Asia Stocks News and Headlines
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Every morning
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Tuesday recap
The Bank of Thailand’s Monetary Policy Committee is expected to leave its policy rate unchanged at 1.25% during Wednesday’s meeting, buoyed by a stronger‑than‑expected 2.5% year‑on‑year GDP growth in Q4 2025 and a clearer political environment after the election. Economists from CIMB Thai Bank and Kasikorn Research Center cite the rebound in economic activity and reduced policy uncertainty as key reasons for maintaining the rate. Both think‑tanks anticipate a single rate cut to 1.0% around the June meeting, once first‑quarter data are assessed. The outlook for 2026 suggests a gradual recovery if the new government acts swiftly, though lending is projected to contract for a second year.
The Bank of Thailand raised its 2026 GDP growth projection to 1.9%, up from 1.5%, after a stronger‑than‑expected fourth‑quarter performance. Governor Vitai Ratanakorn stressed that tighter coordination between fiscal stimulus and monetary easing is essential to move the economy toward...
Central Pattana (CPN) is allocating 7 billion baht to expand its Central Phuket mixed‑use complex, boosting the gross building area from roughly 300,000 to 500,000 sq m and lifting total project value above 26 billion baht. The plan doubles the luxury zone, adds a...
Philex Mining Corp posted a net income of P929.69 million in 2025, a 14.7% rise year‑over‑year, driven by record‑high gold and copper prices and a favorable peso exchange rate. Revenues climbed 8.2% to P8.85 billion, while core net income surged 43.6% to...
The Philippine Securities and Exchange Commission issued Memorandum Circular No. 11, Series of 2026, revising public‑ownership requirements for IPOs. The new tiered framework reduces the minimum float to 33 percent for firms under P500 million and as low as 15 percent for companies above P50 billion, with a...
The Ministry of Railways has launched an offer‑for‑sale (OFS) to off‑load up to 4 % of Indian Railway Finance Corporation (IRFC) equity, equivalent to 26.13 crore shares, with a green‑shoe option for an additional equal tranche. The floor price is fixed at...
Schaeffler India announced a Rs 35 per share dividend for FY 25, payable within 30 days of its AGM on 30 April 2026. The company posted a 36% jump in Q4 net profit to Rs 322 crore and revenue rose 28% YoY to Rs 2,724 crore. Profit after...
ABB India posted a 6% year‑on‑year revenue increase to ₹3,560 crore in Q4‑CY25, but adjusted EBITDA margin slipped 230 basis points to 17.2% amid higher commodity costs and adverse mix. Order inflows surged 52% YoY to ₹4,090 crore, pushing the backlog to...
Emkay Global upgraded Steel Authority of India Ltd (SAIL) to a Buy, raising the target price to ₹200 from ₹175 while the stock trades around ₹160.25. The firm projects EBITDA per tonne of ₹7,000‑7,500 over the next two quarters, up...
Sebi chair Tuhin Kanta Pandey announced a sweeping review of portfolio‑management‑services (PMS) regulations, citing the sector’s Rs 10.5 lakh‑crore asset base and 17% CAGR growth. The draft overhaul will prioritize investor suitability, governance, and technology, with a public consultation slated before the...
India's benchmark indices rallied after the U.S. Supreme Court struck down Trump’s global tariffs, but the Nifty stayed confined between the 21‑EMA (25,641) and the 50‑DMA (25,737). Technical analysts highlighted elevated VIX and indecisive RSI, suggesting a sideways short‑term range....
Bharti Airtel announced a ₹20,000 crore capital infusion into its non‑banking financial company arm, Airtel Money, to accelerate its digital finance push. The funding is expected to expand the company’s payments, credit and savings offerings across its telecom customer base. Following...
The U.S. Supreme Court invalidated most of President Trump’s tariffs enacted under the International Emergency Economic Powers Act, delivering a sharp policy reversal. Asian equity markets responded positively, with technology and e‑commerce stocks leading gains and Hong Kong’s Hang Seng up...
The Philippine Stock Exchange Index rose to 6,488.51, gaining 0.36% as earnings releases spurred buying in industrial, mining and oil stocks. Turnover hovered around P6.12 billion, reflecting measured participation despite subdued volume from global tariff worries. Market breadth stayed positive with...
Taiwan's Taiex index closed modestly higher on Feb. 23, up 0.5% to 33,773 points, as investors weighed renewed U.S. tariff concerns following President Trump’s new global duties. The market’s early surge, driven by electronics, was trimmed by profit‑taking in TSMC,...
