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Pilbara Gold Starts Drill Campaign at Western Australia Project

Pilbara Gold (ASX:PGL) started a 12,000-meter reverse circulation drill program at its Roe Hills gold project near Kalgoorlie, Western Australia, according to a Thursday filing with the Australian bourse.The 2.5-month program will primarily focus on Terra, with 1,600 meters allocated to Caliburn, per the filing.The company aims to complete all drilling activities at the project within three months, the filing said.The company plans to use the drilling results to define geological and mineralized zones and evaluate the potential for establishing a maiden mineral resource estimate at the Terra and Caliburn prospects, the filing added.

ASX:PGL

International29d ago

China's Producer Inflation Accelerates to 4.1% in June

China's annual producer inflation accelerated to 4.1% in June from 3.9% in May, according to data from the National Bureau of Statistics (NBS) released on Thursday.The reading matched the consensus forecast of 4.1% tracked by Investing.com.The acceleration was driven primarily by a 6.4% year-over-year rise in industrial producer purchase prices.Meanwhile, on a month-over-month basis, China's PPI fell 0.3%, reversing the 0.5% increase in May and the first monthly contraction in three months.

Shanghai Composite^SZSE

Asia29d ago

Qiyunshan Food Shares Soar 100% in Hong Kong Debut

Jiangxi Qiyunshan Food (HKG:2797) made a stellar Hong Kong debut Thursday, with its stock price jumping 100% on the first day of trading.The fruit snacks company opened at HK$16 per share, compared with its listing price of HK$8 per share.

HKG:2797

Asia29d ago

Hong Kong Stocks Open Little Changed as Trump Revives Iran Tensions

Hong Kong stocks opened largely flat on Thursday as investors assessed renewed U.S.-Iran tensions after U.S. President Donald Trump declared the interim deal with Iran was "over."The Hang Seng Index was little changed at 24,181.34, down 18.12 points, while the Hang Seng China Enterprises Index edged down 0.27 points to 8,083.95.Trump, speaking at a NATO summit in Turkey, said he had no interest in further talks with Iran and warned Washington was likely to carry out additional strikes, reviving geopolitical concerns.Meanwhile, minutes from the U.S. Federal Reserve's latest meeting highlighted lingering inflation concerns. Traders continued to price in a likely December rate hike, according to CME's FedWatch tool.

Hang Seng

Asia29d ago

Dtech Technology Slides 13% in Hong Kong Debut

Guangdong Dtech Technology (SHE:301377, HKG:1377) shares opened 13% below the offer price in a weak Hong Kong debut on Thursday morning.The drill bits supplier opened at HK$330 per share, compared with its listing price of HK$380 per share.

HKG:1377SHE:301377

Asia29d ago

Chaozhou Three-Circle Makes Tepid Hong Kong Debut as Shares Open Flat

Chaozhou Three-Circle (HKG:6951, SHE:300408) logged a tepid stock market debut as its shares opened flat on their maiden trading in Hong Kong Thursday morning.The electronic components manufacturer opened at HK$100.30 per share, unchanged from its IPO price.

HKG:6951SHE:300408

International29d ago

ADB Maintains Thailand 2026 GDP Growth Outlook, Lifts Inflation Forecast

The Asian Development Bank maintained its Thailand economic growth forecast for 2026 while raising the inflation outlook, according to its Asian Development Outlook update released late Wednesday.The ADB expects Thailand's economy to expand 1.8% in 2026, unchanged from its April forecast.For 2027, the bank also kept its real GDP growth projection at 2%.The ADB now expects Thailand's inflation to increase 2.9% in 2026, compared with a 0.1% contraction in 2025. The latest forecast is significantly higher than its 1.3% projection in April.

^SET

Asia29d ago

Rigol Technologies Falls 19% in Hong Kong Trading Debut

Rigol Technologies' (HKG:0537, SHA:688337) shares opened 19% below the offer price in a weak Hong Kong debut on Thursday morning.The electronic test and measurement company opened at HK$37.36 per share, compared with the offer price of HK$45.98.

