Unitree Robotics shares set to surge over 600% in Shanghai market debut
Unitree Robotics is poised for a blockbuster Shanghai debut, with shares indicated to open above 1,100 yuan, a 600% premium to its IPO price.
Business
Dollar Holds Near Lows as Treasury Yields Cool; Fed Minutes in Focus
The dollar drifted near multi-month lows as Treasury yields eased. Investors await Fed minutes and UK inflation data for rate clues.
Nikkei Tumbles 3% as Global Tech Selloff Deepens
Japan's Nikkei 225 fell 2.97% on Wednesday, tracking a global tech selloff sparked by rising bond yields and a 5% plunge in the Philadelphia SE Semiconductor Index.
Santos first-half profit beats estimates, sees output jump in H2
Santos beat profit estimates in H1, with H2 output seen 20-30% higher as Barossa and Pikka ramp up.
Gold Prices Firm as Markets Await Fed Minutes, Oil Gains
Gold prices edged up in early Asian trade as Treasury yields eased, with focus on Fed minutes and rising oil prices.
JBS renews push to take Pilgrim's Pride private in all-stock offer
JBS has made a fresh, non-binding proposal to buy out Pilgrim's Pride minority shareholders via a stock swap, seeking full control and a delisting.
Rusal Posts $196 Million First-Half Profit as Aluminium Prices Rebound
Rusal swung to a $196 million first-half adjusted net profit, reversing a year-ago loss, as aluminium prices and premiums surged.
Singapore Court Freezes $75M in Crypto After Mistaken Transfer Dispute
Singapore's SICC has frozen about S$75 million in crypto assets following a dispute over mistaken transfers between a major exchange and a customer.
Whitehaven Coal Annual Profit Slips 29%, Unveils Share Buyback
Whitehaven Coal's annual profit fell 29% to A$227 million, missing estimates, as coal prices weakened. Shares dropped over 4% despite a new buyback plan.
US Army picks Hanwha for new mobile artillery cannon prototypes
US Army selects Hanwha Defense USA for Mobile Tactical Cannon prototypes, a potential replacement for M777 towed howitzers.
Bankruptcy Court Pushes Back Hearing on Google's Spirit Data Deal
A U.S. bankruptcy court delayed a hearing on Google's $10 million purchase of Spirit Airlines' internal data after a union objected.
Cerebras unveils CS-4 server to accelerate AI chatbot responses
Cerebras Systems launches CS-4, a server rack with three large chips, to speed AI chatbot inference and ease deployment.
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.
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%.
Dollar Stays Soft as Rate Hike Bets Fade, Middle East Tensions Simmer
The dollar remains weak against major peers as traders trim Fed hike bets, while Middle East tensions and bond supply concerns keep yields elevated.
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.
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.
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.
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.