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Australian Market Report of April 23, 2010: A Cautious Day

🕔4/23/2010 1:30:38 PM

Australian shares extended losses by 0.5 per cent in early trade on Friday, ignoring Wall Street's small gain overnight. Asian stock markets opened mixed today as investors are cautious with concerns about Greece's shaky finances. The Australian dollar opened slightly lower against the US dollar this morning, but hit a new high against the euro overnight. On the economic front today, Australian Bureau of Statistics releases international trade price indices for March.

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Korean Air (SEO:003490) Posted Record Quarter Operating Profit

🕔4/15/2010 10:05:01 AM

South Korea's biggest airline Korean Air Co. (SEO:003490) Wednesday posted a record first-quarter operating profit as economic recovery helped to increase outbound travel and cargo business. Operating profit for the three months ended March 31 jumped to KRW220.2 billion from KRW6.6 billion a year earlier.

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Midas Holdings (SIN:5EN) JV Won CNY474M China Metro Train Contract

🕔4/13/2010 11:00:41 AM

Singapore-listed metal products group Midas Holdings Ltd. (SIN:5EN) Monday said its Sino-foreign joint venture, Nanjing SR Puzhen Rail Transport Co. (NPRT), was awarded a CNY474 million contract to supply metro train sets for the Suzhou Metro Line 1 Project in China.

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Asian Markets Overview of April 8, 2010: Osaka Gas(TYO:9532) Currently Not Seeking CBM LNG Long-Term Contracts

🕔4/8/2010 1:30:54 PM

Overnight US stocks broadly declined after new figures from the Federal Reserve showed that consumer credit dropped unexpectedly in February. The sharp plunge in consumer credit was an indication that households are still in a cautious frame of mind despite U.S. economic recovery. Asian markets opened lower this morning following the drops in Wall Street. But Wednesday most Asian stocks gained, helped by stronger oil prices and upbeat corporate earnings. Hong Kong's Hang Seng surged 1.8 per cent, while China's Shanghai Composite fell 0.3 per cent as real estate shares were hurt by fears of further measures to cool the property market. Japan's Nikkei 225 posted a 0.1 per cent rise and South Korea's Kospi Composite finished nearly unchanged.

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Asian Markets Overview of April 6: Daimler (ETR:DAI) to Seal Three Way Deal with Nissan (TYO:7201)- Renault(EPA:RNO)

🕔4/6/2010 1:30:40 PM

US stocks on Monday rose to a fresh 18-month high on improved economic data. The market was encouraged as the Labor Department Friday released nonfarm payrolls report which showed a biggest job increase in three years. In addition, better-than-expected figures in service and real estate sectors also helped to support the US shares. Asian markets mostly opened higher on Tuesday. Resources shares today could be stronger after oil and metals prices rose. Asian stocks closed higher on Monday with Japan's Nikkei 225 ended at a new 18-month high for the third straight session. Regional volume was light, as markets in Australia, New Zealand, China, Hong Kong and Taiwan were shut for holidays. Most of these markets resume trading today, but Hong Kong bourse remains closing for Ching Ming Festival.

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Asian Markets Overview of March 24, 2010: BG (LON:BG) and CNOOC to Sign LNG Deal Up to A$80 Billion

🕔3/24/2010 1:30:56 PM

Wall Street's rallies overnight provided a positive lead to Asian markets on Wednesday. Dow and S&P 500 Tuesday surged to 18-month highs led by blue-chip industrial stocks. Nasdaq was also buoyed by signs of improved semiconductor market. Asian markets closed mixed on Tuesday. Energy shares in the region rose after the price of crude oil rebounded above US$81 a barrel on the New York Mercantile Exchange. Japan's Nikkei 225 fell nearly 0.5 per cent due to stronger yen against euro. China's Shanghai Composite lost 0.7 per cent. But South Korea's Kospi gained 0.6 per cent. Hong Kong's Hang Seng Index advanced 0.3 per cent.

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Asian Markets Overview of March 12, 2010

🕔3/12/2010 1:30:21 PM

Banking shares continued to push the US market higher overnight, despite resources and industrial sectors were hurt by worries that China may tighten its policy to cool the overheating economy after the country's latest inflation data. Consumer price index for February in China rose a faster-than-expected 2.7% in February from a year earlier. Thursday Asian markets closed mixed. Several major markets dropped after Chinese economic data. Japan's Nikkei index was up 1 per cent and Hong Kong's Hang Seng Index inched up 0.1%. Taiwan's Taiex lost 0.4 per cent and South Korea's Kospi shed 0.3 per cent. China's Shanghai Composited gave up most of its early gains and closed with a 0.1 per cent gain.

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