The Reserve Bank of India relies on non‑deliverable forwards (NDFs) to support the rupee without draining reserves, but $7 billion of contracts are set to mature this week, creating rollover pressure. RBI’s total forward book stands at $62.3 billion, a size that...
The U.S. Supreme Court ruled that the majority of tariffs imposed by President Donald Trump in 2025 were illegal, prompting the administration to replace them with a uniform 15% levy on all goods entering the United States. Customs officials halted...
India’s equity markets opened on a positive note on Monday, with the GIFT Nifty jumping 0.73% to 25,753.50, signaling a gap‑up for the domestic session. The Nifty 50 climbed 116.90 points to 25,571.25 and the Sensex added 316.57 points, while the...
SP New Energy Corp (SPNEC) plans a re‑IPO by 2027 after merging its assets with Meralco’s renewable arm MGreen. The move follows the successful energisation of the MTerra Solar project, a 3,500‑MW solar farm paired with a 4,500‑MWh battery system....
The U.S. Supreme Court nullified President Trump’s reciprocal tariffs imposed under the International Emergency Economic Powers Act, prompting the administration to replace them with a blanket 15% tariff under Section 122. This shift lowers the average U.S. tariff rate to about...
Indonesia must orchestrate a record‑size share sale to lift the free‑float of 267 listed firms to at least 15%, up from the current 7.5% floor. The Indonesia Stock Exchange estimates the required issuance will total about 187 trillion rupiah (approximately S$14 billion),...
Newgen Software and Netweb Technologies posted strong weekly gains, rising 16% and 17% respectively, placing them among the top performers in the Nifty 500. Both stocks saw delivery volumes spike dramatically—Newgen’s volume up nearly nine‑fold and Netweb’s three‑fold versus their...
Sumeet Bagadia of Choice Broking forecasts the Indian market to trade sideways to modest gains, keeping the Nifty 50 within a 25,400‑25,900 band until a breakout above 25,888 triggers a stronger uptrend. He notes that Bank Nifty remains firmly above...
Foreign institutional investors turned net buyers in February 2026, channeling roughly Rs 16,912 crore into Indian equities. This marks a sharp reversal from January’s Rs 35,962 crore outflows and a year‑to‑date net outflow of Rs 19,050 crore. The buying was uneven across sectors, with IT stocks...
The U.S. Supreme Court struck down President Trump’s sweeping Section 232 tariffs, removing the 18% duty on many Indian exports. Hours later Trump announced a 10% global tariff on all imports, effective immediately. Indian exporters in gems, textiles, pharma and auto...
The Bangko Sentral ng Pilipinas trimmed its policy rate by 25 basis points to 4.25%, marking a cumulative 225‑basis‑point reduction since August 2024. The British Chamber of Commerce Philippines welcomed the move, arguing it will help revive economic growth and...
India’s equity markets closed higher on Feb 21, with the Nifty up 0.46% to 25,571 and the Sensex up 0.38% to 82,815. Analyst Sudeep Shah sees the Nifty trapped in a tight 512‑point range, likely to trade sideways but could open...
Philippine banks posted a record P403.1 billion net profit in 2025, up 3% year‑over‑year and the highest since 2008. Strong net interest income, which jumped 11% to P1.15 trillion, and a 10% rise in non‑interest income drove the earnings surge, despite a...
Thai shares rallied toward the 1,500‑point psychological barrier, driven by a catch‑up valuation buying pattern and strong dividend announcements. The SET index’s price‑earnings multiple sits about 33 % below the MSCI All‑Country World Index, widening the gap between blue‑chip and mid‑cap...
AREIT Inc. posted a net income of P9.4 billion in 2025, up 28% year‑over‑year, while revenue rose 26% to P13 billion. The growth was driven by income from recent acquisitions in Cebu, Davao and Cagayan de Oro, adding to stable earnings from its existing...
Gold exchange‑traded funds saw a sharp $3.87 billion outflow in the week ending Feb 6, before a modest $2.34 billion inflow the following week, leaving assets under management at $664.2 billion. The swing reflects investors reacting to the Fed‑chair nominee Kevin Warsh’s hawkish stance...
The Indian government has set an ₹80,000‑crore dis‑investment target for the next fiscal, sparking a rally in public‑sector undertaking (PSU) stocks and lifting equity markets. The plan combines strategic stake sales and asset monetisation to generate fiscal inflows while unlocking...
