China has rejected 10 containers of Australian mung beans, citing chemical residues above permitted levels. About 95% of Australia’s mung bean crop is desiccated with glyphosate before harvest, and residue limits are set by importing countries. Australian output in 2026 is expected at 100,000 to 120,000 tonnes, almost all for export. The rejection could accelerate a shift toward alternative herbicides among growers.

Bell Potter has downgraded Australian job listings platform Seek after the stock fell 45% over the past 12 months. The broker said Seek’s FY 2026 result was broadly in line with expectations, with adjusted EPS up 29% to 56cps and a full-year dividend of 52cps. However, it flagged a weaker outlook, with ANZ volumes expected to decline at a midsingle-digit rate and guidance calling for net revenue of $1.21b$1.28b and adjusted profit for $185m $215m.

SKS Technologies Group Ltd shares have climbed 249.6% over the past 12 months, lifting a $10,000 investment to about $34,962, after rising 6.5% on Wednesday to $9.23. The company raised its guidance to unaudited revenue of $347.9 million and an unaudited before-tax profit of $39.3 million. SKS also offers a fully franked trailing dividend yield of 0.9%. Canaccord Genuity reiterated a buy rating and increased its price target to $10.30 from $9.05.

Bravura Solutions released its FY26 results, reporting underlying revenue from customers of A$282.6 million, up 9.6% year on year. Recurring revenue rose 6.9% to A$165.0 million, while underlying cash EBITDA climbed to A$77.1 million for a 27.3% margin. Underlying NPAT came in at A$63.1 million, up A$38.7 million from FY25. The company declared a final ordinary dividend of 8.31c per share and a special dividend of 6.69c per share, totaling about A$67.3 million.

Cerebras Systems reported results for the second quarter of 2026, saying GAAP cloud services revenue rose 281% year over year to $126 million and core cloud services revenue climbed 287% to $127.7 million. GAAP total revenue increased 74% to $180.1 million, while core total revenue rose 103% to $209.9 million. The company said remaining performance obligations stood at $25.4 billion at quarter-end. It also said it plans to more than triple revenue in 2027, with the CEO citing rapid progress in key areas.

U.S. stocks finished mixed on Wednesday, with the S&P 500 up 0.26% at 7748.58 and the Nasdaq Composite up 0.55% at 26588.49, while the Dow Jones Industrial Average slipped 0.06%. Strong quarterly results from AI infrastructure firms including CoreWeave boosted sentiment toward the AI trade and helped lead technology stocks higher. Softer inflation data pushed expectations that the Federal Reserve will keep rates unchanged next month to 62%. Super Micro Computer jumped 19.51%, while Dell gained 8.9% and Hewlett Packard rose 7.41%, as some energy and solar names declined.

The S&P 500 and Nasdaq ended higher on Wednesday after strong quarterly results from AI infrastructure firms, led by CoreWeave. July U.S. CPI posted only modest growth, while gasoline prices fell for a second straight month, easing concerns about additional Federal Reserve rate hikes. Data center operators IREN and Applied Digital advanced alongside chipmakers Nvidia and Micron Technology. Strength across AI-linked names boosted broader technology shares.

Uber has sold its entire stake in Serve Robotics, a move disclosed in a regulatory filing submitted last week. Serve Robotics was spun out from Uber five years ago. The company said it only learned of the divestment after the filing became public. The timing and terms of the transaction were not disclosed.