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Japan Earnings Wrap: Keyence Jumps, Screen Slides

Japanese stocks reporting earnings traded mixed on Wednesday, with gains led by factory automation equipment makers while semiconductor companies declined.Keyence (TYO:6861) shares jumped 11% after the factory automation equipment maker posted a 51% year-over-year increase in attributable net income to 139.1 billion yen in the fiscal first quarter. Earnings per share rose to 573.69 yen while net sales surged 33% to 346.6 billion yen.The company plans to pay interim and year-end dividends of 275 yen per share each for the year, unchanged from the year-ago period.Screen (TYO:7735) declined by 16% after posting a 37% year-over-year decline in attributable profit for the fiscal first quarter to 10.5 billion yen. The semiconductor company's earnings per share fell to 55.47 yen, while net sales slid 10% to 121.8 billion yen.For the fiscal year ending March 31, 2027, Screen expects an attributable profit of 115 billion yen, basic EPS of 608.06 yen and net sales of 743 billion yen.Screen maintained its interim dividend forecast of 60 yen but raised its final dividend to 123 yen per share from 115 yen earlier.

Nikkei 225

Asia13d ago

St George Mining Identifies High-Grade Rare Earth, Niobium Mineralization in Brazil Project, Shares Down 4%

St George Mining (ASX:SGQ) identified high-grade mineralization from the surface at its Araxá project in Brazil with the release of assay results from diamond drilling, according to a Wednesday Australian bourse filing.The results were of up to 135.1 meters at 4.86% total rare earth oxide from surface and 150.2 meters at 0.72% niobium pentoxide from surface, with the assays to feed into an updated mineral resource estimate for Araxá due for completion this quarter.The company's shares fell 4% in recent Wednesday trade.

ASX:SGQ

Asia13d ago

EGP Energy Corporation Opens 8% Higher on Singapore Mainboard Debut

EGP Energy (SGX:EGX) shares opened nearly 8% higher on their Singapore debut Wednesday morning.The shares were up nearly 22% in recent trade.The company's admission to the Singapore stock exchange follows its IPO, which raised total gross proceeds of approximately SG$30.6 million.The IPO was oversubscribed by 17.6% and closed on Monday.

SGX:EGX

Asia13d ago

MAS Chief Flags Sustainability of AI Investment as Key Risk to Financial Stability

The Monetary Authority of Singapore has flagged the sustainability of the global AI investment boom as a major uncertainty for financial stability, according to remarks by managing director, Chia Der Jiun on Tuesday.Speaking at the central bank's annual report media conference, Chia highlighted AI-driven electronics exports accounted for more than 70% of Asia's export growth year-to-date, up from 46% in 2024.While near-term investments are backed by committed orders and strong hyperscaler cash flows, there is still greater uncertainty over the medium term, with hyperscalers and model builders requiring large equity and debt financing in the coming years.Moreover, markets will need to look at commercial revenue growth to justify financing risks.Escalating energy, chip costs, raw material supply bottlenecks, regulatory uncertainty and intense competition among model providers were cited as clear risks to AI investment monetization.

^STI

Asia13d ago

Huatai Securities' Unit Issues Two Medium-Term Bonds Worth $100 Million

Huatai Securities' (SHA:601688, HKG:6886) unit, Huatai International Finance, issued two medium-term bonds with a total of $100 million, according to a Wednesday filing on the Shanghai bourse.The issuance was part of an $3 billion offshore medium-term bond program that was launched in 2020.Huatai International Finance will receive a guarantee amount equivalent to approximately 681 million yuan for the issuance.

HKG:6886SHA:601688

Asia13d ago

ASX Midday Sector Update: Healthcare Stocks Lead Broad-Based Rally

Healthcare stocks jumped nearly 4%, leading a broad-based rally at midday Wednesday.CSL (ASX:CSL) gained almost 7% in recent trade following news that it will conduct clinical trial work to confirm the efficacy and safety of immunoglobulin manufactured using its Horizon 2 process.Meanwhile, the financial sector edged up nearly 1%.Commonwealth Bank (ASX:CBA) shares inched up in recent trade.