Timken India reported a 14% YoY rise in Q3‑FY26 revenue to ₹764.3 crore, driven by strong performance across all segments. The Process segment led growth, jumping 24% YoY to ₹167 crore despite temporary cost pressures from the Bharuch plant ramp‑up. The broker...
Broker Badri Narayanan rates Aadhar Housing a Buy, setting a target price of ₹650 versus the current ₹479.40. The firm projects a 20‑22% medium‑term AUM growth, aiming for a ₹50,000 crore portfolio within three years. A dual‑market model—urban “A” markets for...
Samsung Electronics, Korean carrier KT and test‑equipment firm Keysight reported a record 3 Gbps downlink in the 7 GHz band, a core frequency earmarked for 6G. The speed was achieved using a prototype base station with massive MIMO architecture that transmitted eight...
CapitaLand Investment reported a S$142 million H2 2025 loss, largely due to a drag from its China portfolio, while teasing a possible merger with Mapletree Investments. The combined entity could command roughly S$200 billion in assets, creating a headline‑grabbing real‑estate behemoth. However, the...
Vedanta Ltd. is trading at a discount to its aluminium peers, and Kotak Securities believes the company is well positioned to benefit from a strong aluminium price environment. Aluminium prices slipped to $3,030 per tonne, pressured by a firmer US...
Macquarie has highlighted two key risks in PhonePe’s upcoming IPO: elevated Employee Stock Ownership Plan (ESOP) expenses that compress EBITDA margins, and a heavy reliance on a few revenue streams that could be hit by regulatory shifts. The broker estimates...
Devarsh Vakil, head of prime research at HDFC Securities, says Indian equities are showing a broader base for upside after rebounding from the February 2, 2026 lows. He highlights resilient corporate earnings and a particularly positive outlook for financial stocks....
The International Monetary Fund’s latest World Economic Outlook finds the Chinese yuan about 16 % below its equilibrium level. The IMF’s valuation combines a trade‑weighted basket of currencies with purchasing‑power‑parity calculations, reflecting China’s sizable trade surplus and capital‑control regime. It warns...
Thailand’s leading capital‑market players – the Government Pension Fund, the Association of Investment Management Companies and the Stock Exchange of Thailand – have launched a coordinated strategy to align listed firms with the country’s nationally determined contributions under the Paris...
Toyota Motor Corp's labor union lowered its annual bonus demand to 7.3 months' pay, a 0.3‑month reduction from last year’s record level, as the automaker faces higher U.S. tariffs. The union also called for wage hikes in the spring “shunto”...
Bank of Ayudhya (Krungsri) announced a plan to add 100 billion baht in SME loans over the next four years, lifting its total SME portfolio to 350 billion baht. The initiative pairs soft‑loan financing with ESG education and advisory, targeting high‑growth sectors...
First Gen Corp. will supply over 1,150 kW of geothermal electricity to Lyceum of the Philippines University’s satellite campuses in Batangas and Laguna. The deal, enabled by the retail aggregation program, lets the campuses pool demand to meet the 500‑kW threshold...
Kevin Hassett, former Trump economic adviser, blasted a New York Fed research paper that argued tariffs mainly hurt American consumers, calling it "shoddy scholarship" and the worst paper in Fed history. He urged that the authors be disciplined for their...
The Nifty 50 logged a third straight gain, breaking above the 25,500 support and 25,800 resistance as consumer, financial and metal stocks led the rally. Bank of India and Bank of Maharashtra each posted decisive breakouts from consolidation zones, prompting...
Domestic Institutional Investors (DIIs) trimmed their stakes in nine NSE large‑cap stocks during the December 2025 quarter, marking a quarter‑on‑quarter decline across the board. Bharat Petroleum’s DII share fell to 19.99% from 22.24%, the steepest drop, while State Bank of India’s...
Ipca Laboratories posted a robust 19% year‑on‑year EBITDA increase to ₹530 crore, surpassing broker estimates, while revenue rose 6.6% to ₹2,400 crore. Domestic formulation sales grew 12% and export formulation climbed 17%, offset by flat API sales overall but a 26% rebound...
MM Forgings posted a Q3FY26 EBITDA of ₹71.6 crore, a 2% YoY decline, while revenue rose 11% to ₹405 crore, beating estimates. Domestic sales grew 14% and exports 7%, reflecting stronger overseas demand. The broker retains a BUY rating with a revised...
The Indian rupee edged higher, closing at a provisional 90.67 per U.S. dollar, up five paise on the day. The modest gain was driven by fresh foreign fund inflows and a buoyant domestic equity market, which saw the Sensex climb...
