News 29 March 2026

Accuray Stock Nearly Hit 50 Cents — Then the Rally Faded
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Accuray Stock Nearly Hit 50 Cents — Then the Rally Faded

Accuray Inc. shares fell 0.9% to $0.3712 by late morning in New York after an early surge to $0.4982, with over 14.4 million shares traded. The drop followed the company’s withdrawal of 2026 guidance, citing Middle East shipment delays and a 7% revenue decline last quarter. Analyst downgrades and a May 22 SEC filing showing TCW’s 13.7% stake added pressure. No new corporate news was released Wednesday.
May 27, 2026
PLS Group Limited Faces UBS Downgrade After Lithium Rally Lifts Shares Above Target

PLS Group Limited Faces UBS Downgrade After Lithium Rally Lifts Shares Above Target

UBS downgraded PLS Group to Neutral on March 27, setting a A$4.95 price target below its A$5.15 share price. PLS joined the S&P/ASX 50 on March 23. The company reported first-half revenue of A$624 million and net profit of A$33 million in February. PLS secured a two-year supply deal with China’s Canmax in February, including a US$1,000-a-tonne floor price.
March 29, 2026
Santos Limited Rushes Crude to Australian Refineries as Canberra Bolsters Fuel Security
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Santos Limited Rushes Crude to Australian Refineries as Canberra Bolsters Fuel Security

Santos Ltd advanced crude deliveries to Viva Energy and sold a Varanus Island parcel to Ampol last week to support Australian refineries amid fuel import disruptions. Canberra announced plans to underwrite private fuel purchases as the country holds just 39 days of petrol and 30 days of diesel and jet fuel. Santos also shut Darwin LNG for equipment work, with no restart date given. Chevron and Woodside reported LNG outages after Cyclone Narelle.
March 29, 2026
Macquarie Group Ltd Warns of $200 Oil Shock if Iran War Runs Into June
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Macquarie Group Ltd Warns of $200 Oil Shock if Iran War Runs Into June

Macquarie Group strategists warned oil could reach $200 a barrel if the Strait of Hormuz remains closed into June due to war involving Iran. Brent crude rose 4.2% to $112.57 on Sunday as governments moved to manage energy shocks. Macquarie analysts assigned a 40% chance to the $200 scenario, with their base case expecting the conflict to end by March. Two India-bound tankers cleared the strait on March 29 amid regional talks to reopen shipping.
March 29, 2026
BHP Group Ltd Stock Price Defies Selloff as India Demand, Pilbara Disruption Offset China Risk
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BHP Group Ltd Stock Price Defies Selloff as India Demand, Pilbara Disruption Offset China Risk

BHP Group's U.S. shares closed up $0.97 at $69.50 on Friday, outperforming a falling market as iron ore talks with China remain unresolved and no new company disclosures emerged. Cyclone Narelle disrupted Pilbara ports, but Port Hedland stayed open. India's iron ore imports are rising, with BHP shipping rare cargoes there amid Chinese restrictions. Copper earnings surpassed iron ore for BHP in its latest results.
March 29, 2026
Westpac Banking Corporation (ASX: WBC) Stock Price Faces New Test After UNITE Update, Rate Reset
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Westpac Banking Corporation (ASX: WBC) Stock Price Faces New Test After UNITE Update, Rate Reset

Westpac shares closed at A$40.74 on Friday, up 0.69%, ahead of a 25-basis-point home-loan rate hike set for March 31. The bank invested A$195 million in its UNITE overhaul last quarter, reducing products by over 70% and decommissioning 180 applications. Westpac sold a 1 billion euro covered bond on March 26. Interim results are due May 5, as investors weigh higher lending rates against overhaul costs.
March 29, 2026
Why Woodside Energy Stock Price Is Back in Focus as Cyclone Narelle Deepens LNG Crunch
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Why Woodside Energy Stock Price Is Back in Focus as Cyclone Narelle Deepens LNG Crunch

Woodside Energy said Sunday that Tropical Cyclone Narelle continues to disrupt output at its Karratha gas plant, a key North West Shelf LNG hub. Chevron’s Wheatstone facility also remains partly offline after storm damage, deepening a global LNG supply crunch following Qatar’s shutdown. Woodside shares rose 0.26% in Sydney Friday. Port of Dampier reopened, but cargo imports are still suspended due to damage.
March 29, 2026
NAB share price outlook: National Australia Bank Limited stock enters Monday under pressure after 8% weekly slide
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NAB share price outlook: National Australia Bank Limited stock enters Monday under pressure after 8% weekly slide

National Australia Bank shares closed at A$41.99 Friday, down 1.34% on the day and 7.9% over five sessions, now 12.4% below February’s record. The bank faces pressure after proposing about 170 job cuts in Australia and shifting roles offshore, while the Reserve Bank of Australia raised rates to 4.1% amid rising oil prices and Middle East tensions.
March 29, 2026
AIA Group Stock in Focus as Insurer Sets March 30 Start for $1.74 Billion Buyback
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AIA Group Stock in Focus as Insurer Sets March 30 Start for $1.74 Billion Buyback

