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Taiwan Stabilization Fund Stays on Sidelines Amid Geopolitical Tremors

Taiwan's National Financial Stabilization Fund said it will continue monitoring market conditions but sees no need to intervene at the moment, citing strong domestic fundamentals despite global volatility driven by Middle East tensions, the country's Ministry of Finance said Monday.The fund noted that Taiwan's stock market has remained stable following its withdrawal from the market earlier this year, with the benchmark index rising about 16% since Jan. 12. It recorded a net income of NT$8.05 billion and held stocks worth NT$3.56 billion as of March, with unrealized gains of NT$1.27 billion.The stabilization fund ended its 279-day intervention period in January, during which it was deployed to curb volatility linked to external shocks. Authorities said strong exports, resilient domestic demand and solid corporate earnings continue to support Taiwan's financial stability despite ongoing geopolitical risks.

Taiwan Weighted

Equities146d ago

Forgent Completes Equity Raise to Fund Majority Stake Purchase in Peak Hills Project

Forgent (FORG.L) said Tuesday it conditionally raised 1.3 million pounds sterling through a placement of 8,666,666,667 new shares at 0.00015 pound apiece.The energy transition company will use the net proceeds to finance the purchase of a 51% interest in the Peak Hills gold-copper exploration project in Australia, evaluation and due diligence for other assets under negotiation, fund expenses related to gasification business, as well as for general working capital.The placement is subject to approval at the company's upcoming extraordinary general meeting.

$FORG.L

Asia146d ago

South Korean Shares End Near 6,000 Points on Hopes of Renewed US-Iran Talks

South Korean shares closed just shy of 6,000-point mark on Tuesday, as investors appeared optimistic about renewed US-Iran talks following the failed talks in Islamabad.The Korea Composite Stock Price Index or Kospi rose 159.13 points, or 2.7%, to end at 5,967.75. The Kosdaq also increased by 22.04 points, or 2%, to close at 1,121.88.US President Donald Trump on Monday claimed that Iran wants to make a deal, but he will not allow Tehran to possess a nuclear weapon. He said that nuclear-related disagreements had stalled the peace talks, adding that a blockade of ships passing through the Strait of Hormuz by the US Navy had begun on Monday.Meanwhile, Iranian lawmaker Ebrahim Rezaei warned that Tehran will return to war if its conditions are not met. Rezaei said that either Iran's rights, including control over the Strait of Hormuz, are acknowledged, or the country will go back to war with the US.In economic news, South Korea's information and communication technology (ICT) exports surged 112% to $43.51 billion in March from a year earlier, the Ministry of Trade, Industry and Energy said in a Tuesday release.Imports increased 32.2% to $16.15 billion, resulting in a trade surplus of $27.36 billion.In corporate news, LS Eco Energy (KRX:229640) posted first-quarter net income attributable to shareholders of 12.7 billion won, up 13% from 11.3 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the power and communication cables manufacturer were up 30% year over year to 296.4 billion won from 228.3 billion won.Shares of LS Eco Energy rose 2% at market close.

^KOSDAQKOSPIKRX:229640

Asia146d ago

Market Chatter: Taiwan's CPC Diverts Oil Tankers From Hormuz via Bab el-Mandeb Strait

Taiwanese state owned CPC said that four crude oil tankers carrying a combined 8 million barrels are set to begin arriving in Taiwan in early May, after rerouting away from the Strait of Hormuz, Taiwan News reported Monday.CPC Chair Fang Chen-jen said the vessels will instead pass through the Bab el-Mandeb Strait, with shipments departing from the Red Sea starting in April. Deputy Economic Affairs Minister Lai Chien-hsin said the government has secured alternative crude sources from spot markets and non-Middle East suppliers as part of contingency planning, according to the report.Officials added that Taiwan's oil reserves exceed 90 days of demand and natural gas stocks are above 11 days, indicating sufficient near-term energy security, the news outlet reported.(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

Research146d ago

Jefferies Downgrades Indus Towers to Underperform from Buy, Adjusts Price Target to INR375 From INR530

Indus Towers (NSE:INDUSTOWER, BOM:534816) has an average rating of hold and mean price target of 455.92 Indian rupees, 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://finwires.com/en/contact)

BOM:534816NSE:INDUSTOWER

Equities146d ago

Equinor Sells 8.1% Scatec Stake for NOK1.6 Billion

Oil and gas giant Equinor (EQNR.OL) sold an 8.07% stake in renewable energy company Scatec (SCATC.OL) for 1.6 billion Norwegian kroner.The transaction comprised 12.9 million Scatec shares priced at 125 kroner apiece, according to two separate releases published on Tuesday.Following the transaction, Equinor now holds 8.05% shareholding in Scatec.

