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Market Chatter: Tata Electronics Data Leak Exposes iPhone 18 Pro's Supplier List, Parts, Photos

As part of the major cyber attack on Tata Electronics, sensitive lists of components and suppliers, and photos of Apple's upcoming iPhone 18 Pro models are also said to be part of the leaked documents posted on the dark web, according to a Reuters report on Monday, citing documents and a source.Apple's Indian supplier, Tata Electronics, was recently hit by a cybersecurity incident after component design and specification papers of Apple and Tesla were posted by the ransomware group World Leaks.The U.S.-based electronics giant ⁠is reportedly on track to release its iPhone 18 Pro and Pro Max in September, Reuters said. This leak could provide rivals, counterfeiters and its own vendors sensitive information on who makes what.Tata Electronics and Apple did not immediately reply to' request for comment.(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.)

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Asia35d ago

Stamford Land Completes De-Registration of Dormant Subsidiaries

Stamford Land (SGX:H07) completed the de-registration of its dormant subsidiaries and trusts, according to a Monday filing with the Singapore Exchange.The dormant subsidiaries and trusts were incorporated in Singapore, Australia, Malaysia and the British Virgin Islands, the luxury hotels operator said.

SGX:H07

Asia35d ago

SAIC to Raise Committed Capital in Partnership Fund

SAIC Motor (SHA:600104) will raise its committed capital in a partnership fund to 3.39 billion yuan from 2.5 billion yuan, according to a Shanghai bourse filing on Tuesday.In February, the Chinese automobile manufacturer and its subsidiary, SAIC Financial Holding, subscribed to the Shanghai Shangqi Shangcheng No. 2 Private Equity Investment Fund Partnership.SAIC's shares fell 2% during the morning trade.

SHA:600104

US Markets35d ago

Australia's Central Bank Ready to Raise Rates if Needed After June's Hold Decision

Australia's central bank said it is willing to take necessary steps to achieve price stability and full employment, including increasing the cash rate target.The Reserve Bank of Australia decided to leave interest rates unchanged at its June meeting, given the ongoing uncertainty related to developments in the Middle East.Minutes released from the June monetary policy showed that board members believed a durable US-Iran resolution could limit costs passed on to consumers by firms, but noted that underlying inflation would still show lingering effects of the recent fuel shock.The Reserve Bank of Australia's monetary policy board members decided to hold rates at 4.35% to balance its inflation and employment targets.Members agreed policy needed to stay restrictive to unwind excess demand through below-trend growth, with inflation remaining well above target and staff's May forecasts pointing to a further two years before it returns to target on a sustainable basis.The board members believe it would take considerable time to restore oil supply to pre-conflict levels even if the current resolution proves enduring, and noted demand could be buoyed for a time as countries look to rebuild inventories.The minutes were described as "hawkish" by ANZ, which continues to expect the interest rate to remain at 4.35% for the next year.Amid a developing Middle East peace resolution, reduced fuel costs, and a decreased May unemployment rate, Australian consumers are showing optimism as ANZ's consumer confidence survey showed a second consecutive weekly rise in June.The RBA is scheduled to meet again in August, while the ASX Rate Indicator showed 81% market expectations of another hold decision.

ASX 200

Asia35d ago

Soup Holdings Flags Net Loss in Fiscal H2; Shares Down 4%

Soup Holdings (SGX:5KI) expects to book a net loss for the fiscal half ended Dec. 31, according to a Tuesday filing with the Singapore Exchange.The company attributed the forecast to its decision not to proceed with the lease agreement for a proposed outlet, which resulted in a compensation payment of SG$384,000 to the landlord.Shares of the restaurants operator were down over 4% in late-morning trade on Tuesday.

SGX:5KI

Asia35d ago

Singapore Airlines, Air China Sign MoU to Deepen Partnership

Singapore Airlines (SGX:C6L) and Air China (HKG:0753, SHA:601111) have signed a memorandum of understanding to establish a commercial joint venture, with a view to expanding their codeshare network beyond existing routes, according to a joint release on Monday.Under the partnership, the two companies will explore joint fare products, marketing and revenue-sharing arrangements.Through their pre-existing Star Alliance partnership, members will be able to earn and redeem miles flexibly across both airlines.The two parties will also exchange best practices in ground handling, catering and in-flight services.

