An hour ago
Sunac shares jump as Chinese property developer says it has met restructuring conditions
Shares of Sunac jumped on Tuesday after the troubled Chinese property developer said it had started executing its debt restructuring plans after satisfying restructuring conditions.
Sunac’s Hong Kong-listed shares jumped 18 percent to HK$2.75, trading at their highest level in two months.
The restructuring involves a full release of Sunac’s existing debt in exchange for the issuance of new notes.
Read the full story here.
5 hours ago
Asian chip stocks post gains after tech rally on Wall Street
Asian chip stocks rose after a tech rally on Wall Street led by Microsoft and Nvidia on Monday.
Shares of Taiwan Semiconductor Manufacturing Corporation rose 1.39%, outperforming the Taiex’s gains of 1.01%.
Hon Hai Precision Industry, known internationally as Foxconn, rose 0.5%.
Furthermore, South Korean Samsung Electronics, which also supplies chips to Nvidia for some of its graphics cards, saw its stock price increase by 0.69%.
7 hours ago
South Korean producer prices slow after two consecutive months of acceleration
South Korea’s producer price index climbed 0.8 percent year-on-year in October, a slower growth rate compared with the 1.3 percent growth seen the previous month.
On a monthly basis, producer prices fell 0.1%, the first time in three months that the PPI declined month-on-month. This drop is mainly due to a 5.5% drop in the prices of agricultural, forestry and marine products.
The PPI measures monthly changes in the prices of goods shipped by industrial producers in the domestic market.
-Lim Hui Jie
7 hours ago
Stocks Make Some of the Biggest Moves After Hours
Here are some of the stocks moving amid extended negotiations.
Agilent Technologies – Shares of the laboratory supplies company rose nearly 7% after beating Wall Street estimates for fourth-quarter revenue and net income. Agilent reported adjusted revenue of $1.38 per share on revenue of $1.69 billion, while analysts surveyed by LSEG forecast adjusted revenue of 1.34 and 1 .67 billion dollars.
Keysight Technology — Electronics stock rose about 3% after beating earnings estimates. The company reported adjusted revenue of $1.99 per share of $1.31 billion, while analysts polled by FactSet forecast adjusted revenue of $1.87 per share and 1.30 billion dollars.
8 hours ago
Opening of stock futures little changed
Stock futures were little changed Monday, following strong gains in technology companies Nvidia and Microsoft that helped lift the S&P 500.
Futures contracts tied to the Dow Jones Industrial Average slipped 5 points, or 0.01%. S&P 500 and Nasdaq 100 futures were hovering near the flat line.