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Emerging lithium producer, Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce the appointment of four directors to the Galaxy board.

Asian shares could be lifted after US and European markets rallied overnight on optimistic outlook of 2010. Yesterday Asian markets mostly kicked off the new year with gains. Japan's Nikkei surged 1 per cent on yen's weakness and a financial lifeline to Japan Airlines. The global markets also cheered for the strong manufacturing data from China and India. However, China's Shanghai Composite fell 1 per cent on Monday over fears on inflation.

Today most Asian markets traded lower in the morning despite a positive lead from Wall Street. Tokyo stocks fell on the rising Yen, while South Korean investors sold shares to lock in profits from recent rallies. Hong Kong's Heng Seng Index opened lower, but soon rebounded following the surge in mainland China's Shanghai Composite.

Asian share markets closed sharply lower on Monday with investor sentiment sharply dented by a worse-than-expected contraction in the U.S. economy. In Hong Kong, Hang Seng Index fell 3.86 per cent, dragged by the slump in U.S. stocks to new bear market lows Friday and concerns over HSBC. Japan's Nikkei-225 was down 3.8 per cent, while South Korean stocks closed 4.16 per cent lower. But Shanghai shares bucked the regional trend, closing up 0.51 per cent, as government stimulus plans boosted real estate and cement stocks.