HONG KONG/SINGAPORE, Feb 9 (Reuters) - Shares of China's Montage Technology are set to open 57.2% higher on its Hong Kong trading debut on Monday, after the world's biggest memory interconnect chip supplier raised HK$7.04 billion ($900 million) in a share sale.
Its shares are set to open at HK$168 each versus its offer price of HK$106.89.
($1 = 7.8142 Hong Kong dollars)
(Reporting by Donny Kwok in... (continue reading...)
SYDNEY, Feb 9 (Reuters) - Australian household spending fell in December as consumers drew back after splurging on year-end sales events, though sales volumes grew at a solid pace, underlining the central bank's decision to raise rates to rein in inflation just last week.
Data from the Australian Bureau of Statistics showed on Monday its monthly household spending indicator (MHSI) fell 0.4% in December to A$78.86 billion ($55.2 billion). That... (continue reading...)
By Krishna N. Das and Tora Agarwala
DHAKA, Feb 9 (Reuters) - For years under former Prime Minister Sheikh Hasina, Bangladesh’s opposition had little presence on the streets during elections, either boycotting polls or being sidelined by mass arrests of senior leaders. Now, ahead of Thursday’s vote, the roles have reversed.
Hasina’s Awami League is banned, but many young people who helped oust her government in a 2024 uprising say the... (continue reading...)
By Wayne Cole
SYDNEY, Feb 9 (Reuters) - Asian markets leapt higher on Monday as a resounding win for Japanese Prime Minister Sanae Takaichi whetted appetites for more reflationary policies, while there was widespread investor relief at Wall Street's last gasp rebound.
A rally in chip stocks and bargain hunting in beaten-down momentum plays including silver had helped shore up sentiment, as did wagers of more rate cuts from the U.S.... (continue reading...)
TOKYO, Feb 9 (Reuters) - Japan's Nikkei share average surged to a record high on Monday, surpassing the 56,000 level for the first time in early trading after Prime Minister Sanae Takaichi's landslide victory in Sunday's general election.
The Nikkei 225 Index rose 3.4% to 56,083.14, while the broader Topix climbed 2.5% to 3,792.05.
The largest percentage gainers in the index were Aozora Bank, up 2.7%, followed by Tokyo Gas... (continue reading...)
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