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ChangXin Memory Technologies (SHA:688825) Surges 472% in Shanghai Debut

ChangXin Memory Technologies (SHA:688825) opened at 49.50 yuan per share on its first day of trading on the Shanghai Stock Exchange.This marked a jump of 472% from the chipmaker's initial public offering price of 8.66 yuan per share.

SHA:688825

Asia6d ago

NZX Midday Sector Update: Non-Energy Minerals Soar, Electronic Technology Decline

Non-energy mineral stocks gained the most on New Zealand's Exchange, rising past 1% at midday Monday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining almost 2% in recent trade.The company on Monday said it brought forward the date of the submission of final consent conditions to Aug. 28 in relation to its Fast Track Application for the Bendigo-Ophir gold project in New Zealand.Meanwhile, the electronic technology sector fell past 1%.ikeGPS Group (NZE:IKE, ASX:IKE) shares fell more than 1% in recent trade.

^NZ50ASX:IKEASX:SMINZE:IKENZE:SMI

Asia6d ago

China Fines Trip.com 5.2 Billion Yuan for Abusing Market Dominance

China's State Administration for Market Regulation fined Trip.com (HKG:9961) 5.18 billion yuan for abusing its dominant position in China's online hotel booking market, according to a Saturday statement.It confiscated 1.66 billion yuan in illegal gains and imposed a 3.52 billion yuan fine, bringing the total penalty to 5.18 billion yuan.Authorities said Trip.com required some hotel operators to enter exclusive partnerships while forcing others to offer the lowest prices across platforms, restricting cross-platform operations and limiting hotels' pricing autonomy.The regulator also ordered Trip.com to end the illegal practices and refund 122 million yuan in order reserve funds deducted from hotel operators.In a Hong Kong bourse filing on Monday, Trip.com said it "sincerely accepts" the decision and will implement rectification measures in accordance with applicable laws and regulations.

HKG:9961

Asia6d ago

Samsung Electronics Signs $200 Billion MOU With Broadcom to Expand AI Chip Partnership

Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.The five-year partnership was announced during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms SK hynix (KRX:000660) and Naver (KRX:035420) also announced partnerships with US firms.Shares of Samsung fell over 1% in recent trade.

KRX:000660KRX:005930KRX:035420

Asia6d ago

Acesian Partners Expects to Swing to Profit in H1; Shares Jump 9%

Acesian Partners (SGX:5FW) expects to return to profitability in the first half of 2026 ended June 30, on the back of a "significant increase" in revenue, according to a Friday filing to the Singapore stock exchange.The company's shares were up over 9% in early trade on Monday.The steel duct manufacturer has forecast a return to profitability with a small profit before tax for H1, compared to a net loss for the same period a year ago.The rise in revenue is attributable to the increased order intake, due to higher demand. Meanwhile, the expected profit before tax is driven by the increase in revenue, a higher gross profit margin, increased other operating income, and lower administrative and other operating expenses, the company said.The company's financial results will be released by Aug. 14.

SGX:5FW

Asia6d ago

HKEX Adopts Listing Rule Reforms to Boost Market Competitiveness

Hong Kong Exchanges and Clearing (HKG:0388, HKG:80388), or HKEX, has adopted new listing rule reforms aimed at enhancing the competitiveness of the city's capital markets, following strong support from a market consultation, according to a Friday press release.The exchange received 73 submissions on the proposals and said the new rules, which took effect immediately, were adopted with minor modifications and clarifications.The reforms lower financial eligibility thresholds for companies seeking weighted voting rights structures and ease secondary listing requirements for overseas-listed issuers.They also expand confidential filing to all new listing applicants and allow broader use of U.S. GAAP by eligible issuers.

Hang SengHKG:0388

Asia6d ago

Coles Group Shares Flat Amid ACCC Phase One Review of Proposed Western Australia Store Lease

Coles Group's (ASX:COL) shares were flat on Monday after the Australian Competition and Consumer Commission (ACCC) said it started a phase one initial review of a proposed lease between Coles and the trustee for Saracen Property Holdings for a supermarket within a new neighbourhood center at Clementine Village in Western Australia, the regulator said in a Friday statement.The proposed Coles supermarket is anticipated to open in July 2029, with the ACCC's determination period ending September 4, the statement added.

ASX:COL

Asia6d ago

Market Chatter: Uniqlo Targets More Than 100 Indian Stores by 2031

Fast Retailing's (TYO:9983) Uniqlo plans to expand its India footprint fivefold to over 100 outlets within five years, focusing on major cities like New Delhi, Nikkei Asia reported on Friday, citing sources familiar with the matter.Currently operating 20 stores since entering India in 2019, the brand will balance imports with local manufacturing to comply with sourcing rules, the publication said.Chairman and CEO Tadashi Yanai sees India's 1.4 billion population as offering immense potential for future cash flow, the report added.(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.)

