Financial News · Live Terminal

Page 986 of 3264

South Korean Shares Rebound on Chip Gains; Samsung Adds 10%, SK Hynix 1%

South Korean shares rebounded on Wednesday, owing to strong gains made by heavyweight semiconductor stocks, after following a technology stocks-led sell-off on record on Tuesday. Key market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added nearly 10% and 1%, respectively, at market close.The benchmark Korea Composite Stock Price Index, or Kospi, rose 3.3%, or 267.18 points, to close at 8,471.02. The Kosdaq also increased by 2%, or 17.79 points, to end at 909.31.In economic news, the number of foreign tourists that arrived in South Korea has exceeded 10 million as of the third week of June, the Ministry of Culture, Sports and Tourism said in a Wednesday release.The number of foreign tourists visiting South Korea jumped 19.4% to 1.95 million in May from 1.63 million a year earlier. Total foreign arrivals in the country in the first five months of 2026 rose 21% to 8.72 million from 7.21 million in the same period last year, the ministry said.In the corporate front, the South Korean government is in discussions with chipmakers Samsung Electronics and SK Hynix over the next phase of large-scale semiconductor investments, Reuters reported Wednesday, citing presidential policy adviser Kim Yong-beom at a discussion panel.Kim said that AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster, the report said.In other news, CMES Robotics (KOSDAQ:475400) secured a supply contract for an electrode coater insulation thickness measuring instrument from LG Energy Solution Arizona, the company said in a Wednesday filing with the Korean Exchange.The contract, valued at 1.40 billion won, is expected to be valid till Aug. 31, 2028.Shares of CMES Robotics rose nearly 7% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930

Asia39d ago

Chinese Shares Rise on Tech Rally; Genori Technology Surges in Debut

Chinese shares erased earlier losses to end in green on Wednesday, driven by a rally in technology stocks and positive policy signals.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.1% to 4,110.81. The Shenzhen Component Index jumped 1.2% to 16,051.32.The SSE STAR 50 Index (SSE:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, closed 4% higher.Positive global cues included news that South Korea is in discussions with Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) over the next phase of large-scale semiconductor investments.South Korean presidential policy adviser Kim Yong-beom said AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster.Also boosting sentiment was China's action plan to boost and stabilize foreign investments.The plan, signed by the commerce and finance ministries, as well as the National Development and Reform Commission, highlights market access expansion, facilitating and supporting foreign investment, and beefing up investment promotion, among others.In company news, shares of Chongqing Genori Technology (SHA:688797) surged 1,213% versus their initial public offering price of 44.56 yuan on their first day of trading on the Shanghai bourse.

Shanghai Composite^SZSESHA:000688SHA:688797

Asia39d ago

S&P Rates Sony Group's Planned US Dollar Bonds A+

S&P Global Ratings on Wednesday placed an A+ long-term issue credit rating on Sony Group's (TYO:6758) planned US dollar senior unsecured bonds.The bonds have a similar rating to the Japanese electronics and entertainment company's long-term issuer credit rating, reflecting sufficiently low leverage that narrows the likelihood of notable disadvantage for some lenders, S&P said.Funding from the bonds will widen the company's overseas investors and diversify its sources, the rating agency said.The company's solid position in the entertainment industry, robust profitability amid a diversified business mix, and healthy cash flow ratios support its rating.S&P views the company as slightly less competitive than major global peers in some entertainment areas.

TYO:6758

Asia39d ago

Cybozu's May Sales Growth Climbs 14.6%

Software company Cybozu (TYO:4776) said its consolidated sales rose to 3.49 billion yen in May, up 14.6% year on year.Cloud-related business continued to drive growth, with May sales climbing 14.6% to 3.24 billion yen, according to a Tokyo bourse filing on Wednesday.For the full year ending Dec. 31, the company forecasts an attributable profit of 7.45 billion yen, basic earnings per share of 160.99 yen, and net sales of 42.2 billion yen.

TYO:4776

Oil & Energy39d ago

EMEA Oil Update: Brent Slips as Stranded Persian Gulf Supply Recovers

Brent futures extended losses on Wednesday following signals that stranded tankers are exiting the Persian Gulf, signaling a steady return of global oil supply after severe maritime disruptions.The Brent futures contract fell more than 1% to $76.21 per barrel hovering near early-March levels. Murban futures closed at its lowest since Mid-February at $69.63/bbl on June 23 and were not trading by the time of publication of this oil price update."Brent crude slipped below $77 per barrel, leaving prices less than 10% above pre-war levels, as tanker traffic through the Strait of Hormuz continues to normalise," Saxo Bank analysts said.Multiple oil tankers previously stranded in the region are preparing to navigate out of the critical Strait of Hormuz choke point.ING analysts noted that because Saudi Arabia and the UAE deployed pipeline diversions during the conflict, the broader Persian Gulf supply will entirely recover to pre-war levels once transit volumes through the strait hit roughly 14 million barrels per day."We continue to believe that the oil sell-off is overdone, with the market still tightening," ING added.On the geopolitical front, while Washington claimed Tehran agreed to permanent, indefinite nuclear inspections, Iranian officials promptly disputed making such structural concessions, exposing the ongoing fragility of the framework, Reuters reported on Tuesday.The oil market now awaits US crude inventory data from the Energy Information Administration.