AIA Group said it will start a US$1.743 billion share buyback on March 30, running up to four months, after a sharp stock drop linked to confusion over an $18 billion debt programme. The insurer’s 2025 value of new business rose 15% to US$5.516 billion, with Hong Kong leading growth. The board raised the final dividend 10%. AIA received a waiver to allow buybacks during restricted trading periods.
March 29, 2026
Meituan Stock Faces New Test After 2025 Loss as China Delivery Price War Hits Margins
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Meituan Stock Faces New Test After 2025 Loss as China Delivery Price War Hits Margins

Meituan reported a 23.35 billion yuan net loss for 2025, reversing a 35.81 billion yuan profit in 2024, as costs and promotions surged. Fourth-quarter revenue rose 4.1% to 92.1 billion yuan, but core local commerce swung to a 10.05 billion yuan operating loss. Hong Kong shares closed at HK$85.90 Friday, down 0.9%, after Beijing signaled it wants to cool the food-delivery price war.
March 29, 2026
Tencent Stock News: Fresh Buyback Filing Lands as AI Push Tests 0700.HK
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Tencent Stock News: Fresh Buyback Filing Lands as AI Push Tests 0700.HK

Tencent repurchased 610,000 shares for HK$300.7 million on March 27, following a 590,000-share buyback the previous day, filings showed. The company said 2026 buybacks will be lower than last year’s HK$80 billion as it increases AI spending and raises dividends. Tencent reported Q4 revenue of 194.4 billion yuan and net profit of 58.26 billion yuan. Shares closed Friday at HK$493.40, down 0.44%.
March 29, 2026
Xiaomi Stock in Focus After Fresh Buyback as Profit Slip Tests EV and AI Bets
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Xiaomi Stock in Focus After Fresh Buyback as Profit Slip Tests EV and AI Bets

Xiaomi repurchased 2.2 million shares for HK$71.4 million on March 27, days after posting its first quarterly profit drop in three years. The company’s adjusted net profit fell 23.7% in Q4 to RMB6.35 billion, though full-year profit rose 43.8%. Xiaomi’s smart EV and AI unit posted its first operating profit in 2025, with 411,082 vehicles delivered. President Lu Weibing warned handset price hikes may be unavoidable due to rising memory costs.
March 29, 2026
CATL Hong Kong Shares Stay Near Highs as Mainland Investors Build 3.72% Stake
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CATL Hong Kong Shares Stay Near Highs as Mainland Investors Build 3.72% Stake

Mainland investors held 5.82 million shares, or 3.72%, of CATL’s Hong Kong-listed stock as of March 27, exchange data showed. The stock closed Friday at HK$634, up 2.9% but 9% below its March 20 high. CATL’s 2025 net profit reached 72.2 billion yuan, while global power-battery market share stood at 39.2%. U.S. scrutiny continues over CATL’s Ford licensing tie-up.
March 29, 2026
PetroChina Profit Falls as Lower Oil Prices Bite, but 2026 Spending Still Rises
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PetroChina Profit Falls as Lower Oil Prices Bite, but 2026 Spending Still Rises

PetroChina reported a 4.5% drop in 2025 net profit as lower oil prices cut earnings, with revenue down 2.5%. The company plans 279.4 billion yuan in capital expenditure for 2026, up from 269.1 billion yuan in 2025, and warned of continued price volatility due to geopolitical risks. Average realized crude price fell 14.2% to $64.11 a barrel, while gas output rose 4.5%.
March 29, 2026
Agricultural Bank of China 1288.HK Results Due Monday Put Dividend, Margins in Focus
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Agricultural Bank of China 1288.HK Results Due Monday Put Dividend, Margins in Focus

Agricultural Bank of China will report annual results Monday, following near-flat earnings from three major Chinese peers. Its Hong Kong shares closed at HK$5.38, up 0.56%, ahead of a board meeting to approve 2025 figures and a final dividend. Analysts expect about 2.3% net profit growth for 2025, slower than last year. The bank will hold a webcast with top executives from 5 p.m. to 6 p.m. HKT.
March 29, 2026
ICBC Profit Inches Up, Bigger Dividend Keeps Hong Kong Stock in Focus
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ICBC Profit Inches Up, Bigger Dividend Keeps Hong Kong Stock in Focus

ICBC reported a 0.7% rise in 2025 profit to 368.56 billion yuan and proposed a higher year-end dividend of 0.1689 yuan per share. Operating income increased 1.9% to 801.40 billion yuan, while net interest margin fell to 1.28% from 1.42%. Shares closed up 0.9% at HK$6.62. Beijing is considering easing rules on big bank shareholdings, which could affect investor participation.
March 29, 2026
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Stock Market Today

  • FTSE 100 Rises Slightly as Oil Prices Drop Amid US-Iran Peace Talks
    May 27, 2026, 12:46 PM EDT. The FTSE 100 edged up 0.1% to 10,505.01 on Wednesday, supported by optimism over US-Iran negotiations potentially easing Middle East tensions. Oil prices dipped sharply, with Brent crude falling below $97 a barrel, as investors reacted to reports of a potential deal to reopen the Strait of Hormuz and end the regional conflict. However, the White House dismissed these Iranian state media claims as fabricated. The oil price decline impacted energy stocks, with BP and Shell falling 2.7% and 2.3% respectively, while British Airways owner International Consolidated Airlines and retailers like JD Sports and Marks & Spencer gained. Lower UK bond yields, influenced by the oil price drop, also supported housebuilders. European and US markets showed mixed performances amid cautious sentiment.