HKG:0753SGX:C6LSHA:601111

International35d ago

Asia-Pacific Capital Market Confidence Hits Record High in 2026: ASIFMA Survey

Confidence in Asia-Pacific (APAC) capital markets reached a record high, with 66% of financial firms planning regional expansion over the next three years, according to the 2026 edition released Tuesday by the Asia Securities Industry and Financial Markets Association (ASIFMA) in collaboration with KPMG.However, there was intense competition among APAC jurisdictions in terms of capital and investment.Companies are becoming more stringent in allocating their resources, with expansion plans shifting across markets as they prioritize more attractive individual APAC economies, the release said.Singapore remained the top-ranked Asia-Pacific market for ease of doing business, while Hong Kong remained at second place. India and mainland China improved their rankings, rebounding from last year's declines.The most attractive markets were those with open capital accounts, internationalized talent pools, predictable regulatory frameworks, and active two-way industry dialogue, it said.

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Asia35d ago

OFX Group Strategic Review Remains Active, Ongoing

OFX Group (ASX:OFX) said its strategic review remains active and ongoing, with continued engagement with multiple parties, according to a Tuesday Australian bourse filing.There is no certainty that the review will result in any transaction or other outcome, the company said.The company's shares rose nearly 1% in recent trading on Tuesday.

ASX:OFX

Asia35d ago

Market Chatter: AirTrunk Looks to List REIT in Singapore

AirTrunk is looking to confidentially file for an initial public offering of a real estate investment trust in Singapore, Bloomberg reported on Monday, citing people familiar with the matter.The Blackstone-backed data center operator could submit a draft registration to the Monetary Authority of Singapore and the Singapore Exchange Securities Trading as soon as this week, with an aim to raise as much as $1.5 billion, the people told the news agency.A potential IPO would give the Singapore market a major boost, with around $912 million already raised this year, the report added.AirTrunk did not immediately respond to' request for comment.(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.)

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Asia35d ago

Market Chatter: Japanese Retail Investors Sit On 16 Trillion Yen Cash Pile to Buffer Against Market Drop

Japanese individual investors hold a near-record 16 trillion yen in uninvested brokerage funds, positioning them as a potential buffer against market slides, Nikkei Asia reported Tuesday, citing fund managers.The Nikkei hit an all-time high of 72,366 on June 25 but has since experienced volatile swings amid profit-taking and AI-driven semiconductor plays, the news daily said.With U.S. tech stocks correcting on concerns over hyperscaler spending, Japanese equities may face similar headwinds, drawing attention to retail investors waiting for pullbacks, the publication said.Trading activity by individuals on the Tokyo Stock Exchange's Prime market reached a weekly record in mid-June, even as the Nikkei's 38% rally since late 2025 has prompted many to lock in half-year gains, the report 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.)

Nikkei 225

Asia35d ago

Inner Mongolia Yili Industrial Completes Redemption of Five Tranches of Ultra-Short-Term Commercial Papers

Inner Mongolia Yili Industrial Group (SHA:600887) completed the redemption of five tranches of its 84- and 85-day commercial papers.The redemptions occurred on June 25 and June 26, with interest at a uniform rate of 1.40% across tranches, according to a Tuesday filing with the Shanghai bourse.The principal and interest redemption amounts were 10.0 billion yuan, 8.03 billion yuan, 7.02 billion yuan, 7.02 billion yuan and 13.0 billion yuan.Shares of the dairy products company were down 2% in recent trade.

SHA:600887

Asia35d ago

ASX Midday Sector Update: Utilities Stocks Rise, Materials Sector Falls

Utilities stocks advanced 1.2% at midday Monday.Origin Energy (ASX:ORG) gained more than 1% in recent trade.Meanwhile, the materials sector struggled, shedding nearly 2%.BHP Group (ASX:BHP) shares fell almost 1% in recent trade.

