Swedish diagnostics firm Devyser reported a 10.7% year-over-year decline in second-quarter net sales, attributing the drop to a temporary inventory reduction by its largest distributor. The company expects the impact to persist through 2026 before normalizing.
South Korean contract drugmaker Samsung Biologics has agreed to buy Swiss firm PolyPeptide Group in a $1.8 billion all-cash deal, expanding its footprint into the high-demand market for peptide-based medicines like GLP-1 obesity treatments.
European chemical companies are set to report Q2 earnings likely bolstered by temporary supply disruptions, but investors are focused on whether this can offset weak underlying demand and competition from Asia.
South Korea’s KOSPI index fell sharply on Monday as the market caught up with a global tech rout after a long weekend, with major memory chipmakers Samsung and SK Hynix leading the decline amid concerns over AI-driven valuations.
Samsung Biologics stock fell after the company announced an all-cash offer to acquire Swiss peptide manufacturer PolyPeptide Group for approximately CHF 1.46 billion, a strategic move to enter the high-growth GLP-1 drug market.
South Korea announced a plan to allow foreign investors to trade the won directly through registered overseas firms starting in January 2027. The move is a significant step toward full currency convertibility and aims to deepen offshore demand for the won.
Shares of Chinese technology and AI companies listed in Hong Kong surged Monday, driven by the launch of a new model from Moonshot AI and reports of potential IPOs for the firm and rival DeepSeek.
The Farnborough Airshow has kicked off with a heavy emphasis on defense technology amid rising global conflicts, while major planemakers Boeing and Airbus face tempered expectations for new commercial aircraft orders due to ongoing production challenges.
Shares of the premium Chinese liquor maker jumped over 5% after the company raised prices for its flagship product, signaling to investors that consumer demand is strengthening.