$EQNR.OL$SCATC.OL

Asia146d ago

Nomura Adjusts LG Chem's Price Target to KRW440,000 from KRW540,000, Keeps at Buy

LG Chem (KRX:051910) has an average rating of overweight and mean price target of 413,800 won, 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://finwires.com/en/contact)

KRX:051910

Asia146d ago

Market Chatter: Price Stability Takes Priority Over Exports, Taiwan Central Bank Says

Taiwan's central bank prioritizes price stability over export competitiveness when managing foreign exchange intervention, Taiwan News reported Monday, citing central bank's Deputy Governor Yen Tzung-ta.While addressing reporters, Yen said the central bank's efforts to stabilize the Taiwan dollar can help cushion imported inflation pressures linked to rising global oil prices amid the Iran conflict. He noted that while international commodity prices have increased due to the geopolitical tensions, imported inflation in Taiwan remains manageable.Lawmakers warned that a weaker Taiwan dollar could raise import costs and asked if limits should be imposed on foreign investors repatriating funds after selling shares. Deputy Governor Yen said such controls would be difficult under Taiwan's open capital system, noting that existing rules already require funds to stay in the market if not immediately withdrawn.He added that the central bank will continue monitoring developments in the Middle East and global financial conditions, reportedly.(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

Oil & Energy146d ago

EMEA Oil Update: Brent Eases as Trump Hints at Renewed Iran Talks

Brent futures slipped below $100 per barrel mark on Tuesday as tentative signs of revived peace talks tempered previous session's rally.The Brent futures contract eased about 0.4% to $98.98 per barrel. Murban closed at $103.33 on April 13 and was not trading as of the time of publishing this oil price update.While the US began blockading Iranian ports on Monday, market gains faded after President Donald Trump hinted at new contact from Tehran, despite warnings of a record global supply disruption."Crude oil gave up some of these gains late in the session after Trump claimed Iran wants to "work a deal" after the collapse of peace negotiations over the weekend," ANZ analysts said."Iran has not confirmed any further discussions. This suggests financial markets continue to look through the conflict to possible barrels being back on the market," they added.While Trump did not provide specifics on the reported diplomatic outreach analysts observed that oil slipped back below the $100 threshold as traders priced in the possibility of a longer-term ceasefire.These reports suggest a potential revival of talks before the current two-week truce expires, with Iranian President Pezeshkian expressing a conditional readiness for dialogue, analysts noted.However, the situation on the water remains volatile. The US naval blockade of Iranian ports officially commenced Monday at 10:00 a.m. ET, an action Iran reportedly condemned as "an act of piracy."Despite the slight cooling in futures, the physical reality of the crisis remains unprecedented.International Energy Agency Executive Director Fatih Birol warned Monday that global oil supply disruptions have reached 13 million barrels per day, describing it as the greatest energy security threat in history.

Insider Trading146d ago

Alignment Healthcare Insider Sold Shares Worth $6,161,943, According to a Recent SEC Filing

John E Kao, Director, Chief Executive Officer, on April 10, 2026, sold 298,000 shares in Alignment Healthcare (ALHC) for $6,161,943. Following the Form 4 filing with the SEC, Kao has control over a total of 3,591,509 common shares of the company, with 1,784,868 shares held directly and 1,806,641 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1832466/000162828026024978/xslF345X05/wk-form4_1776119869.xml

$ALHC

Insider Trading146d ago

Micron Technology Insider Sold Shares Worth $1,433,700, According to a Recent SEC Filing

Michael D Cordano, Executive Vice President, Worldwide Sales, on April 09, 2026, sold 3,407 shares in Micron Technology (MU) for $1,433,700. Following the Form 4 filing with the SEC, Cordano has control over a total of 47,466 common shares of the company, with 47,466 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/723125/000120149026000002/xslF345X05/primarydocument.xml

$MU

Insider Trading146d ago

Photronics Insider Sold Shares Worth $1,826,748, According to a Recent SEC Filing

Eric Rivera, President, Chief Financial Officer, on April 09, 2026, sold 41,517 shares in Photronics (PLAB) for $1,826,748. Following the Form 4 filing with the SEC, Rivera has control over a total of 136,173 common shares of the company, with 136,173 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/810136/000114036126014467/xslF345X05/form4.xml