Equities39d ago

Nan Nan Resources Swings to Full-Year Loss

Nan Nan Resources Enterprise (HKG:1229) reported an attributable loss of HK$7 million for the year ended March 31, compared with a profit of HK$72.6 million a year prior, according to a Tuesday Hong Kong bourse filing.Shares of the coal miner were down nearly 1% in Wednesday afternoon trading.Loss per share was HK$0.0091, compared with earnings per share of HK$0.0355 in the previous fiscal year.Revenue jumped 19% year over year to HK$388 million from HK$327 million.

HKG:1229

Commodities39d ago

Dorian LPG Orders Very Large Gas Carrier From HD Hyundai

Dorian LPG (LPG) has struck a deal with HD Hyundai under which the latter will build one 90,000 cbm very large gas carrier for about $115 million, with a July 2029 delivery date, Dorian said on Tuesday.The vessel will be a dual-fuel Panamax VLGC capable of passing through the "old" Panama Canal locks and it will feature a shaft generator that boosts efficiency and cuts emissions.The company has also signed memorandums of agreement to sell three other VLGCs, the Corsair built in 2014 and two other vessels built in 2015, for a total of $256 million.Dorian will deliver the vessels to the buyers in Q4, but stressed that there was no guarantee the sales would be completed by then or that they were certain to go ahead.The company said that in Q2, it estimates that it fixed 99% of calendar days at rates in excess of $68,000 and for the month of July, it estimates 34% of days will be fixed at a rate above $100,000 per day.This may refer to the leasing of ships, but it did not explain further.Dorian has a total fleet of 27 VLGCs, it said.

$LPG

Asia39d ago

Shenzhen Fastprint Circuit Tech Seeks Up to 3.9 Billion Yuan From Private Placement

Shenzhen Fastprint Circuit Tech (SHE:002436) is looking to raise up to 3.90 billion yuan from the sale of 509.9 million shares to 35 investors in a private placement, according to a Wednesday filing with the Shenzhen bourse.The printed circuit board manufacturer looks to use the proceeds to fund its modified semi-additive process manufacturing and integrated circuit packaging substrate projects and for working capital.Shares rose 4% during the close of trading on Wednesday.

SHE:002436

Asia39d ago

Market Chatter: India to Review Steel Import Trends Before Considering Further Curbs

India will track steel import levels for at least two more months before deciding whether additional measures are required to curb cheap inbound shipments mainly from China, Reuters reported on Tuesday, citing a source familiar with the matter.The country remained a net importer of finished steel for a second consecutive month in May, with imports reaching about 0.7 million metric tons, higher than the average seen over the previous six months. Finished steel exports in May stood at 0.5 million metric tons.No decision has been made on additional measures, which could include anti-dumping duties or other trade measures, the report noted.India's Ministry of Steel 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.)

^BSENifty 50

International39d ago

BOJ's Ueda Signals Further Rate Hike Amid Knock-on Effect of High Oil Prices

Bank of Japan Governor Kazuo Ueda said the central bank expects Japan's inflation rate to rise above 2% as higher crude oil prices feed through to energy and goods prices, while signaling that further interest-rate increases remain likely as economic and price conditions evolve.In a speech to the National Shinkin Bank Convention, delivered on his behalf by Deputy Governor Ryozo Himino on Wednesday, Ueda said the BOJ decided at last week's policy meeting to raise the policy rate to 1% over risks that oil-driven price increases could spread across a wide range of items and push underlying inflation above the bank's 2% target.Governor Ueda was previously hospitalized for an infected hepatic cyst and missed the central bank's June policy meeting, sharing his views in writing.Ueda is expected to return for the July meeting.

Nikkei 225

International39d ago

Bank of Thailand Maintains Interest Rates at 1% as Expected

The Bank of Thailand's Monetary Policy Committee voted to maintain its benchmark policy rate by 1%, according to a Wednesday release by the central bank.The decision was in line with forecasts polled by Investing.com.The central bank's decision came as the country's accommodative monetary policy paired with targeted financial measures helped prop up the Thai economy.

^SET

Asia39d ago

Cub Elecparts Names CFO of Key Unit

Cub Elecparts (TPE:2231) appointed Liu Wan Hua as chief financial officer of 3S System Technology, a key subsidiary, according to a Wednesday Taiwan Exchange filing.Before the CFO appointment, Liu had been serving as head of Cub Elecparts' accounting and finance division.

