European shares close eighth month of gains on earnings lift; credit fears hit banks

EUROPEAN shares closed at a record high on Friday to log their eighth straight month of gains after better-than-expected corporate updates, while heavyweight banks tumbled amid credit and AI-disruptio...

All three major indexes ended decisively lower and posted steep weekly declines on Friday.

US stocks: Wall Street notches monthly declines on combined AI, tariff, geopolitical uncertainty

[NEW YORK] Financial and tech stocks were hit hard by a handful of persistent investor worries on Friday, with US stocks suffering their largest monthly percentage declines in a year.

On Wednesday, Yangzijiang Shipbuilding posted a 24.6 per cent rise in net profit to 4.5 billion yuan for its second half ended Dec 31, from 3.6 billion yuan in the corresponding year-ago period.
HOT STOCK

Yangzijiang Shipbuilding rises 10.7% on improved earnings; hits record in intraday trade

CGSI lifts its target price to S$4.95, a 14.1 per cent premium above its Friday closing price

Across the broader market, gainers beat losers 349 to 237.

Singapore stocks rise on Friday amid mixed Asian performance; STI up 0.6%

The iEdge Singapore Next 50 Index sheds 0.8% or 12.59 points to 1,505.20

Korean stocks have been on a tear, trouncing other markets as the benchmark soared 170% since an April low.

Global funds dump nearly 7 trillion won of South Korean stocks after rally

Despite the massive selling by foreigners, few see this as a bearish turning point

ST Engineering reports net profit of S$59.9 million for H2 FY2025, an 83.6% decline.

Stocks to watch: ST Engineering, Wilmar, UOL, CDL, Venture, Golden Agri, First Resources, Bumitama, PropNex, Centurion

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Feb 27):