ASX 200ASX:CBAASX:CSL

Asia13d ago

Update: TSMC Confirms Personnel Safety, Gradual Restart at Kumamoto Fab After Earthquake

(Updates to reflect TSMC's statement to)Taiwan Semiconductor Manufacturing Co. or TSMC (TPE:2330) has confirmed that all personnel are safe and that operations are gradually resuming at its JASM facility in Kumamoto, Japan, following the magnitude-7 earthquake that struck Tuesday.In a statement to, the contract chipmaker noted that the fab recorded a maximum seismic intensity of level 5, triggering immediate evacuations in line with safety protocols.Detailed inspections and impact assessments remain ongoing, while the construction site was unaffected, although parts of building work are suspended as a safety precaution, the company said.TSMC's shares fell nearly 3% in recent trade in Taipei.

TPE:2330

Asia13d ago

Suntec REIT Extends Loan Facility with HSBC Singapore

Suntec REIT (SGX:T82U) agreed to amend and restate an agreement with HSBC Singapore branch for a SG$100 million facility agreement, according to a Tuesday filing with the Singapore Exchange.The amendment extends the maturity date of the facility and will be used to refinance existing indebtedness, general corporate purposes, asset acquisitions, asset enhancements and working capital.

SGX:T82U

Asia13d ago

Austral Resources Australia Says Agglomeration Drum Arrives On Site at Queensland Copper Processing Facility; Shares Up 3%

Austral Resources Australia Ltd (ASX:AR1) said a replacement agglomeration drum arrived onsite at its Mt Kelly Copper Processing Facility in Queensland and will be installed over the coming days, according to a Wednesday Australian bourse filing.The acquisition of the new drum was approved by the Austral board in late 2025.The existing agglomeration drum has processed more than 22 million tonnes of ore and contributed to the production of over 155,000 tonnes of LME grade A copper cathode, the company said.The company's shares rose past 3% in recent trading on Wednesday.

ASX:AR1

Asia13d ago

Keppel REIT to Divest Tokyo Office Building For 11.5 Billion Yen

Keppel REIT (SGX:K71U) agreed to divest its 98.5% stake in KR Ginza II, a freehold boutique office building in Tokyo, according to a Wednesday filing with the Singapore Exchange.The REIT's subsidiary, Keppel Japan KK, which holds the remaining 1.53% stake, will also divest its stake, taking the total sale price to 11.52 billion yen.The 8-story building, which has a total lettable area of 3,594 square meters, will be sold at a 28.4% premium.Net proceeds from the disposal will be used for debt repayment, with completion expected during the third quarter of the year.

SGX:K71U

Asia13d ago

Innogen Pharma Doses First Patient in Phase 1b Trial of Obesity Drug

Guangzhou Innogen Pharmaceutical (HKG:2591) has enrolled and dosed the first patient in the Phase 1b clinical trial of Efsubaglutide Alfa for the treatment of adolescent obesity, according to a Tuesday Hong Kong bourse filing.The company said that no safety concerns or adverse reactions were observed during the post-dosing observation period.Shares of the pharma company were up more than 2% in Wednesday morning trade.

HKG:2591

Asia13d ago

Izumi Temporarily Closes All Kumamoto Stores After Earthquake; Shares Rise 3%

Japanese retailer Izumi (TYO:8273) temporarily closed all 35 stores in Kumamoto Prefecture, including Youme Town, Youme Mart, and SUNNY establishments, after some suffered damage to exterior and interior facilities following the earthquake on Tuesday, according to a Wednesday filing with the Tokyo Exchange.The company said that more than a dozen employees were injured, although none suffered life-threatening injuries.Shares of Izumi rose nearly 3% in recent trade.

TYO:8273

Asia13d ago

Kasumigaseki Capital Reports No Damage From Japan Quake

Kasumigaseki Capital (TYO:3498) said no damage had been confirmed at any facilities owned or managed by the group as of the morning of July 29 following the recent earthquake and subsequent aftershocks.A strong earthquake struck Japan's southern Kumamoto Prefecture on Kyushu island on July 28, causing widespread structural damage, fires and casualties.

TYO:3498

Asia13d ago

CCReB Advisors Says No Casualties, Material Damage at Kumamoto Projects Following Earthquake

CCReB Advisors (TYO:276A) said no casualties or material damage at its Kumamoto logistics and HAZMAT warehouse projects after the July 28 magnitude-7 earthquake in the region.The real estate consulting firm said it will continue monitoring the situation with relevant parties and will promptly disclose any future developments, according to a Tokyo bourse filing on Wednesday.