HKG:0537SHA:688337

Asia29d ago

Luxshare Precision Makes Tepid Hong Kong Debut as Shares Open Flat

Luxshare Precision Industry (HKG:2475; SHE:002475) saw a tepid stock market debut as its shares opened virtually unchanged in their maiden trading in Hong Kong on Thursday morning.The consumer electronics manufacturer opened at HK$63.25 per share, compared with the offer price of HK$63.28.

HKG:2475SHE:002475

Asia29d ago

Dtech Technology Nets HK$4.7 Billion in Hong Kong IPO

Guangdong Dtech Technology (SHE:301377, HKG:1377) raised HK$4.66 billion in net proceeds from its initial public offering in Hong Kong.The drill bits supplier priced its IPO at HK$380 per share, issuing 12.6 million shares, according to a Wednesday after-market filing with the Hong Kong Exchange.The Hong Kong public offering portion of the deal was 354.64 times subscribed, with 1.2 million shares allocated, while the international offering was 24.5 times subscribed, with roughly 10.5 million shares allocated.Cornerstone investors were allotted 5.23 million shares, representing 41.5% of the IPO shares.Dtech Technology is set to debut on the Hong Kong bourse today, July 9.

HKG:1377SHE:301377

Asia29d ago

Victory Metals Ships Heavy Rare Earth Concentrate to Potential Offtake Partners, Updates North Stanmore PFS

Victory Metals (ASX:VTM) said its flotation pilot plant in Western Australia continues to produce heavy rare earth-enriched concentrate under continuous operating conditions, and has started dispatching concentrate to potential offtake partners in Australia, Japan, and the US for independent product examination, according to a Thursday Australian bourse filing.The company said that during pilot plant operations and a concurrent review of geological data, it identified that a substantial volume of material at its North Stanmore project previously logged as saprock is in fact saprolite.The correction of this classification means a substantial volume of additional saprolite may now be included in the ore reserve pre-feasibility study (PFS), the filing added.Its inclusion is expected to provide additional economic benefits to the project, including the potential to support an expanded ore reserve, per the filing.The company's shares rose 2% in recent Thursday trade.

ASX:VTM

International29d ago

ADB Cuts India Growth Forecast for 2026

The Asian Development Bank trimmed its India economic growth estimate for 2026, according to its Asian Development Outlook update published late Wednesday.The ADB said it expects India's economy to grow 6.6% in 2026, down 0.3 percentage points from the April estimate.For 2027, the real GDP growth estimate was unchanged at 7.3%.The ADB expects inflation in India to rise to 5.2% in 2026 from 2.1% in 2025, higher than the 4.5% April projection.

^BSENifty 50

Asia29d ago

Zhuhai Trinomab Pharmaceutical Seeks to Raise 999 Million Yuan in IPO

Zhuhai Trinomab Pharmaceutical (SHA:688806) is seeking to raise 998.9 million yuan via the issue of 69.1 million shares at 14.46 yuan apiece, according to a Thursday filing with the Shanghai bourse.The expected offering date is July 10, with proceeds to be used for new drug research and development, antibody manufacturing expansion, and for working capital.Huatai United Securities serves as lead underwriter.

SHA:688806

Asia29d ago

Fletcher Building Lifts Fiscal 2026 EBIT Guidance; Shares Up 6%

Fletcher Building (ASX:FBU, NZE:FBU) upgraded its fiscal 2026 earnings before interest and taxes (EBIT) guidance by around 6.4% to NZ$400 million to NZ$403 million, supported by an estimated NZ$52 million contribution from surplus property sales, according to a Thursday filing with the Australian and New Zealand bourses.The company said continuing operations are expected to deliver fiscal 2026 EBIT of NZ$348 million to NZ$351 million, which is around 3.6% above the midpoint of its mid-June guidance, excluding property sales, per the filing.Performance improved due to stronger procurement, manufacturing productivity, low-cost scrap use, higher Iplex demand, and solid infrastructure activity, though macroeconomic uncertainty and cost inflation may weigh on the first half of fiscal 2027 as new projects are delayed or cancelled, the filing said.Light Building Products delivered stronger fourth-quarter volumes, with Iplex New Zealand and Comfortech volumes up 24.6% and 6.3% year on year, respectively, while Heavy Building Materials showed a mixed recovery, with improved quarterly volumes but some businesses still tracking below prior-year levels.Distribution Division volumes at PlaceMakers Frame and Truss increased nearly 13% year on year, supported by the Cavendish Drive facility, while Residential profit completions declined to 220 units in fourth quarter from 247 units, the filing added.The company's Australian shares rose by around 6% in Thursday trading, while its New Zealand shares gained 4%.

