Financial Wire

地缘政治和北京监管政策变化提振亚洲股市。

-- 周一,亚洲股市普遍上涨,交易员们正在权衡伊朗和华盛顿就波斯湾问题进行的谈判结果,以及北京上周五晚间发布的证券业新规。 香港、上海和东京股市收涨,其他大多数地区性交易所也同样如此。 在日本,日经225指数高开,最终收涨0.6%,交易员们正在评估本周在巴基斯坦举行的美伊谈判前景。 日经225指数上涨348.99点,收于58,824.89点,上涨个股数量超过下跌个股,比例为123比98。 瑞萨电子领涨,上涨6.4%,而住友制药下跌5.9%。 在香港,恒生指数开盘走低,随后收涨,最终收涨0.8%,投资者对中国证券业新规的接受度较高。 恒生指数上涨200.74点,收于26,361.07点,上涨个股数量超过下跌个股,比例为61比28。恒生科技指数当日上涨0.5%,内地地产指数上涨0.3%。 信义光能领涨,涨幅达6.2%,而中国石油下跌3.3%。 内地方面,上证综指上涨0.8%,收于4,082.13点。 行业新闻方面,中国证监会等监管机构于上周五晚间宣布修改相关法规,以加强市场监管并吸引长期投资。 总体而言,新规放宽了“战略投资者”(即机构资金)对中国上市公司的投资,尤其是对拥有强大投票权的A股的投资,同时也收紧了对非法出售股票和“择业审计”行为的监管。 其他区域交易所方面,韩国综合股价指数(KOSPI)上涨0.4%;台湾加权平均股价指数(TWSE)上涨0.4%;澳大利亚ASX 200指数上涨0.1%;新加坡海峡时报指数上涨0.1%;泰国指数持平。孟买Sensex指数在尾盘交易中下跌0.1%。 MSCI亚太地区所有国家指数当日上涨0.3%。

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Ulta Beauty's TikTok Shop Expected to Drive New Guest Acquisition and Help Build Emerging Brands, Oppenheimer Says

Ulta Beauty's (ULTA) recently launched TikTok Shop is expected to drive new guest acquisition for the company and help build emerging brands, Oppenheimer said in a research note on Monday.After attending an Ulta analyst event and Ulta Beauty World, Oppenheimer said the company's management sees a significant opportunity in the wellness category.Ulta has already expanded its wellness assortment to more than 400 stores and is also growing through the marketplace, while working to develop a differentiated guest experience with a unique assortment, Oppenheimer said.Oppenheimer also said it was increasingly confident in the company's efforts to keep selling, general, and administrative expense growth below or in line with sales, though Ulta will still make additional investments to drive top-line growth profitably if needed.The brokerage said it remains upbeat on Ulta Beauty's longer-term prospects and bullish on Chief Executive Officer Kecia Steelman's leadership and strategic efforts to drive additional market share gains over time.Oppenheimer maintained its outperform rating on the stock and its $650 price target.Price: $559.84, Change: $+6.48, Percent Change: +1.17%

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Cleveland-Cliffs Beats First-Quarter Forecasts as Loss Narrows; CEO Signals Profit Ahead

Cleveland-Cliffs (CLF) first-quarter loss narrowed more than expected with revenue exceeding market estimates, while CEO Lourenco Goncalves said the steel producer anticipates a return to profit in the second quarter.The company said Monday its adjusted loss narrowed to $0.40 a share in the March quarter from the loss of $0.93 a year earlier, compared with the consensus on FactSet for a loss of $0.43. Revenue rose to $4.92 billion from $4.63 billion, topping the Street's view for $4.81 billion.First-quarter results "reflected the impact of short-term headwinds like energy prices and price realization lags," Goncalves said in a statement. "As we move through the year, each quarter is expected to improve sequentially, as the momentum already visible in both our order book and pricing continues to translate into earnings and cash flow."The company expects to "generate healthy positive free cash flow" in the second quarter, marking a return to earnings, Goncalves added.Steel product sales volume fell to 4.11 million net tons in the first quarter from 4.14 million a year earlier. Steelmaking revenue climbed to $4.76 billion from $4.47 billion.The conflict in the Middle East has strengthened Cleveland-Cliffs' "competitive position," Goncalves said, though it hasn't improved the timeline for a potential deal with South Korean steelmaker POSCO In October, Cleveland-Cliffs announced a memorandum of understanding with POSCO to explore a partnership focusing on US steel production."We continue to negotiate in good faith within the framework of our MOU toward a transaction that is accretive for our shareholders and fully reflects the value of our assets, our market position, and the strength of the US steel demand," Goncalves said.In 2026, Cleveland-Cliffs continues to expect steel shipment volumes of about 16.5 to 17 million net tons.The stock fell 4.7% in Monday trading. The shares have declined 29% this year.Price: $9.48, Change: $-0.47, Percent Change: -4.68%

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USA Rare Earth's Round Top Rare Earth Deposit Unlike Others in the West, Wedbush Says

USA Rare Earth's (USAR) Round Top in Texas is unlike any other rare earth deposit in the West, Wedbush analysts said in a Monday note to clients.Analysts said that Round Top carries about 72% heavy rare earth oxide distribution within its total rare earth oxide content, making it unique among deposits of this scale outside China.Wedbush said that the deposit positions the company to address the segment of the rare earth market under the most acute supply chain pressure following China's April 2025 export controls.Wedbush said that Round Top is the only deposit in the West with the geological profile to produce heavy rare earths at a commercial scale, and that the company's Less Common Metals unit is the only facility outside China with the capability to produce samarium cobalt and heavy rare earth metals commercially.Analysts initiated coverage on USA Rare Earth with an outperform rating and a $29 price target.Price: $22.65, Change: $+2.70, Percent Change: +13.53%

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