KOSPI jumps 2.7% to one-month high as chip stocks rally on AI demand
South Korean shares hit a one-month high, led by chipmakers on AI demand optimism, with the KOSPI rising 2.73%.
Business
TPG Global Moves to Acquire EQT Holdings in All-Cash Deal
TPG Global proposes A$24.55 cash per share to acquire 100% of EQT Holdings, seeking exclusivity for due diligence.
CSL shares jump 18% as annual profit beats forecasts, buyback announced
CSL's underlying profit beat estimates, shares surged 18%, and a A$1.1 billion buyback was announced.
Oil and Bond Yields Rise as US-Iran Truce Lapses, Weighing on Asian Stocks
Asian markets were mixed on Tuesday as the US-Iran truce expired, lifting oil prices and bond yields while capping stock gains.
BHP, CSL rally lifts Australian shares off four-day slide
Australian shares rose on Tuesday, led by BHP and CSL, snapping a four-day losing streak despite bank stock declines.
TPG Global proposes A$657.8 million takeover of EQT Holdings
TPG Global's non-binding A$24.55/share bid values EQT at A$657.8 million, pending due diligence and board recommendation.
Citadel Securities asks SEC to rethink plan to scrap order protection rule
Citadel Securities has urged the SEC to reconsider its proposal to scrap the order protection rule, citing risks to retail investors and market liquidity.
Gold Extends Rally as Rate-Hike Fears Fade, Fed Minutes in Focus
Gold rose for a third straight session as expectations of a September rate hike faded, with the dollar subdued and investors awaiting Fed minutes.
Japan's 10-Year Bond Yield Touches Highest Level Since 1996
Japan's 10-year government bond yield rose to 2.945%, its highest since September 1996, on global inflation worries and BOJ tightening expectations.
BHP Posts Record Copper-Driven Profit, Lifts Dividend to Four-Year High
BHP's FY26 profit rose 30% to $13.2B, beating estimates, driven by record copper prices and a higher dividend.
Japan's 10-Year Bond Yield Hits 30-Year High on Inflation and BOJ Bets
Japan's 10-year JGB yield rose to 2.925%, a 30-year high, as global bond yields climb and BOJ policy uncertainty persists.
First Philippine Holdings turns down KKR's bid for First Gen stake
First Philippine Holdings rejected KKR's proposal to buy an 8.43% stake in First Gen, citing undervaluation. The deal would have triggered a mandatory tender offer.
Australian shares slip as NAB, JB Hi-Fi results weigh on market
Australian shares fell 0.3% as NAB and JB Hi-Fi earnings disappointed, while miners and gold stocks rose.
JB Hi-Fi shares slide 13.8% as Australian sales dip at start of FY27
JB Hi-Fi's Australian sales fell 0.5% in July, sending shares down 13.8% and raising concerns about earnings downgrades.
Asian Markets Cautious as Gulf Conflict Keeps Oil Elevated
Asian shares were flat on Monday as investors monitored oil prices, which remain elevated due to the ongoing Gulf conflict and stalled peace efforts.
Wheat climbs for fourth session as Black Sea tensions and US dryness weigh
Chicago wheat rose for a fourth session on Black Sea export risks and US Plains dryness, while soybeans and corn also gained.
Gold edges up as soft dollar, weak data dim rate-hike bets
Gold prices ticked higher on Monday, supported by a softer dollar and cooling expectations of a US rate hike next month.
China's Burger Boom Draws Hotpot Chains, Coffee Brands Into the Fray
China's burger market is heating up as Pizza Hut, Haidilao, and coffee chain M Stand launch burger-focused formats, with the segment projected to grow 8.7% annually through 2035.
BlueScope annual profit more than doubles on US steel strength
BlueScope's annual profit more than doubled, beating estimates, driven by strong US steel spreads and Southeast Asian momentum.
Europe's Heatwaves Widen Insurance Gap as Business Losses Mount
Europe's heatwaves are causing billions in losses, but most business interruption insurance doesn't cover extreme heat, widening a protection gap.