance due to financial impacts from disruption in the Middle East during March. Its updated EBITDA guidance is for $177 million,RBC has downgraded NOV to sector perform it said, noting less compelling risk/reward opportunity in its shares.Stocks in RBC's coverage universe within oil and gas services have risen by 36% this year with US-focused firms outperforming those with exposure in the Middle East.

$BKR$COP$HP$NOV$OXY$PTEN$XOM

Asia55d ago

United Drilling Tools Bags INR32 Million Order from Vedanta

United Drilling Tools (NSE:UNIDT, BOM:522014) has secured an order worth 31.7 million Indian rupees from Vedanta (NSE:VEDL, BOM:500295), according to a Wednesday filing to the Indian stock exchanges.The contract is for the supply of tubing, pup joints, and crossovers, including accessories, within four months.The company's shares were down nearly 1% in recent trade.

BOM:500295BOM:522014NSE:UNIDTNSE:VEDL

Equities55d ago

EnQuest Prices $675 Million Notes Due 2031

EnQuest (ENQ.L) priced its offering of $675 million worth of 9.875% senior notes due 2031 at an issue price of 99.038%, according to a Wednesday filing.The British energy transition company will use the proceeds to redeem $465 million of its senior notes due 2027, while strengthening liquidity and supporting general corporate purposes.A portion of the proceeds will also be allocated to fees and costs related to the offering.

$ENQ.L

Asia55d ago

APL Apollo Tubes Allots Commercial Papers Worth INR1 Billion

APL Apollo Tubes (NSE:APLAPOLLO, BOM:533758) has allotted commercial papers worth 1 billion Indian rupees to Kotak Mahindra Bank (NSE:KOTAKBANK, BOM:500247), according to a Wednesday filing to the Indian stock exchanges.The commercial papers have been allotted at the rate of 6.15% per annum. They have a tenure of 64 Days and are scheduled to mature on June 25.The company's shares were up nearly 1% in recent trade.

BOM:500247BOM:533758NSE:APLAPOLLONSE:KOTAKBANK

Oil & Energy55d ago

EMEA Oil Update: Brent Ease as Trump Extends Ceasefire

Crude futures eased on Wednesday as the US extended its ceasefire with Iran, temporarily stalling a direct military escalation.The Brent futures contract slipped 0.8% to $97.74 per barrel. Murban closed at $96.29 on April 21 and was not trading as of the time of publishing this oil price update.US President Donald Trump said Tuesday that he extended the ceasefire with Iran while maintaining a blockade, as negotiations remain uncertain.Trump said in a Truth Social post, "... upon the request of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal."Trump said the US blockade would be maintained, signaling continued pressure, and also indicated that talks remain conditional on Iran presenting a clear negotiating position.While President Trump delayed military action against Iran at Pakistan's request, the continued closure of the Strait of Hormuz is suppressing global demand."The conflict is curbing supply, with demand destruction near 4 million barrels per day and possibly rising to 5 million mainly impacting Asia," Saxo Bank analysts said.On the supply side, data from the American Petroleum Institute revealed Tuesday that US crude oil inventories declined by 4.40 million barrels in the week ended April 17.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.

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Commodities55d ago