TYO:9983

Asia6d ago

XPeng to Recall Over 33,000 X9 Vehicles Over Front Air Spring Defect

XPeng (HKG:9868) will recall 33,473 X9 vehicles in China from Aug. 28 due to a defect in the front air springs that could affect vehicle handling and increase the risk of a crash, according to a State Administration for Market Regulation statement on Friday.The recall covers X9 vehicles manufactured between Aug. 8, 2023 and Aug. 11, 2025.The regulator said manufacturing process fluctuations could reduce the airtightness of the front air springs, causing them to gradually leak after prolonged use in hot and humid conditions.XPeng will replace the front air spring strut assembly with an improved version free of charge. Vehicles that have already received the upgraded parts will not require further repairs.

HKG:9868

Asia6d ago

Update: Myer Holdings Posts Higher Fiscal Year 2026 Sales, Gross Operating Profit; Shares Near Six-Year Low

(Updates to add stock movement in the headline and last paragraph)Myer Holdings (ASX:MYR) reported total sales for fiscal year 2026 of AU$4.1 billion and operating gross profit between AU$1.6 billion and AU$1.61 billion, according to a Monday Australian bourse filing.The company reported total sales of AU$3.67 billion and operating gross profit of AU$1.41 billion for fiscal year 2025, an earlier filing showed.The company's shares fell around 8% in recent trading on Monday and earlier reached their lowest since October 2020.

ASX:MYR

Asia6d ago

Anker Innovations Nets HK$338 Million From Partial Exercise of IPO Over-Allotment Option

Anker Innovations (HKG:0668, SHE:300866) said the over-allotment option of its Hong Kong initial public offering was partially exercised on Sunday, according to a same-day Hong Kong bourse filing.The consumer electronics company expects to raise about HK$337.9 million in additional net proceeds.The exercise involved the issue of 3.44 million additional H-shares at HK$99.32 each, representing about 7.4% of the total offer shares available under the global offering.Dealings in the over-allotment shares are expected to begin on July 29, the filing said.

HKG:0668SHE:300866

International6d ago

China Adds 14 EU Entities to Export Control List

China added 14 European Union entities to its export control list, banning the export of dual-use items to the organizations with immediate effect, according to a Ministry of Commerce release issued Friday.The targeted entities include Germany's Rheinmetall AG, Italy's Lafert SpA, France's III-V Lab, Poland's Vigo Photonics SA, and the Netherlands' IHC Merwede.Under the measures, exporters are prohibited from supplying dual-use items to the listed entities, while foreign organizations and individuals are barred from transferring or providing China-origin dual-use items to them.Existing related activities must cease immediately, the statement added.The Ministry of Commerce said exporters requiring exemptions under special circumstances must apply for approval.

Shanghai Composite^SZSE

Asia6d ago

Meridian Energy Secures Approval for Morrinsville Solar Farm Development

Meridian Energy (ASX:MEZ, NZE:MEL) has received approval to develop the 110 megawatt Morrinsville Solar Farm in Waikato, with around 230,000 solar panels expected to generate up to 200 gigawatt-hours of renewable electricity annually, enough to power more than 25,000 homes, according to a Monday statement by the company.The 134-hectare project near the Piako substation will strengthen New Zealand's renewable energy supply, create over 100 construction jobs, support future battery storage, and improve local habitats through native planting, the company said.The project could begin construction in 2028, subject to approval from the company's board, and is expected to take around two years to complete.

ASX:MEZNZE:MEL

Asia6d ago

Update: Evolution Mining to Acquire Carnaby Resources in Deal Valuing Carnaby at Around AU$213 Million; Carnaby Shares Surge 60%

(Updates with the stock movement in the headline and last paragraph.)Evolution Mining (ASX:EVN) agreed to acquire Carnaby Resources (ASX:CNB) via a scheme of arrangement under which Carnaby shareholders will receive 0.0682 new Evolution shares for each Carnaby share held, valuing Carnaby at around AU$213 million, according to releases on the Australian bourse on Monday.Following the proposed merger, Carnaby shareholders will own around 0.9% of Evolution, the filing said. The acquisition is expected to be completed by mid-November, subject to regulatory approvals, including Australian Competition and Consumer Commission merger clearance and court approval.Carnaby's board unanimously recommended that Carnaby shareholders vote in favor of the scheme in the absence of a superior proposal and subject to an independent expert concluding that the scheme is in the best interests of Carnaby shareholders, per the filing. Carnaby's directors also committed to vote the around 7.3% of Carnaby shares which they hold or control in favor of the scheme.The existing tolling and offtake agreements between Carnaby and Glencore will be terminated, which is expected to facilitate the integration of the Greater Duchess project into the Ernest Henry operations, Carnaby said in a separate bourse filing. In consideration, Carnaby will issue around 28.6 million shares to Glencore under its existing placement capacity, representing around 9.4% of Carnaby's issued share capital on a post-issue basis.Evolution and Glencore separately agreed that any concentrate produced from ore extracted from Greater Duchess will be sold to Glencore under the existing Ernest Henry offtake arrangements between Evolution and Glencore. The companies also entered into a binding agreement for the toll treatment of third-party ore produced through the Ernest Henry processing facility.Carnaby Resources shares surged 60% in recent Monday trade, while Evolution Mining gained over 3%.

