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Korea Electric Power will maintain the adjusted fuel cost at 5 won per kilowatt-hour in the first quarter of 2025, unchanged since the third quarter of 2022, Yonhap News reported Monday.
In October, the state-owned power company raised electricity rates for industrial use by 9.7%, while household rates remained static. Despite a third-quarter net profit of 1.87 trillion won, boosted by rate hikes and easing energy prices, the firm faces a cumulative loss of 43 trillion won from 2021-2023 due to insufficient price adjustments amid soaring fuel costs, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Asian equities traded in the US as American depositary receipts were moving lower Friday morning, declining 0.29% to 2,030.17 on the S&P Asia 50 ADR Index, which is down nearly 3% for the week.
From North Asia, the gainers were led by video-based social media platform JOYY and pet-focused platform Boqii , which climbed 8.8% and 7.8% respectively. They were followed by mobile big data platform Aurora Mobile and consumer lending firm Qudian , which rose 5.7% and 5.3%. respectively
The decliners from North Asia were led by automotive ecommerce platform Cango and ad agency iClick Interactive Asia Group , which fell 21% and 8.7% respectively. They were followed by computer hardware maker Canaan and utilities company Korea Electric Power , which dropped 3.9% and 2.4% respectively.
From South Asia, the gainers were led by telecommunications operator PLDT and pharmaceutical company Dr. Reddy's Laboratories , which increased 2% and 1.8% respectively. They were followed by financial services company ICICI Bank and telecommunications operator Telekomunikasi Indonesia , which were up 0.2% each.
The decliners from South Asia were led by IT firms Infosys and Wipro , which lost 3.9% and 1.9% respectively. They were followed by tech conglomerate Sea and IT firm Sify Technologies , which were down 1.5% and 1.2% respectively.
Asian equities traded in the US as American depositary receipts were sharply lower Tuesday morning, falling 1.4% to 2,107.41 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by utilities company Korea Electric Power and semiconductor company Himax Technologies , which rose 1.6% and 0.9% respectively. They were followed by thin-film liquid display maker LG Display and pet-focused platform Boqii , which were up 0.5% and 0.2% respectively.
The decliners from North Asia were led by online brokerage UP Fintech and video-sharing platform Bilibili , which fell 11% and 9.8% respectively. They were followed by brand platform 36Kr K and oncology company BeiGene , which dropped 9% and 8.9% respectively.
From South Asia, the gainers were led by IT firm Wipro , which rose 1%, followed by telecommunications operator Telekomunikasi Indonesia and financial services company ICICI Bank , which increased 0.5% and 0.2% respectively.
The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories , which lost 1%, followed by IT firm Sify Technologies and telecommunications operator PLDT , which were down 0.9% and 0.4% respectively.
Asian equities traded in the US as American depositary receipts were surging higher Monday morning, climbing 2.69% to 2,155.71 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by online brokerage UP Fintech and e-commerce brand platform Baozun , which jumped 28% and 24%, respectively. They were followed by education company 17 Education & Technology Group and video-sharing platform Bilibili , which advanced 19% and 17%, respectively.
The decliners from North Asia were led by computer hardware maker Canaan and utilities company Korea Electric Power , which fell 5.1% and 3.7%, respectively. They were followed by financial services company Shinhan Financial Group and thin-film liquid display maker LG Display , which were off 1% and 0.2%, respectively.
From South Asia, the gainers were led by IT firms Wipro and Sify Technologies , which rose 4.1% and 2%, respectively. They were followed by IT firm Infosys and financial services company HDFC Bank , which were up 1.9% and 1.4%, respectively.
The were no decliners from South Asia.
Asian equities traded in the US as American depositary receipts were trending lower Wednesday morning, declining 0.40% to 2,090.15 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by computer hardware maker Canaan and semiconductor company Himax Technologies , which climbed 10.3% and 9.8% higher respectively. They were followed by advertising agency iClick Interactive Asia Group and tech company Xunlei , which rose 11.1% and 2.5% respectively.
The decliners from North Asia were led by utility company Korea Electric Power and solar project developer Emeren Group , which dropped 5.7% and 3% respectively. They were followed by biotech firm Zai Lab and mobile app developer Cheetah , which fell 5.4% and 3% respectively.
From South Asia, the lone gainer was IT firm Infosys , which was up 1.5%.
The decliners from South Asia were led by tech conglomerate Sea and IT company Sify Technologies , which lost 0.5% and 0.4% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories and telecommunications operator PLDT , which were off 0.9% and 0.6% respectively.
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