TYO:276A

Asia13d ago

CITIC Securities Affiliate Issues $11.5 Million in Medium-Term Debts

CITIC Securities' (SHA:600030, HKG:6030) indirect subsidiary CSI MTN issued $11.5 million in debt securities under its medium-term note program, according to a Wednesday filing to the Shanghai Stock Exchange.CSI MTN parent CITIC Securities International, a subsidiary of the listed company, is the guarantor for the issuance.

HKG:6030SHA:600030

Asia13d ago

New US Restrictions Target Chinese Robotics, Inverter Imports

The U.S. Federal Communications Commission on Tuesday updated its "Covered List" to include imports of new robots and power inverters, according to a same-day government document.The latest restrictions target Chinese cybersecurity risks while pressuring firms to bring artificial intelligence manufacturing to the U.S, Reuters reported."These devices could create supply chain vulnerabilities that could disrupt U.S. economic and national security and could create a cybersecurity risk that threatened American critical infrastructure," the FCC said.

Shanghai Composite^SZSE

Asia13d ago

Giantec Semiconductor Submits Application Proof for Hong Kong IPO

Giantec Semiconductor (SHA:688123) submitted its secondary share offering application proof to the Hong Kong Exchange on Tuesday, according to a Wednesday disclosure to the Shanghai bourse.The semiconductor firm plans to use the proceeds from the proposed offering to advance its core memory chip and mixed-signal technologies, expand its supply chain infrastructure, strengthen international teams, enhance marketing, fund strategic acquisitions, and supplement general working capital.Shares fell 7% during morning trading on Wednesday in Shanghai.

SHA:688123

Asia13d ago

Shinhan Financial Group Says No Decision Yet on Potential Lotte Insurance Acquisition

Shinhan Financial Group (KRX:055550) said Wednesday that it has not made any decision on the possible acquisition of Lotte Insurance, issuing clarification to a Korea Economic Daily report that it was pursuing an acquisition deal.The company said it is reviewing several measures to boost the competitiveness of its non-bank business, but no acquisition decision has been finalised yet. The financial holding company said that it will provide an update once details are determined or within three months, according to a Wednesday filing with the Korean Exchange.Shares of Shinhan Financial Group added over 2% in recent trade.

KRX:055550

Asia13d ago

SoftBank Group Raises 90 Billion Yen in Two-Tranche Bond Offering

SoftBank Group (TYO:9984) issued 90 billion yen in two tranches of unsecured bonds, with the proceeds to be used to redeem domestic bonds maturing on Sept. 11.The offering comprises 80 billion yen of three-year bonds with a 3.270% coupon and 10 billion yen of five-year bonds with a 3.886% coupon, according to a Wednesday filing with the Tokyo Stock Exchange.The three-year bonds mature on Aug. 3, 2029, while the five-year bonds mature on Aug. 4, 2031.

TYO:9984

US Markets13d ago

Australia's Headline Inflation Eases in June, Supporting Case for Interest Rate Hold

Australia's annual pace of inflation eased more than expected in June, potentially cooling near-term expectations for an interest rate hike, even as rising housing costs continued to weigh on the reading.The country's consumer price index rose 3.8% in the 12 months to June, down from a 4% rate logged in May, data from the Australian Bureau of Statistics showed on Wednesday.The closely watched annual trimmed mean inflation, which removes outliers on the low and high end of price movements, was unchanged from the previous month at 3.6% in June.Westpac expected a June CPI of 4.2% and a trimmed mean inflation reading of 3.7%. BofA Securities, which forecast headline CPI at 3.9%, recently said any downside surprises to its estimate should support the case for Australia's central bank to keep borrowing costs unchanged at an upcoming policy meeting in August.Housing was the largest contributor to annual inflation in June with a rise of 6.8%, reflecting elevated electricity costs that are over 22% higher than they were a year earlier following the end of government rebate programs."Annual inflation for new dwellings has reached its highest level in almost three years, at 5.8%," said Rachael McCririck, head of price statistics at the ABS. "This was driven by builders passing on higher material and labor costs."The data also showed a moderation in annual inflation for transport to an increase of just 0.1% in June from a 3.3% rise in May as automotive fuel prices declined for three straight months.

ASX 200

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