ASX:FBUNZE:FBU

Asia29d ago

QBE Insurance Launches Risk Management Self-Assessments for Businesses

QBE Insurance Group (ASX:QBE) launched interactive risk management self-assessments for businesses, designed to help them identify potential risks and understand their most significant exposures, according to a Thursday statement.The initial focus includes property, liability, motor fleet, as well as environmental, social, and governance.The assessment includes a series of questions relevant to businesses' operations and provides a detailed report with recommendations, risk mitigation tips, and supporting resources.

ASX:QBE

International29d ago

ADB Cuts Developing APAC Growth Forecast for 2026

The Asian Development Bank trimmed its developing Asia and the Pacific economic growth estimate for 2026, below last year's growth due to the effects of the Middle East conflict.In its Asian Development Outlook update published late Wednesday, the ADB expects the region's economy to grow 4.9% in 2026, down 0.2 percentage points from the April estimate.For 2027, the real GDP growth estimate was unchanged at 5.1%.The ADB expects inflation in the developing APAC region to rise to 4.3% in 2026 from 3% in 2025, higher than the 3.6% April projection.

^BSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPI^NSENifty 50^PSEI^SETShanghai Composite^SZSETaiwan Weighted

Asia29d ago

EQ Resources' Sales Jumps 142% Year Over Year, Shares Up 3%

EQ Resources (ASX:EQR) said its production totalled 118,946 metric tonnes units of tungsten, down 29% year-over-year, and its sales totalled AU$160 million, jumping 142% year-over-year, for the year ending June 30, according to a Thursday Australian bourse filingIt produced 13,050 metric tonne units from its Mt Carbine project in Queensland during the June quarter, representing a 175% increase quarter-over-quarter, and the highest quarterly production since the first quarter of fiscal year 2024.Around 1.1 million tonnes of material were moved for the June quarter, representing a 29% quarter-over-quarter increase, including a record 255,000 tonnes of ore mined as access to the Iolanthe Vein increases.Production from its Barruecopardo project in Spain for the quarter totalled 15,265 metric tonne units, representing a 19% decrease quarter-over-quarter.Its shares advanced 3% in recent trading on Thursday.

ASX:EQR

International29d ago

ADB Keeps Malaysia's Growth Forecast Unchanged for 2026

The Asian Development Bank kept its economic growth estimate for Malaysia unchanged for 2026, but lifted its inflation forecast.In its Asian Development Outlook update published late Wednesday, the ADB expects the country's economy to grow 4.6% in 2026, sticking to its April estimate.For 2027, the real GDP growth estimate was also unchanged at 4.5%.The ADB expects inflation in Malaysia to rise to 2.0% in 2026 from 1.4% in 2025, higher than the 1.8% April projection.

FTSE Bursa Malaysia KLCI

Asia29d ago

Steadfast Group Extends Exclusivity Period With Amwins-Dragoneer Consortium

Steadfast Group (ASX:SDF) extended its exclusivity agreement with the Amwins Group and Dragoneer Investment Group consortium after the bidders reaffirmed their commitment to a proposed AU$6-per-share cash acquisition of the company through a scheme of arrangement, according to a Thursday Australian bourse filing.The extension grants the consortium an additional four-week period of soft exclusivity to complete due diligence, but the company said there is no assurance the parties will reach a binding agreement or complete a transaction, per the filing.The company added that shareholders do not need to take any action at this stage.Steadfast Group's shares added about 1% in recent Thursday trade.

ASX:SDF

International29d ago

ADB Keeps China's Growth Forecast Unchanged for 2026

The Asian Development Bank kept its economic growth estimate for China unchanged for 2026.In its Asian Development Outlook update published late Wednesday, the ADB expects the country's economy to grow 4.6% in 2026, unchanged from its April estimate.For 2027, the real GDP growth estimate also remained at 4.5%.The ADB expects inflation in China to rise to 1.2% in 2026 from 0.0% in 2025, higher than the 0.6% April projection.

Shanghai Composite^SZSE

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