4 Hours Ago
Sunac shares surge as Chinese property developer says it’s met restructuring conditions
Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% spike in its Hong Kong-listed shares to 2.75 Hong Kong dollars, marking the highest level in two months. Check out the full story here.
— Shreyashi Sanyal
7 Hours Ago
Asia chip stocks see gains after tech rally on Wall Street
Following a tech-driven surge on Wall Street, Asian chip stocks rallied, with Taiwan Semiconductor Manufacturing Corporation and Hon Hai Precision Industry, or Foxconn, exhibiting significant gains.
Check out the full story.
9 Hours Ago
South Korean producer prices slow after two straight months of acceleration
The producer price index in South Korea saw a slower increase of 0.8% year-on-year in October, down from 1.3% in the preceding month. This deceleration was accompanied by a monthly decline of 0.1%, marking the first instance in three months that the PPI experienced a month-on-month decrease, driven by lower prices of agricultural, forestry & marine products. The PPI analyzes monthly price fluctuations of goods from industrial producers within the domestic market.
— Lim Hui Jie
10 Hours Ago
Stocks making some of the biggest moves after hours
Here are some of the stocks making moves in extended trading.
Agilent Technologies saw its stock surge nearly 7% after surpassing Wall Street’s expectations on fourth-quarter earnings and revenues. Keysight Technology also reported a significant climb of approximately 3% after exceeding earnings projections.
— Brian Evans
11 Hours Ago
Stock futures open little changed
Stock futures remained mostly stagnant on Monday, following a surge in tech giants Nvidia and Microsoft that aided in lifting the S&P 500. The Dow Jones Industrial Average futures slipped by 0.01%, while the S&P 500 and Nasdaq 100 futures hovered near the flatline.
— Brian Evans