ASX 200ASX:BHPASX:ORG

Asia35d ago

TBEA Issues 1 Billion Yuan in Green Tech Bonds

TBEA (SHA:600089), through subsidiary TBEA Xinjiang New Energy, issued its first green technology bonds for the year, amounting to 1 billion yuan, according to a Tuesday disclosure on the Shanghai bourse.The bonds have a 2.1% coupon rate and a term of three years, but can be extended.China Construction Bank (HKG:0939, SHA:601939) served as the lead underwriter of the issuance.The Chinese power transformers manufacturer's shares slipped 1% during the morning trade.

HKG:0939SHA:600089SHA:601939

Asia35d ago

Samsung, SK Group to Invest KRW3,755 Trillion in Future Tech, AI, Chip Clusters

Samsung Group and SK Group announced investment plans totaling 2,655 trillion won and 1,100 trillion won, respectively, to build regional semiconductor hubs and nationwide AI infrastructure, according to statements from the firms on Monday.Samsung Electronics (KRX:005930) plans to invest 2,030 trillion won in semiconductor clusters, which comprise the Pyeongtaek Campus and Yongin National Industrial Complex, while allocating 625 trillion won to projects in the Honam, Chungcheong and Yeongnam regions. These will focus on AI chips, robots, batteries, and IT components.Of that regional allocation, 425 trillion won will be concentrated in the Honam region, where Samsung Electronics will deploy 400 trillion won to build a new semiconductor fabrication plant and a digital-twin-based innovation hub in Gwangju.Meanwhile, chipmaker SK Hynix (KRX:000660) will invest 1,100 trillion won to build an AI memory production network across Yongin, Cheongju and southwestern Korea. The company aims to complete the fourth fab at its Yongin Semiconductor Cluster by 2033, 12 years ahead of schedule, with total investment in the semiconductor cluster expected to hit 600 trillion won.Alongside these corporate investments, South Korea unveiled a 550 trillion won joint private-public initiative involving internet firm Naver (KRX:035420) to build 8.4 gigawatts of AI data center capacity by 2029.Naver did not immediately respond to' request for comment.Shares of Samsung Electronics added nearly 2% in recent trade, while those of Naver fell over 1%, and those of SK Hynix declined marginally.

KRX:000660KRX:005930KRX:035420

Asia35d ago

Jiangxi Qiyunshan Food Launches HK$200 Million Hong Kong IPO

Jiangxi Qiyunshan Food (HKG:2797) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$200 million.The China-based fruit snacks company is offering 25 million H shares at a maximum price of HK$8.00 each, according to a Hong Kong bourse filing.The offering comprises 2.5 million shares for Hong Kong investors and 22.5 million shares for international investors, subject to reallocation and the overallotment option.The offer price is expected to be determined by July 7, with allocation results due by July 8, ahead of the company's planned trading debut on July 9.Net proceeds will be used primarily to expand the company's production and storage capacity, enhance its research and development capabilities, and strengthen its e-commerce infrastructure and online marketing.The company also plans to use the funds to expand its offline sales and distribution network in China and for working capital and general corporate purposes.Zhongtai International Securities is acting as the sole overall coordinator, sole global coordinator, joint bookrunner and joint lead manager, with CCB International Capital, SPDB International Capital, CMBC Securities and other firms serving as joint bookrunners and joint lead managers, according to the prospectus.

HKG:2797

Asia35d ago

Inner Mongolia Yili Industrial Acquires 36% Stake in Youran Dairy Via HK$1.17 Billion Placement

Inner Mongolia Yili Industrial (SHA:600887) was able to acquire 36% of China Youran Dairy (HKG:9858) through a share placement for HK$1.17 billion, according to a Shanghai bourse filing on Tuesday.The dairy products manufacturer subscribed through its subsidiary, Boyuan Investment Holdings, for 299,250,000 newly issued shares for HK$3.92 per share.Yili's shares dropped 2%, while Youran's shares fell 1% during the morning trade.

