Japan's Banks Pull Staff From Middle East After US Strikes Iran
Mitsubishi UFJ Financial Group Inc. has started to pull staff out of locations including Dubai, and halted unnecessary travel in and out of the region, a spokesperson said Monday.
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CNBC
10 minutes ago
- CNBC
Asia-Pacific stocks set to slip as investors weigh tariffs, OPEC+ output hike
Asia-Pacific markets are poised to open lower Monday as investors assess the latest Trump administration's new round of tariffs and jobs data report, which dragged Wall Street lower and fueled bets on a Fed rate cut next month. Investors will also be watching oil prices after OPEC+ concluded a slew of major output hikes. Good morning from Singapore. Investors are continuing to assess the U.S.'s latest tariffs which have now raised concerns over mounting inflation levels and an economic slowdown. They will also be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day in September. Japan's benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 39,965, while its counterpart in Osaka last traded at 39,900, against the index's Monday close of 40,799.60. Futures for Hong Kong's Hang Seng index stood at 24,282 pointing to a weaker open compared with the HSI's last close of 24,507.81. Australia's S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,587, compared with its last close of 8,662. — Amala Balakrishner Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output. Dado Ruvic | Reuters OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia. OPEC+ cited a healthy economy and low stocks as reasons behind its decision. "Given fairly strong oil prices at around $70, it does give OPEC+ some confidence about market fundamentals," said Amrita Sen, co-founder of Energy Aspects, adding that the market structure was also indicating tight stocks. In early Asian trade on Monday, Brent crude futures fell 43 cents, or 0.62%, to $69.24 a barrel by 2218 GMT, while U.S. West Texas Intermediate crude was at $66.94 a barrel, down 39 cents, or 0.58%, after both contracts closed about $2 a barrel lower on Friday. Read more here. — Reuters Stocks closed lower on Friday, after a weaker-than-expected jobs report worried investors that the economy is meaningfully slowing down. The S&P 500 slipped 1.6% to close 6,238.01, while the Nasdaq Composite pulled back 2.24% 20,650.13. The Dow Jones Industrial Average fell 542.40 points, or 1.23%, to finish the session 43,588.58. — Brian Evans
Bloomberg
10 minutes ago
- Bloomberg
China May Need to Trim Record Copper Output on Shortage of Ore
China's copper smelters could be at a turning point, as a persistent shortage of ore forces them to trim production from record levels — just as the government ramps up its campaign against overcapacity across industries. Research firm Shanghai Metals Market projects output this month at 1.168 million tons, 0.5% less than its peak in July, according to its monthly survey of smelters. A further drop is forecast for September.
Yahoo
38 minutes ago
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3 Asian Dividend Stocks To Consider With Up To 8.4% Yield
As global markets face challenges from renewed tariffs and economic slowdowns, Asian markets are also navigating complex dynamics, with Japan's stock indices experiencing declines amid trade tensions and China's economy showing signs of slower growth. In this environment, dividend stocks can offer investors a measure of stability through regular income streams, making them an attractive consideration for those looking to balance risk with potential returns. Top 10 Dividend Stocks In Asia Name Dividend Yield Dividend Rating Zenrin (TSE:9474) 3.83% ★★★★★★ Wuliangye YibinLtd (SZSE:000858) 5.24% ★★★★★★ NCD (TSE:4783) 4.00% ★★★★★★ Japan Excellent (TSE:8987) 4.11% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.55% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 4.02% ★★★★★★ GakkyushaLtd (TSE:9769) 4.38% ★★★★★★ DoshishaLtd (TSE:7483) 3.86% ★★★★★★ Daicel (TSE:4202) 4.49% ★★★★★★ CAC Holdings (TSE:4725) 4.81% ★★★★★★ Click here to see the full list of 1150 stocks from our Top Asian Dividend Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. CTCI Advanced Systems Simply Wall St Dividend Rating: ★★★★☆☆ Overview: CTCI Advanced Systems Inc., along with its subsidiaries, offers system integration services across the hydrocarbon, power, industry, transportation, and high technology sectors both in Taiwan and globally, with a market cap of NT$37.95 billion. Operations: CTCI Advanced Systems Inc. generates revenue from sales (NT$136.34 million), system integration (NT$1 billion), and project construction (NT$4.68 billion). Dividend Yield: 8.5% CTCI Advanced Systems recently announced a cash dividend of TWD 322.09 million, scheduled for payment on July 23, 2025. Despite offering an attractive yield in the top 25% of the Taiwan market, its dividends are not well covered by earnings due to a high payout ratio of over 100%. However, they are supported by a low cash payout ratio. The company's dividend history shows volatility and unreliability over the past decade. Click here to discover the nuances of CTCI Advanced Systems with our detailed analytical dividend report. In light of our recent valuation report, it seems possible that CTCI Advanced Systems is trading behind its estimated value. KurimotoLtd Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Kurimoto Ltd (TSE:5602) is a company that manufactures and sells ductile iron pipes, valves, industrial equipment and materials, and construction materials both in Japan and internationally, with a market cap of ¥95.80 billion. Operations: Kurimoto Ltd's revenue is derived from its Lifeline Business segment, which generated ¥62.34 billion, the Mechanical Systems segment with ¥31.16 billion, and the Industrial Construction Materials segment contributing ¥33.52 billion. Dividend Yield: 3.6% Kurimoto Ltd. recently revised its dividend forecast due to a share split, now expecting JPY 28.80 per share for the fiscal year ending March 31, 2026, down from JPY 144.00 but not indicating a substantive change. Despite historical stability and growth in dividends over the past decade, current payments are not well covered by free cash flows and earnings. The company's price-to-earnings ratio of 13.9x suggests reasonable valuation compared to the Japanese market average of 14.1x. Get an in-depth perspective on KurimotoLtd's performance by reading our dividend report here. The valuation report we've compiled suggests that KurimotoLtd's current price could be inflated. SpaceLtd Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Space Co., Ltd. (TSE:9622) operates in Japan, focusing on the planning, design, supervision, and construction of commercial facilities with a market cap of ¥32.07 billion. Operations: Space Co., Ltd. generates revenue through its expertise in the planning, design, supervision, and construction of commercial facilities across Japan. Dividend Yield: 4.1% SpaceLtd's dividend yield of 4.13% is competitive in Japan, but the company has a history of unreliable and volatile payments over its six-year dividend track record. Despite this, dividends are currently well-covered by earnings with a payout ratio of 45.2% and supported by cash flows at a 78% cash payout ratio. Trading slightly below estimated fair value, SpaceLtd has shown strong earnings growth of 31.8% in the past year, which may bolster future dividend stability. Delve into the full analysis dividend report here for a deeper understanding of SpaceLtd. Insights from our recent valuation report point to the potential undervaluation of SpaceLtd shares in the market. Next Steps Reveal the 1150 hidden gems among our Top Asian Dividend Stocks screener with a single click here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Ready For A Different Approach? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TPEX:5209 TSE:5602 and TSE:9622. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
