Renesas (6723 JT) FY2025 (JPY) net loss 51.7bln (prev. profit 219.1bln Y/Y), oper. 201.2bln (prev. 223.0bln Y/Y), rev. 1.32tln (prev. 1.35tln Y/Y)
Renesas reported a significant shift to a net loss of 51.7 billion JPY for FY2025, compared to a profit of 219.1 billion JPY in the previous year.
PBoC is expected to set USD/CNY mid-point at 6.9468 (prev. 6.9533)
[MARKET UPDATE] Asia-Pac stocks are mostly lower following the continued tech rout on Wall St, where semiconductor names were hit, while recent focus was also on geopolitics after US/Iran talks were reported to be off, and then on again
Renesas (6723 JT) FY2025 (JPY) net loss 51.7bln (prev. profit 219.1bln Y/Y), oper. 201.2bln (prev. 223.0bln Y/Y), rev. 1.32tln (prev. 1.35tln Y/Y)
Baidu (9888 HK) announced a USD 5bln share buyback
White House says President Trump is to make an 'announcement' on Thursday at 19:00 Eastern Time (00:00GMT)
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The decline in operating income and revenue suggests challenges in maintaining profitability, which may raise concerns about future guidance and the company's competitive positioning in the semiconductor sector.
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