Shares in the specialized products distributor jumped after the company raised its full-year guidance for the seventh consecutive time, citing strong third-quarter organic growth of 15%.
South Korean financial authorities are preparing new regulations for leveraged single-stock ETFs, citing concerns that the popular products have amplified volatility in major tech shares during a recent market selloff.
Sustained high fuel prices, driven by geopolitical conflict, are exposing financial vulnerabilities among some European airlines. Industry experts anticipate a potential wave of restructuring, takeovers, and bankruptcies as weaker carriers struggle with thin margins.
Australia's benchmark S&P/ASX 200 index closed virtually unchanged on Thursday, as significant weakness in the mining and resources sectors counteracted strong performances from companies like AMP and Rea Group.
Taiwan's benchmark stock index, the Taiwan Weighted, gained 2.00% on Thursday, propelled by strong performance in the oil, gas, plastic, and chemical sectors.
Swedish industrial group Indutrade AB reported a 23% jump in second-quarter net profit, supported by a record order intake and improved operating margins amid strengthening industrial demand.
The French catering group raised its organic revenue growth target for 2027, signaling a strategic pivot to improve performance in the United States, its single largest market.
PayPal shares soared following a report of a $53 billion acquisition bid, while Apple gained on AI news. In contrast, the semiconductor sector, led by Micron, faced a broad sell-off.
Morgan Stanley has identified China Resources Land, C&D International, and Seazen Group as three property developers better positioned to navigate the sector's persistent weakness, citing their relative financial strength and attractive risk-reward profiles.
