European shares tepid as markets weigh US-Iran deadlock

European shares tepid as markets weigh US-Iran deadlock

Published Mon, May 11, 2026 · 05:49 PM EUROPEAN shares were muted on Monday, as stalled US-Iran peace negotiations pushed oil prices higher and weighed on risk appetite. The pan-European Stoxx 600 was flat at 611.68 points, as of 0805 GMT. Regional bourses moved in different directions, with London’s FTSE 100 edging 0.2 per cent…

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China stocks hit 11-year high on AI optimism, exports rebound

China stocks hit 11-year high on AI optimism, exports rebound

Published Mon, May 11, 2026 · 05:27 PM [HONG KONG] Chinese stocks closed near an 11-year high on Monday, supercharged by a strong tech rally driven by renewed AI optimism and export strength. At market close, the benchmark Shanghai Composite index was up 1.1 per cent at 4,225.02, its highest since June 30, 2015. The…

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Singapore’s national accountancy body sets up task force to strengthen financial reporting

Singapore’s national accountancy body sets up task force to strengthen financial reporting

[SINGAPORE] Singapore’s national accountancy body has formed a task force with business and finance leaders to examine how the country’s financial reporting ecosystem can be overhauled for better communication with stakeholders. The Strengthening Financial Reporting Taskforce was launched by the Institute of Singapore Chartered Accountants (Isca) at the Value Unlock Forum, held in partnership with…

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China’s domestic car demand stays weak but exports strengthen

China’s domestic car demand stays weak but exports strengthen

Published Mon, May 11, 2026 · 04:54 PM [BEIJING] China’s domestic car sales fell for a seventh straight month in April, amid intense competition in the world’s biggest car market. But exports stayed strong as carmakers increasingly targeted overseas markets. Sales at home dropped 21.6 per cent from the year before to 1.4 million vehicles…

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JPMorgan hikes Kospi bull case target to 10,000 on memory boom

JPMorgan hikes Kospi bull case target to 10,000 on memory boom

Published Mon, May 11, 2026 · 04:53 PM JPMORGAN Chase & Co raised its targets for South Korean stocks for the second time in less than a month, citing improvement in the semiconductor cycle, corporate governance reforms and industrial-sector growth. The Wall Street bank lifted its base target for the Kospi to 9,000 and its…

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