HKG:9858SHA:600887

Asia35d ago

Rokae Robotics Seeks Up to HK$875 Million in Hong Kong IPO

Rokae (Shandong) Robotics Group (HKG:3752) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$875.2 million.The Chinese robotics company is offering 23 million H-shares at an indicative price of HK$38 per share, according to a Hong Kong bourse filing.The offering comprises 2.3 million shares for Hong Kong investors and 20.7 million shares for international investors, subject to reallocation and the overallotment option.The IPO's allocation results are due by July 8, ahead of the company's planned trading debut on July 9.Net proceeds will be used to enhance the company's research and development capabilities in robots and related solutions and expand the business.The company secured five cornerstone investors who committed to purchasing $35.1 million worth of IPO shares.China International Capital Corp., Guotai Junan Securities, Guosen Securities, Futu Securities International and Kingsway Financial Services Group are serving as the underwriters for the offering.

HKG:3752

International35d ago

RBA Holds Rates as Inflation Risks Remain, Minutes Show

The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 4.35% in June, judging monetary policy to be somewhat restrictive while warning that inflation remains above target, and further rate increases could be needed if price pressures persist, according to the minutes of the monetary policy committee's June meeting released on Tuesday.The members noted that global financial conditions had eased since the previous meeting, as progress toward resolving the Middle East conflict lowered oil prices and reduced expectations of further monetary tightening, although uncertainty over inflation and energy markets persisted.They observed that inflation continues to remain well above the target, with underlying inflation projected to increase in the June quarter even as headline inflation eases because of lower fuel and travel costs.Members indicated that cost pressures remain widespread, weak productivity continues to drive elevated unit labor costs, and inflation is expected to take about two more years to return sustainably to the target range.RBA stated that although oil prices have fallen from recent highs, they remain above pre-conflict levels, while ongoing energy supply disruptions continue to pose upside risks to inflation and downside risks to growth, prompting several advanced economy central banks to maintain tighter monetary policy.The minutes revealed that domestic economic activity eased broadly as expected, with annual gross domestic product growth of 2.5% in the March quarter supported by strong business investment, while household consumption and housing conditions weakened and the labor market remained broadly resilient despite mixed signals.The board said the outlook is mainly threatened by persistent inflation, driven by global energy markets and weak domestic productivity, and reaffirmed that it will remain data dependent and is prepared to raise the cash rate further if needed to meet its inflation and employment goals.

ASX 200

Asia35d ago

China State Construction Engineering Bags 19 Billion Yuan Worth of Projects

China State Construction Engineering (SHA:601668) won four projects worth 19.1 billion yuan, according to a Shanghai bourse filing on Tuesday.The projects include the construction of the Xinjiang Hami Wanji Aluminum Plant, a new energy battery plant in Yunnan, an automotive parts manufacturing base in Zhejiang, and an industrial park in Henan.The engineering company's shares slipped 1% during the morning trade.

SHA:601668

International35d ago

New Zealand Business Confidence Rises in June, ANZ Says

New Zealand business confidence rose 27 points to 37 in June, according to a report by ANZ on Tuesday.Activity indicators improved in June, with most of the increase at the beginning of the month before a noticeable drop in oil prices occurred mid-month.Expected own activity was up 11 points to also be positive 37 from 25.6, while past own activity fell to 9 from 14.8, the report said.The data for this month indicates increased optimism about the future, with business confidence and expected own activity at historically solid levels.However, the impact of the initial oil shock continues to affect confidence, with the past activity measure declining again this month.Meanwhile, inflation indicators were softer as inflation expectations eased to 3.36% from 3.63%, cost expectations fell to 85 from 90, and pricing intentions fell to a net 51% expecting to raise prices, the lowest since November.Firms appear to be more optimistic about the future despite uncertainty, ANZ said.This month's survey offers hope that firms and the broader economy can pick up where they left off to some extent before the rise in oil prices, according to the report.

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International35d ago

RBA Holds Rates as Inflation Risks Remain, Minutes Show

ASX 200