ASX:CNBASX:EVN

Asia6d ago

Hong Kong Stocks Edge Higher as Oil Retreat Boosts Sentiment

Hong Kong stocks opened slightly higher on Monday as easing oil prices supported investor sentiment ahead of a busy week for central banks and corporate earnings.The Hang Seng Index added 30.54 points to 24,993.77, while the Hang Seng China Enterprises Index gained 0.2%, or 13.39 points, to 8,284.45.Asian markets advanced after Brent crude fell more than 5% overnight on signs of easing tensions between the U.S. and Iran.Investors are looking ahead to policy decisions from the Federal Reserve, the Bank of England and the Bank of Japan for fresh clues on the interest rate outlook.They are also awaiting earnings from Microsoft, Meta Platforms, Amazon and Apple for further signals on artificial intelligence spending and corporate growth.

Hang Seng

Asia7d ago

Singapore Shares Slip at Open As Mas Unexpectedly Tightens Policy

Singapore shares opened lower on Monday after the Monetary Authority of Singapore tightened its monetary policy for a second consecutive review.The benchmark Straits Times Index fell 0.21%, or 11.5 points, to 5,576.840 at the open.Defying market expectations for a hold, the central bank slightly raised the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, as it expects external price pressures to keep inflation elevated despite contained domestic cost pressures.

^STI

Asia7d ago

Smartgroup Partners With BYD to Boost Electric Vehicle Access in Australia

Smartgroup (ASX:SIQ) struck a partnership with China's BYD to boost access to electric vehicles (EV) for Australians, according to a July 24 statement.The partnership provides customers access to specific tax savings for EVs through the Australian government's electric car discount as domestic EV adoption continues to gain traction, Smartgroup said.BYD posted year-to-date Australian sales through June of 52,335 vehicles, and the collaboration will give its customers point-of-sale access to salary packaging support in addition to potential tax advantages through novated leases.Smartgroup shares gained over 1% in recent Monday trade.

ASX:SIQ

Asia7d ago

Market Chatter: Honda India Bets on Ethanol-Fueled Two-Wheelers Over EVs

Honda's (TYO:7267) Indian two-wheeler unit is prioritizing ethanol-blended fuels over electric vehicles to cut emissions, citing practicality and customer needs, Bloomberg News reported on Friday, citing President Tsutsumu Otani.Otani said that sustainability must remain accessible and reliable for India's diverse market, rejecting a one-size-fits-all approach, the news wire said.Honda Motorcycle & Scooter India is advancing flex-fuel options like E85 and pure ethanol while staying on the EV sidelines, the publication 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.)

^BSE^NSETYO:7267

Asia7d ago

Samsung Electronics, Broadcom Sign Deal to Expand AI Memory, Foundry Collaboration

Samsung Electronics (KRX:005930) and US-based semiconductors and infrastructure software firm Broadcom signed a memorandum of understanding to expand their collaboration across memory and foundry technologies, the South Korean electronics products maker said in a Saturday release.The collaboration is expected to support next-generation AI infrastructure. The partnership is expected to surpass $200 billion across the memory and foundry businesses over the next five years through 2030, the release said.The partnership will see Samsung Electronics supplying high-bandwidth memory for Broadcom's next-generation AI accelerators and expanding foundry cooperation using the former's 2-nanometre and below process technologies. These would include advanced 2.3D and 2.5D packaging for AI and networking chips, it said.

KRX:005930

Asia7d ago

Insurance Australia Group Partners With OpenAI to Explore AI Voice Agents

Insurance Australia Group (ASX:IAG) partnered with OpenAI to explore agent-based voice technologies powered by OpenAI Presence, aiming to help its Australian insurance employees enhance customer service experiences, according to a Monday statement by the company.The initial focus will be on enhancing claims delivery, particularly during natural disasters, by improving customer support and scaling operational capacity.The technology is expected to be deployed starting in the first half of fiscal 2027, the company said.

ASX:IAG

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Asia6d ago

Update: Evolution Mining to Acquire Carnaby Resources in Deal Valuing Carnaby at Around AU$213 Million; Carnaby Shares Surge 60%

ASX:CNBASX:EVN