$PLAB

Insider Trading146d ago

Jabil Insider Sold Shares Worth $2,065,000, According to a Recent SEC Filing

Steven D Borges, Executive Vice President, Global Business Units, on April 09, 2026, sold 7,000 shares in Jabil (JBL) for $2,065,000. Following the Form 4 filing with the SEC, Borges has control over a total of 76,524 common shares of the company, with 76,524 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/898293/000122520826004488/xslF345X05/doc4.xml

$JBL

International146d ago

Spain's Annual Inflation Rate Rises to 3.4% in March, Final Data Shows

Spain's annual inflation accelerated to 3.4% in March, from 2.3% a month ago, according to final data from the National Statistics Institute published Tuesday.The final data is above the flash estimate of 3.3%.On a monthly basis, consumer prices were up 1.2%, against the preliminary reading of a 1% growth and the earlier 0.4% gain.The Spanish annual harmonized inflation rate was 3.4%, higher than the flash estimate of 3.3% and the previous 2.5%. Month over month, harmonized consumer prices grew 1.7%, above the initial 1.5% increase and the 0.4% uptick earlier.Meanwhile, the country's annual core inflation rate rose to 2.9%, compared with the expected and previous 2.7%.

^SXXP

Insider Trading146d ago

Jabil Insider Sold Shares Worth $1,204,000, According to a Recent SEC Filing

Andrew Priestley, Executive Vice President, Chief Operations Officer, on April 10, 2026, sold 4,000 shares in Jabil (JBL) for $1,204,000. Following the Form 4 filing with the SEC, Priestley has control over a total of 60,267 common shares of the company, with 60,267 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/898293/000122520826004489/xslF345X05/doc4.xml

$JBL

Insider Trading146d ago

Grab Holdings Insider Sold Shares Worth $1,471,280, According to a Recent SEC Filing

Anthony Ping Yeow Tan, Director, Chief Executive Officer, on April 09, 2026, sold 400,000 shares in Grab Holdings (GRAB) for $1,471,280. Following the Form 4 filing with the SEC, Tan has control over a total of 425,193 Class A ordinary shares of the company, with 425,193 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1855612/000185561226000063/xslF345X05/wk-form4_1776131079.xml

$GRAB

Asia146d ago

Jiangsu Hengli Hydraulic Chair Resumes Normal Performance; Shares Up 5%

Jiangsu Hengli Hydraulic (SHA:601100) said de facto controller and Chair Wang Liping has resumed normal performance of his duties as legal representative and chair.Company production and operations remain normal, according to a Tuesday filing with the Shanghai bourse.In March, Wang was detained by the Jiangsu Provincial Supervisory Commission following the issuance of a case filing and detention notice.Shares of the hydraulic systems manufacturer were up 5% in recent trade.

SHA:601100

Asia146d ago

Xiamen Port Development Issues 600 Million Yuan in Super Short-Term Commercial Paper

Xiamen Port Development (SHE:000905) completed the issuance of super short-term commercial paper worth 600 million yuan, according to a Tuesday filing on the Shenzhen bourse.The bonds have an interest rate of 1.47% and a term of 265 days, maturing Dec. 31.Agricultural Bank of China (HKG:1288, SHA:601288) served as the bookrunner and lead underwriter of the issuance.The Chinese port operator fell by less than 3% during the afternoon trade.

HKG:1288SHA:601288SHE:000905

Asia146d ago

Senko to Retire KRW1.69 Billion Worth of Treasury Shares

Senko (KOSDAQ:347000) plans to retire about 700,000 treasury shares, valued at 1.69 billion won, the electrochemical gas sensors and detectors manufacturer said in a Tuesday filing with the Korea Exchange.The shares will be retired on April 22 at a par value of 500 won apiece.

KOSDAQ:347000

Asia146d ago

Hanjia Design Fined for Overstatement of 2024 Accounts

Hanjia Design (SHE:300746) was slapped with an 800,000 fine for overstating its 2024 revenue and costs, according to a Shenzhen bourse filing on Tuesday.A probe conducted by China's Ministry of Finance found that the architectural design company overstated its accounts by using the gross method, instead of the net method.The regulator also imposed fines of between 100,000 yuan and 200,000 yuan on people and accountants involved in the calculation.The company's shares rose less than 2% during the afternoon trade.

SHE:300746

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