2 Hours Ago
Sunac shares surge as Chinese property developer says it’s met restructuring conditions
Shares of Sunac surged on Tuesday after the beleaguered Chinese property developer said it has started executing its plans to overhaul its debt after satisfying restructuring conditions.
Hong Kong-listed shares of Sunac jumped 18% to 2.75 Hong Kong dollars, trading at its highest level in two months.
The restructuring involves a full discharge and release of the Sunac’s existing debt in exchange for the issuance of the new notes.
— Shreyashi Sanyal
6 Hours Ago
Asia chip stocks see gains after tech rally on Wall Street
Shares of Taiwan Semiconductor Manufacturing Corporation were up 1.39%, outperforming the Taiex’s gains of 1.01%.
Hon Hai Precision Industry, known internationally as Foxconn, advanced 0.5%.
Separately, South Korea’s Samsung Electronics, which also supplies chips to Nvidia for some of its graphics cards, saw its share price inch up by 0.69%.
8 Hours Ago
South Korean producer prices slow after two straight months of acceleration
South Korea’s producer price index climbed 0.8% year-on-year in October, a slower rate of increase compared with the 1.3% growth seen in the month before.
On a monthly basis, producer prices fell 0.1%, the first time in three months that the PPI fell month-on-month. The decrease was led by a 5.5% decrease in prices of agricultural, forestry & marine products.
The PPI measures monthly variations in the prices of goods shipped by industrial producers within the domestic market.
— Lim Hui Jie
8 Hours Ago
Stocks making some of the biggest moves after hours
Here are some of the stocks making moves in extended trading.
Agilent Technologies — Stock in the laboratory supplies company added nearly 7% after beating Wall Street estimates on the top and bottom line in the fourth-quarter. Agilent reported an adjusted $1.38 per share on $1.69 billion in revenue, while analysts polled by LSEG forecast an adjusted $1.34 and $1.67 billion.
Keysight Technology — The electronics stock climbed roughly 3% after surpassing earnings estimates. The company reported an adjusted $1.99 per share on $1.31 billion in revenue, while analysts polled by FactSet forecast an adjusted $1.87 per share and $1.30 billion.
— Brian Evans
9 Hours Ago
Stock futures open little changed
Stock futures were little changed on Monday, following strong gains from tech firms Nvidia and Microsoft which helped lift the S&P 500.
Futures tied to the Dow Jones Industrial Average slipped 5 points, or 0.01%. S&P 500 futures and Nasdaq 100 futures hovered near the flatline.
— Brian Evans