JPMorgan has placed Prudential PLC on a Positive Catalyst Watch, arguing that investor pessimism regarding new Chinese investment rules impacting the insurer's key Hong Kong business is excessive.
The Irish building materials distributor reported a 6.7% increase in first-half revenue to £1.34 billion, driven by strong performance in Ireland and Iberia, leading to a 2% rise in its share price.
Gold is consolidating within a tight range as it struggles to overcome significant technical resistance at the $4,160 level. According to a market analysis, the precious metal remains in a bearish trend on the 4-hour chart, with key support holding near the $3,955 zone.
Japan's benchmark Nikkei 225 index fell 1.76% on Monday, driven by widespread losses in sectors like transport and communications, even as some retail stocks bucked the negative trend.
Government bond yields in the eurozone remained elevated after Iran's closure of the Strait of Hormuz sent oil prices soaring, raising concerns about persistent inflation and the European Central Bank's policy path.
SK Hynix experienced its largest single-day decline on record, driven by a convergence of post-IPO profit-taking, concerns over semiconductor earnings, and a broad market sell-off in South Korea triggered by geopolitical tensions.
Shares of the Norwegian defense and technology firm slid nearly 6% after its second-quarter results were released against a backdrop of already weak analyst expectations and a recent downgrade.
The automaker sold nearly 1.6 million vehicles in the second quarter, with a 38% surge in North American shipments offsetting declines in the Middle East and South America.
The automaker reported preliminary sales of nearly 1.6 million vehicles for the second quarter, with a 38% surge in North American shipments offsetting declines in other key regions.
