Swedish lighting firm Fagerhult reported a 6.8% rise in second-quarter sales, exceeding analyst forecasts. However, the company's adjusted EBITA margin fell to 5.7% from 7.4% due to an unfavorable product mix.
The electronics component maker's shares climbed to 150.67 CNY after it projected a first-half net profit increase of up to 270%, citing strong demand from AI and other high-tech sectors.
New UK Prime Minister Andy Burnham is set to announce his first measures to address the cost-of-living crisis, a move that is being closely watched by markets concerned about the government's fiscal plans.
Shares of Chinese semiconductor and AI companies rallied after a report that startup Z.AI built a large data center using only domestically produced chips, boosting hopes for the country's tech self-sufficiency amid U.S. sanctions.
South Korea's benchmark KOSPI index posted a strong recovery, driven by a rebound in major semiconductor stocks like Samsung and SK Hynix. The move comes as analysts at Morgan Stanley suggest the market's recent sharp correction may be approaching its bottom.
The mobile gaming company reported a 10% year-over-year increase in adjusted EBITDA, exceeding analyst expectations, though net sales fell slightly short of consensus.
Shares in the Hong Kong-listed paper producer soared after it projected a significant increase in first-half net profit, citing expanding margins and a cyclical recovery in the packaging paper market.
The Swedish logistics property company reversed a prior-year loss, reporting a SEK 141 million profit for the second quarter, supported by a 19% rise in rental income and new property acquisitions.
The tech giant may be required to post over $7 billion in security for a new data center after a Wisconsin regulator upheld strict credit rules, a move that could add significant costs to its AI expansion plans.