TPE:2231

Asia39d ago

Fitch Rates Power Finance's US Dollar Bond BBB-

Fitch Ratings has assigned a BBB- rating to Power Finance's (NSE:PFC, BOM:532810) regulation S senior unsecured US dollar bond, according to a recent release.The notes' rating is equivalent to the India-based company's long-term issuer default rating, being issued under its $8 billion medium-term note program and serving as its direct, unconditional and unsecured obligations.The notes also rank equally at all times with the company's other outstanding unsecured and unsubordinated obligations, Fitch said.Changes in India's sovereign rating would lead to similar actions on that of the company, in turn leading to similar moves for the notes, Fitch said.

BOM:532810NSE:PFC

Asia39d ago

Japanese Shares Extend Selloff, Tracking Wall Street-Led Tech Losses

Japanese shares closed lower for the second straight session after a choppy trading session on Wednesday, tracking the weak trade on Wall Street amid tech losses.The benchmark Nikkei 225 closed lower by 613.41 points or 0.88% at 69,174.97 on Wednesday.Driven by conflicting reports, investors are also cautious of the durability of the peace accord between Iran and the US.Markets are also closely watching the movement of the yen, which is near a 40-year low, for a potential intervention to stabilize the currency.On the corporate side, Toyota Motor (TYO:7203) will slash production outside Japan by about 100,000 units by around February 2027 as the de facto closure of the Strait of Hormuz affects demand overseas, Nikkei Asia reported Wednesday. It also plans to cut electric vehicle production for China.Elsewhere, Marubeni (TYO:8002) has completed its share buyback program after repurchasing a total of 11,766,800 shares, according to a Wednesday filing on the Tokyo Stock Exchange.

Nikkei 225TYO:7203TYO:8002

Asia39d ago

Market Chatter: Zhipu AI Plans Hong Kong Share Sale

Knowledge Atlas Technology (HKG:2513), also known as Zhipu AI, is considering a share sale in Hong Kong next month to raise several billion U.S. dollars, Bloomberg reported Wednesday.The firm's plans are preliminary and could change, the report said, citing people familiar with the matter.Zhipu AI previously disclosed plans to pursue a secondary listing on Shanghai Stock Exchange's Sci-Tech Innovation Board to raise funds to advance its AI models.Zhipu AI did not immediately respond to a request for comment from.(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.)

HKG:2513

Asia39d ago

Sigong Tech Bags KRW8.8 Billion Contract

Sigong Tech (KOSDAQ:A020710) secured an 8.84 billion contract to construct the Korean Pavilion at the 2027 Belgrade Expo, according to a Korean Exchange filing on Wednesday.The contract, signed with the Korea Trade-Investment Promotion Agency (KOTRA), will conclude by Nov. 30, 2027.

KOSDAQ:A020710

Asia39d ago

Daqin Railway Increases Dividend Payout

Daqin Railway (SHA:601006) adjusted its dividend upward to 0.14169 yuan per share from 0.14 yuan, according to a Wednesday filing with the Shanghai bourse.Based on the revised dividend, annual profit distribution for 2025 will be 2.81 billion yuan.

SHA:601006

Asia39d ago

Infroneer Revises Performance-Linked Stock Plan for Directors, Executives

Infroneer (TYO:5076) said that it has revised its performance-linked stock compensation plan for directors and executive officers, according to a Tuesday filing on the Tokyo Stock Exchange.The Japan-based infrastructure services company said that the new expanded plan will include additional eligible companies to strengthen its focus on long-term corporate value and shareholder returns.The compensation committee approved the changes on Tuesday, under which multiple evaluation periods will run concurrently, replacing the three-year lump-sum grant structure.The revised plan aligns shareholder value with executive compensation, ensuring sustainable growth, the filing said.

TYO:5076

Asia39d ago

CMES Robotics Bags KRW1.4 Billion Contract

CMES Robotics (KOSDAQ:475400) secured a 1.40 billion won supply contract to provide an electrode coater insulation thickness measuring instrument to LG Energy Solution Arizona, according to a Korean Exchange filing on Wednesday.The contract is expected to be fulfilled by Aug. 31, 2028.

KOSDAQ:475400

Asia39d ago

Lotus Horizon Swings to Full-Year Loss

Lotus Horizon (HKG:6063) recorded a loss of HK$3.3 million for the year ended March 31, compared with a profit of HK$3.2 million a year prior, according to a Tuesday Hong Kong bourse filing.Shares of the construction engineering services company were up over 8% in Wednesday afternoon trading.Basic loss per share was HK$0.17, whereas the company had seen a basic EPS of HK$0.16 in the previous fiscal year.Revenue slipped 13% to HK$226 million from HK$259.8 million previously, mainly due to slower construction progress of certain key projects.

HKG:6063

Showing 19701-19720 of 65264

Asia39d ago

South Korean Shares Rebound on Chip Gains; Samsung Adds 10%, SK Hynix 1%

^KOSDAQKOSPIKRX:000660KRX:005930