Suzuki Motor Corporation
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Asian Activities Report for February 8, 2012 includes: Great Wall Computer Company Limited (SHE:000066) has agreed to form a strategic sales and manufacturing partnership with Satcon Technology Corporation (NASDAQ:SATC); Anhui SaunaKing Co., Ltd. (SHE:300247) has proposed to acquire and invest in Saunalux; Suzuki Motor Corporation (TYO:7269) will establish a 50:50 joint venture company with Intelligent Energy Holdings PLC ("IEH") of UK, in February 2012, for developing and manufacturing fuel cell system.
Asian Activities Report for January 10, 2012 includes: Xinjiang Guanghui Industry (SHA:600256) has agreed to acquire 51% interest in an oil and gas block in Kazakhstan for US$200 million; Asian Citrus Holdings Limited (LON:ACHL) (HKG:0073) announces that the total winter orange crop yield of the Company's two operational plantations was approximately 171,607 tonnes, a 19.4% increase from the total winter orange crop yield in 2010; Sony Corporation (NYSE:SNE) (TYO:6758) has unveiled its new XQD(TM) memory cards with up to 1 Gbps write and read speed; Suzuki Motor Corporation (TYO:7269) has showcased Ertiga, a three-row, seven-seater multi-purpose vehicle at the 11th Auto Expo 2012 in New Delhi.
Most Asian markets ended lower yesterday on fears of a possible downgrade of Greek debt. Japan's Nikkei lost 1.0 per cent while a rising yen weighed on exporters. Taiwan market fell 1.4 per cent and South Korean's Kospi declined 1.6 per cent. But China's Shanghai Composite rose 1.3 per cent, as investors were expecting an annual parliament session in March may reaffirm China's relatively loose monetary policy.
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.
US stocks ended higher overnight on a bigger-than-expected rise in existing home sales for November. The used-home sales jumped 7.4 per cent, having increased more than double the economists' expectations.
US stocks fell on Tuesday on disappointing corporate news and renewed worries over global credit markets. Asian stocks mostly opened lower today with Australian and Japanese markets slashed sharply at opening.
Asian shares fell broadly yesterday following the sharp losses in Wall Street. Japan's Nikkei index extended its falling streak for the third trading session to a 26-year low. In Seoul, Kospi slumped 3.2%. China market, which is said as one of the world's best performers, saw a most massive drop of 4.6% in Shanghai Composite Index. Hong Kong's Hang Seng Index dropped 2.9% with China-related stocks tracking movements in Shanghai.
Asian markets opened higher today after Wall Street's gains. Yesterday Asia's major indexes closed broadly weaker on the further gloomy economic data of the US. Tokyo and Shanghai markets were slightly down while Hong Kong stocks gained 0.9% on hope of Chinese government's support to the mainland shares.
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