PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: Korean Air Lines (003490 KS) Q2 (KRW) net rose 13.4% Y/Y to 395.9bln, oper. profit fell 3.5% Y/Y to 399bln and sales fell 0.9% Y/Y to KRW 4.0tln

AUSTRALIA

Abacus Storage King (ASK AT) - Co. received revised non-binding indicative proposal from consortium at AUD 1.65/per stapled security. (Newswires)

City Chic Collective (CCX AT) - Co. FY (AUD) underlying EBITDA 6.0mln-6.5mln (prev. loss 8.4mln Y/Y), rev. rose 2.3% Y/Y to 134.7mln. (Newswires)

Imugene (IMU AT) - Co. seeks trading halt pending an announcement on capital raising. (Newswires)

Macquarie Technology (MAQ AT) - Co. is to purchase a large parcel of land for a new data centre campus in Sydney with the purchase price of AUD 240mln to be funded through cash and debt. (Newswires)

Osteopore (OSX AT) - Co. secures market approval in Switzerland under European Union medical device regulation. (Newswires)

Reef Casino Trust (RCT AT) - Co. entered into a takeover bid agreement with Iris with the latter to make a AUD 177mln takeover bid for Reef Casino Trust. (Newswires)

South32 (S32 AT) - Co. announced Mozal aluminium update with FY26 production for Mozal under review as it is unable to agree an affordable electricity price tariff, while a drought may impact electricity supply to Mozal. (Newswires)

JAPAN

Cosmos Pharmaceutical (3349 JT) - Co. FY (JPY) net rose 26.7% Y/Y to 31.0bln. (Newswires)

Japan Airlines (9201 JT) - Co. entered into an agreement with Japan Airport Terminal Co and ANA Holdings (9202 JT) regarding equity ownership ratio of AGP (9377 JT) after completion of transaction to take AGP private. (Newswires)

Nissan (7201 JT) - Co. is to supply pickup trucks manufactured at Mississippi plant to Honda (7267 JT). (Nikkei)

Ryohin Keikaku (7453 JT) - Co. 9-month (JPY) net rose 30.1% Y/Y to 43.6bln, Co. is to conduct a 2-for-1 stock split for shareholders as of August 31st. (Newswires)

Other News - Japan and the EU are seeking to develop a joint satellite network. (Nikkei)

SOUTH KOREA

Korean Air Lines (003490 KS) - Co. Q2 (KRW) net rose 13.4% Y/Y to 395.9bln, oper. profit fell 3.5% Y/Y to 399bln and sales fell 0.9% Y/Y to KRW 4.0tln. (Yonhap)

LG Electronics (066570 KS) - Co. is reported to develop a hybrid bonder for HBM chips. (Newswires)

Geopolitical

North Korean leader Kim reaffirmed unconditional support for Moscow’s actions in the Ukraine war during a meeting with Russian Foreign Minister Lavrov, while North Korea and Russia pledged cooperation to safeguard each other’s territorial integrity. Furthermore, Russia expressed firm opposition to any attempt to undermine North Korea’s national security and sovereignty, while Moscow wants to further strengthen the strategic partnership. (Newswires)

North Korea warned it stands ready to take military action against threats from the US, Japan and South Korea following recent joint air drills involving a strategic US bomber. (KCNA)

14 Jul 2025 - 00:42- MetalsGeopolitical- Source: Newswires