PRE-MARKET CHINESE STOCK NEWS: ASMPT (522 HK) Co. Q2 (HKD) net 335.1mln, adj. net rose 253.9% Y/Y to 637.5mln
ASMPT reported strong Q2 growth, while US-China tensions escalated via new import bans on robotics and potential national security investigations into semiconductor giant CXMT's recent IPO.
News detail
ASMPT (522 HK) - Co. Q2 (HKD) net 335.1mln, adj. net rose 253.9% Y/Y to 637.5mln, rev. rose 47.9% Y/Y to 4.94bln. (Newswires)BAIC Motor (1958 HK) - Co. guided H1 (CNY) net to 1.55bln-1.65bln. (Newswires)ChangXin Memory Technologies (688825 CH) - Senior bipartisan US lawmakers called for an investigation into the Co. over suspicions the Chinese government orchestrated its IPO to support a key military asset. (Newswires)Universal Scientific Industrial (601231 CH) - Co. prelim. H1 (CNY) net 822mln (prev. 638mln Y/Y), rev. 27.3bln (prev. 27.2bln Y/Y). (Newswires)Other NewsChina's Commerce Ministry said China reserves the right to take measures in response to US Section 301 probes, will expand imports through more practical actions and will not seek an advantage through currency devaluation. (Newswires)China’s MOFCOM said it is strongly dissatisfied with and firmly opposes the US decision to place Chinese research institutions on a sanctions list, urging Washington to stop smearing them and ensure fair, impartial and non-discriminatory treatment. It added that China will take necessary measures to protect the institutions’ legitimate rights and normal scientific exchanges and cooperation. (Newswires)US President Trump’s administration announced a ban on new foreign-made humanoid robot and power inverter imports to the US over "unacceptable risks" to the country's national security. (Newswires)
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.
