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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Asia markets mixed as investors assess China inflation data

Asian markets fluctuated through the day, with Tokyo falling while Hong Kong and Shanghai rose. (AFP file pic)
  • China’s consumer price index climbed 0.3% year on year
  • Japan’s first-quarter GDP expected to have contracted an annualized 1.5%

Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reported

China’s consumer price index climbed 0.3% year on year, beating Reuters estimates of a 0.2% rise.

The producer price index, however, fell 2.5% year on year, more than the estimated 2.3% drop.

The data highlight for the week will be Japan’s first-quarter GDP, which is expected to have contracted an annualized 1.5%, according to a Reuters poll, likely jeopardizing the Bank of Japan’s plans to raise interest rates.

India’s inflation figures will also be out late Monday, with economists polled by Reuters expecting inflation in the world’s fifth-largest economy to slow slightly to 4.8% in April, down from March’s 4.85%.

Japan’s Nikkei 225 and the broad-based Topix pared earlier declines to trade flat.

South Korea’s Kospi was down 0.20%, while the small-cap Kosdaq fell 1%.

The Australian S&P/ASX 200 lost 0.2%.

Hong Kong’s Hang Seng index reversed earlier declines to rise 0.4%, while mainland China’s CSI 300 index was trading flat.

On Friday in the U.S., the Dow Jones Industrial Average notched an eighth consecutive winning session and registered its best week of 2024. The 30-stock index added 0.32% during the session.

The S&P 500 climbed 0.16% and the Nasdaq Composite inched lower by 0.03%.