Samsung C&T
Samsung C&T, formerly Samsung Corporation, is a Korea-based company engaged in the construction and trading sectors. The Company operates its business through two divisions. Its construction division is engaged in the construction works, such as intelligence building construction; civil engineering works, including subways, roads, bridges, harbors and airports; plant building, covering new clear power plants, electric power plants, energy storage and transmission facilities, petrochemical plants, industrial facilities and environmental facilities, as well as housing development and other related services. Its trading division exports and imports petrochemicals, synthetic resins, chemicals, rubber materials, paper materials, computers, telecommunication devices, home electronics, transportation equipment, industrial machinery, steel sheets, nonferrous metals, copper, oil, gas, coal, food and others.
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Asian shares could see a flat start on Wednesday while Wall Street closed slightly higher overnight. Steelmakers and resource stocks are expected to suffer declines around the region follow commodities prices dropped. Most Asian markets posted small gains yesterday. Shanghai and Hong Kong bourses rose after an upbeat forecast from China Life Insurance Co., mainland's largest insurance company. China's Shanghai Composite added 0.5 per cent, Hong Kong's Hang Seng Index advanced 0.1 per cent. South Korea's Kospi and Taiwan's Taiex inched up 0.1 per cent each. But Japan's Nikkei 225 closed down 0.17 per cent on profit-taking selling.
Asian shares mostly declined yesterday on uncertainty about the sovereign debt issue in Greece, Spain and Portugal. Japan's Nikkei stock average sank 1.1 percent to a two-month low at the close. South Korea's Kospi fell 0.9%, while Hong Kong's Heng Seng Index lost 0.6%. But Singapore's Straits Times Index gained 0.4.
Wall Street delivered a bad lead to Asian market today. US stocks plunged overnight as financials tumbled after President Barack Obama proposed stricter limits on financial institutions' risk-taking. Obama's plan will prevent financial institutions that own banks from investing in, owning or sponsoring a hedge fund or private equity fund.
Asian markets Friday opened broadly higher as Wall Street rallied for a second consecutive day after some good corporate earnings. Yesterday the major indices posted strong gains. Hong Kong's Hang Seng Index rose 3.6% while Shanghai Composite jumped 3.1%. Japan's Nikkei 225 Average rose 1.8% and South Korea's Kospi added 1.2%.
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