Market Pulse - Asia
Hackers linked to Beijing targeted Covid-19 vaccine firm Moderna
Hackers linked to the Chinese governmenT targeted US biotech company Moderna which is currently focusing on developing a Covid-19 vaccine, with the aim of stealing valuable data.
Roman Abramovich sells stake in Highland Gold
A group of investors in Highland Gold, including Russian billionaire Roman Abramovich, announced on Friday the sale of a roughly 40% stake in the company's share capital to Fortiana Holdings at a valuation of approximately $1. 1bn.
Asia report: Markets mixed as China PMI beats forecasts
Markets in Asia finished in a mixed state on Friday, with equities in Japan suffering a serious slide, as investors digested the worst ever contraction in the United States economy, according to fresh data released overnight.
Official China factory PMI edges past forecasts in June
Chinese manufacturing sector activity recorded a fifth consecutive month of recovery, the results of a key survey showed.
Ultra Electronics shares break out after firm signals 'very good visibility'
Ultra Electronics resumed dividend payments after recovering "very good visibility" for the back half of the year.
Orange to reduce reliance on Huawei tech in Europe
French telecoms operator Orange said it would be reducing its reliance on Huawei tech in Europe.
Asia report: Markets mixed as investors digest Fed decision
Markets in Asia finished in a mixed state on Thursday, as investors digested the latest policy statement from the US Federal Reserve overnight, which saw the US central bank stand pat on interest rates.
Huawei overtakes Samsung as top smartphone seller
Huawei overtook Samsung and Apple as the biggest smartphone seller in the world during the second quarter for the first time ever.
Canaccord Genuity says 'buy' Petropavlovsk, despite boardroom battle
Analysts at Canaccord Genuity stuck to their 'buy' recommendation for shares of Petropavlovsk despite what some market commentary said was an ongoing board battle for control of the Russian gold miner.
Devro sees strong 1H sales in emerging markets, pays out 2019 dividend
Devro saw first half sales dip as the Covid-19 pandemic dented its sales momentum, offset by a solid performance in emerging markets that led the company's board to go ahead and pay out the final dividend for 2019 on top of its reular interim payment.
Asia report: Markets mixed as investors await Fed decision
Markets in Asia finished in a mixed state on Wednesday, with equities in China leading the gains, as investors held their collective breath ahead of the Federal Reserve interest rate decision later in the global day.
Petropavlovsk may delay 1H results after PwC declines appointment as auditor
Auditors PwC declined Petropavlovsk's decision to appoint them as the company's new auditors following the recent multiple changes to the Russian gold miner's board.
Asia report: Markets mixed as gold pushes new record highs
Markets in Asia finished in a mixed state on Tuesday, as gold prices dipped from record highs late in the session, amid ongoing Covid-19 concerns and geopolitical tensions between the US and China.
Asia report: Markets finish mixed as US-China tensions linger
Markets in Asia finished in a mixed state on Monday, as gold prices reached a new record high amid continuing tensions between the United States and China.
Asia report: Markets finish weaker as geopolitical tensions worsen
Markets in Asia finished in the red on Friday, with bourses in China extending their losses significantly, as tensions between Washington and Beijing worsened further.
Asia report: Markets mixed as US-China tensions rise
Markets in Asia finished in a mixed state on Thursday, as investors held their breath around heightened geopolitical tensions between the United States and China.
Fresnillo shares surge as the price of silver jumps
Shares of precious metals miners were flying on Wednesday as the US dollar weakened and, arguably, as investors sought out safe havens in the wake of another flare-up in US-China diplomatic tensions.
Asia report: Most markets weaker after EU stimulus deal
Most markets in Asia finished weaker on Wednesday, with the exception of equities in mainland China, as investors pored through the details of the Covid-19 stimulus package approved by the European Commission on Tuesday.
Asia report: Markets finish higher on fresh vaccine hopes
Markets in Asia finished higher across the board on Tuesday, as investors reacted to the news that the European Commission would use financial markets to raise €750bn for its Covid-19 response.
CanSino Biologics successfully completes second phase clinical trial
The global race to develop a vaccine against the novel coronavirus intensified at the start of the week as the Chinese company working on that country's front-runner announced the successful completion of a second-phase trial.