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Investing.com – Australia stocks were lower after the close on Wednesday, as losses in the Metals & Mining, Resources and Consumer Discretionary sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 lost 0.04%.

The best performers of the session on the S&P/ASX 200 were DroneShield Ltd (ASX:DRO), which rose 21.89% or 1.02 points to trade at 5.68 at the close. Meanwhile, Westgold Resources Ltd (ASX:WGX) added 10.49% or 0.47 points to end at 4.95 and Austal Ltd (ASX:ASB) was up 6.33% or 0.49 points to 8.23 in late trade.

The worst performers of the session were Liontown Resources Ltd (ASX:LTR), which fell 10.15% or 0.10 points to trade at 0.88 at the close. Pilbara Minerals Ltd (ASX:PLS) declined 6.35% or 0.16 points to end at 2.36 and Block Inc (ASX:XYZ) was down 5.42% or 6.25 points to 108.99.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 579 to 553 and 404 ended unchanged.

Shares in DroneShield Ltd (ASX:DRO) rose to all time highs; gaining 21.89% or 1.02 to 5.68. Shares in Westgold Resources Ltd (ASX:WGX) rose to all time highs; gaining 10.49% or 0.47 to 4.95.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 2.35% to 10.64.

Gold Futures for December delivery was up 0.43% or 16.62 to $3,889.82 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.32% or 0.20 to hit $62.57 a barrel, while the December Brent oil contract rose 0.33% or 0.22 to trade at $66.25 a barrel.

AUD/USD was unchanged 0.12% to 0.66, while AUD/JPY fell 0.51% to 97.34.

The US Dollar Index Futures was down 0.16% at 97.29.

Investing.com -- Stellantis NV (NYSE:STLA) will temporarily suspend production at two of its manufacturing facilities in France in late October, according to French newspaper Les Echos.

The automaker plans to halt operations on one production line at its Mulhouse plant from October 27 to November 2, the newspaper reported, citing a union statement.

Additionally, the company’s Sochaux factory will pause production on three consecutive Fridays this month.

The Sochaux facility will also suspend two night shifts due to supplier-related issues, Les Echos said.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com – Taiwan stocks were lower after the close on Wednesday, as losses in the , Glass and Other Electronic sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted fell 1.70%.

The best performers of the session on the Taiwan Weighted were First Copper Technology Co Ltd (TW:2009), which rose 9.96% or 3.80 points to trade at 41.95 at the close. Meanwhile, Tainergy Tech Co Ltd (TW:4934) added 9.83% or 1.45 points to end at 16.20 and Polytronics Technology Corp (TW:6224) was up 5.34% or 2.45 points to 48.30 in late trade.

The worst performers of the session were Abonmax Co Ltd (TW:2429), which fell 10.00% or 13.00 points to trade at 117.00 at the close. Taiwan Glass Ind Corp (TW:1802) declined 8.89% or 2.55 points to end at 26.15 and Ta Liang Technology Co Ltd (TW:3167) was down 8.66% or 16.50 points to 174.00.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0.

Crude oil for November delivery was up 0.10% or 0.06 to $62.43 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.12% or 0.08 to hit $66.11 a barrel, while the December Gold Futures contract rose 0.45% or 17.50 to trade at $3,890.70 a troy ounce.

USD/TWD was up 0.04% to 30.48, while TWD/CNY unchanged 0.04% to 0.23.

The US Dollar Index Futures was down 0.09% at 97.36.

Investing.com -- Netel (ST:NETEL), a Nordic telecom and infrastructure services group, on Wednesday said impairments in three subsidiaries and weaker market conditions will weigh on its results for 2025, prompting the company to take cost-cutting measures and reset profitability targets.

The company said it expects revenue for the full year to total about SEK 3 billion. That represents a decline of roughly 9% compared with 2024, and falls short of the group’s long-term target of 3-5% annual organic growth.

Netel forecast an adjusted EBITA margin of 1.5-2% for 2025, significantly below its financial target of 5-7%. 

Excluding the three subsidiaries affected by impairments, acquired in 2021-2022, operations accounting for more than 90% of Netel’s expected revenue are estimated to deliver an adjusted EBITA margin of about 4-5%.

The company said more projects than expected are in early phases in the second half of the year, temporarily affecting capital tie-up. 

The impairments mainly relate to completed projects and are not expected to have any future impact on cash flow.

To address the challenges and improve profitability, Netel said it has initiated several measures. 

These include a review and refocus of operations in the United Kingdom; changes in management and new profitable agreements at a subsidiary within its power division; and a new organization and profitable agreements in a subsidiary within infraservices.

In addition, Netel is implementing cost savings across central functions in Sweden and Norway, with an expected EBITA improvement of at least SEK 25 million. Part of these savings has already been implemented, and the full effect is expected in 2026.

Investing.com -- JPMorgan Chase plans to launch a DIY investment service in the UK in 2026 that will enable investors to directly trade shares, bonds, funds and other assets, according to the Financial Times.

The new service will incorporate financial planning tools and advice, while also integrating the bank’s existing Nutmeg business.

James McManus, chief investment officer of JPMorgan Personal Investing, told the Financial Times that the lender aims to establish itself as a major player in the UK market.

The DIY platform will expand JPMorgan’s current investment offerings in the UK, creating a more comprehensive suite of services for retail investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.