The world's largest EV battery maker announced a plan to repurchase up to 40 billion yuan ($5.6 billion) of its shares, boosting investor confidence after reporting a 42% surge in first-half net profit.
Most Asian equity markets gained on Monday, buoyed by a retreat in oil prices, as investors braced for a pivotal week featuring a U.S. Federal Reserve policy decision and earnings from major technology firms. A Chinese semiconductor firm soared over 470% in its market debut.
South Korean internet firm Naver saw its shares jump nearly 8% after announcing a $1 billion strategic investment from Nvidia to finance the expansion of a joint artificial intelligence data center.
The Chinese memory chipmaker soared in its first day of trading after raising $8.6 billion in Asia's largest IPO of 2026, signaling strong investor confidence in China's semiconductor ambitions.
Swedish private equity firm EQT has increased its non-binding offer for Australia's Perpetual Ltd. to A$22.50 per share, marking its third attempt this month to acquire the financial services group.
U.S. equity futures advanced to start the week after a pause in U.S.-Iran hostilities sent oil prices sharply lower. Investors are now turning their attention to a critical week of megacap tech earnings and a Federal Reserve policy decision.
A sharp drop in crude oil prices on signs of a potential pause in Middle East hostilities has eased inflation fears, boosting global equity and bond markets ahead of a pivotal week of central bank meetings and corporate earnings.
ChangXin Memory Technologies is set for its Shanghai market debut after raising $8.6 billion in Asia's largest IPO this year, a key test for investor appetite in China's tech sector amid market volatility.
Nvidia is reportedly discussing a massive $250 billion financial guarantee to back an OpenAI data center project in Ohio. The deal, if finalized, would be one of the largest financing arrangements in the AI industry, aimed at a facility that could ultimately cost over $500 billion.
