Asia News
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Sony, Panasonic Withstand Strong Yen With Forecasts
Sony Corp. and Panasonic Corp., the world’s largest consumer-electronics makers, signaled Japanese technology companies are withstanding slowing European demand and the stronger yen after raising their earnings forecasts .
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Nomura Profit Declines to 2.3 Billion Yen on Investment Banking, Trading
Nomura Holdings Inc. , Japan’s biggest brokerage, said profit fell 80 percent in the first quarter on a slump in investment banking and trading.
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Chalco Shares Rise on $1.35 Billlion Investment in Guinea Iron Ore Project
Aluminum Corp. of China Ltd. , the nation’s biggest producer of the metal, rose the most in more than four months in Shanghai trading after agreeing to buy a stake in Rio Tinto Group’s Simandou iron ore project in Guinea.
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KB Financial Posts Loss as Provisions for Soured Construction Loans Rise
KB Financial Group Inc. , owner of South Korea’s largest bank, reported an unexpected second- quarter loss as it set aside more provisions against soured construction loans.
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EQUITY INDEXES
| Nikkei | 9537.30 | -158.72 | -1.64% |
| TOPIX | 849.50 | -11.77 | -1.37% |
| Hang Seng | 21029.80 | -64.01 | -0.30% |
| S&P/ASX 200 | 4493.50 | -30.60 | -0.68% |
| Shanghai | 2637.50 | -10.61 | -0.40% |
CURRENCIES
| USD-JPY | 86.2920 | -0.4940 | -0.57% |
| USD-HKD | 7.7671 | 0.0002 | 0.00% |
| USD-SGD | 1.3606 | -0.0030 | -0.22% |
| AUD-USD | 0.8987 | -0.0018 | -0.19% |
COMMODITIES
| Oil (WTI) | 77.74 | -0.62 | -0.79% |
| Gold | 1170.70 | -0.50 | -0.04% |
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