Mitsubishi Electric Corporation

2nd Annual Smart Grid China Summit 2011 will be held on June 9-10 in Beijing, China. It will leverage on advanced technologies and equipments in tapping the burgeoning smart grid market. The 1st annual event in 2010 was a great success and attracted more than 150 delegates from the smart grid industry, 10% of which are from grid operators and power distributors, 27% from primary and secondary equipment suppliers, 24% from IT technology & service providers, 18% from R&D institutes and 14% from consultants and investors.

Asian shares are expected to remain rising after a rebound in most markets yesterday. On Tuesday China's Shanghai Composite rose 0.5%, Taiwan's Taiex surged 2% and South Korea's Kospi added 1.1%. Hong Kong's Hang Seng Index gained 1.2% spurred by Swiss banking major UBS's return to profit.

Renesas Technology Corp. and NEC Electronics Corp. (TYO:6723) could receive a total of 200 billion yen in financial assistance from their parent companies to proceed the proposed merger, said Japanese media.

Most Asian markets opened firmer Thursday following Wall Street's rebound overnight lifted by better-than-expected economic figures.

Today the Asian markets include Japan, Hong Kong and South Korea opened higher following the upbeat sentiment in the US market. Nikkei was up by over 2% in early trade. China's Shanghai Composite opened lower but soon returned to the positive territory in early trade.