Market Analysis

PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: Tech stocks in focus after the sell-off on Wall St

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Asian markets react to Wall Street's tech sell-off while focusing on corporate earnings like Newmont's mixed Q2 and strategic moves in regional banking and shipbuilding cooperation.

News detail

AUSTRALIAASX (ASX AT) - Co. says Anthony Attia will start as CEO on 1 September 2026. (Newswires)Forrestania Resources (FRS AT) - Co. reported strong assay results from its British Hill gold project, with drilling extending high-grade mineralisation both up-dip and at depth. (Motley Fool)Newmont Corporation (NEM AT) - Co. Q2 (USD) net income was 2.20bln, diluted EPS was 2.06 and rev. rose 15.1% Y/Y to 6.12bln. (Motley Fool)Origin Energy (ORG AT) - Co. confirmed a customer data leak involving personal information and incomplete credit card or bank account numbers. (AFR)Regis Resources (RRL AT) - Co. FY gold output was 379k oz, all-in sustaining costs were AUD 2,945/oz, growth capital was AUD 248mln and exploration capital was AUD 74mln; FY27 guidance was unchanged at output of 360k-400k oz and all-in sustaining costs of AUD 2,990-3,390/oz. (Dow Jones Newsplus)Broker Ratings/Price Target Karoon Energy (KAR AT) price target raised 5% to AUD 1.55/shr by Macquarie. Rio Tinto (RIO AT) price target cut 7.6% to AUD 171.00/shr by Citi. Santos (STO AT) price target raised 0.6% to AUD 9.05/shr by Macquarie. South32 (S32 AT) price target cut 13% to AUD 5.30/shr by Citi. Wesfarmers (WES AT) price target raised 2% to AUD 88.00/shr by Macquarie. JAPANANA Holdings (9202 JT) - Co. is overhauling ticket pricing and its domestic-flight revenue structure to offset rising fuel and outsourcing costs. (Nikkei)Iyogin Holdings (5830 JT) - Co. and Ehime Bank (8541 JT) are reportedly in the final stages of discussing a merger that would create one of Japan’s 20 largest regional lenders and strengthen their ship-financing operations. (Nikkei)Seven & i Holdings (3382 JT) - Co. appointed Mauricio Leyva as CEO of 7-Eleven, Inc. to lead its transformation, improve customer experience and drive sustainable growth. (Dow Jones Newswires)SOUTH KOREAJB Financial Group (175330 KS) - Co. Q2 (KRW) net profit rose 6% Y/Y to 226.5bln, operating profit rose 14.5% Y/Y to 305.6bln and rev. rose 6.5% Y/Y to 1.26tln. (Yonhap)South Korean Shipbuilders - South Korea and the US launched a shipbuilding cooperation centre in Washington to facilitate Seoul’s planned USD 150bln investment in the US shipbuilding sector. (Yonhap)

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