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Asia Market Update

India Stocks Firm on Domestic Outlook
Mar 10, 2010 4:58 PM ET
Stocks in India traded higher on the expectations of higher domestic consumption and the government pledge to trim budget deficit. Bolivia moves to scrap contract with Jindal Steel to invest in iron ore mines. Patel Engineering gets government approval for coal linkage for its power plants. >>

Tokyo: Machinery Orders, Producer Prices Decline
Mar 10, 2010 8:11 AM ET
Stocks in Japan struggle after wholesale prices declined for the fourteenth month in a row. Machinery orders index, the measure of business investment and future outlook declined 3.7% in January after surging 20% in December. Beer shipments decline 6.3% in February. >>

Financials Rally in NY; Cisco, Telcos Active
Mar 09, 2010 5:08 PM ET
U.S. stocks closed fractionally higher as financials surged on a speculation that the U.S. is preparing to sell its 27% stake in Citigroup. Telecom surged after Cisco released faster and cheaper router to process video data. Sony Corp targeted higher sales of 3D televisions. >>

Vehicles Sales Surge 46%, Chinese Developers Up
Mar 09, 2010 4:19 PM ET
Property stocks gained after a central bank official said that China does not need additional lending curbs and the current measures are already working. Total vehicles sales surged in February by 46%. >>

Sensex in India Declines; Tata Motors, NMDC Fall
Mar 09, 2010 11:01 AM ET
Mumbai stocks struggled on the anniversary day when world markets traded at multi-year lows a year ago. The Sensex has doubled in a year on the improving global economic outlook. Tata Motors declined 3% after Daimler AG sold its 5.3% stake that it held since 1954. >>

Japan Economic Indicators Positive; Stocks Down
Mar 09, 2010 9:07 AM ET
The economic measure indicting economic activities increased in January as exports strengthen and unemployment declines to 10-month low. Sony Corp is targeting to sell 25 million LCD TVs and 2 million 3D models in the next fiscal year beginning April 1. The yen gains against the euro and the dollar. >>

China Southern to Raise $1.6 B; Stocks Rise
Mar 08, 2010 6:03 PM ET
Stocks in Hong Kong surge tracking gains in the U.S. markets after unemployment was unchanged in February at 9.7%. China Southern Airline plans to raise 10.75 billion yuan to repay some of its 60 billion yuan debt. ICBC said 2009 loan growth was the fastest in three years. >>

Deals Drive World Markets; U.S. Stocks Struggle
Mar 08, 2010 5:30 PM ET
U.S. stocks struggled at close. MetLife agreed to acquire life insurance division of AIG for $15.5 billion. Royal Dutch Shell and PetroChina bid for Arrow Energy in Australia. Oil stays firm and the dollar inches lower. LyondellBasel prefers its restructuring to the offer from Reliance Industries. >>

JFE in Japan Agrees to 55% Iron Ore Price Hike
Mar 08, 2010 9:55 AM ET
Japan January exports surged 41% and imports increased 7% as exports to the U.S., EU and China rebound for the second month in a row. Current account swings to a surplus from a year ago month. JFE Holdings agreed to a 55% increase in price in a quarterly contract. >>

Banks in India Surge, Essar $3 B Offering
Mar 08, 2010 9:27 AM ET
Banks in India surged after finance minister Mukherjee sought Parliament approval to permit banks to sell more shares. Rupee edged higher. Essar Group agreed to acquire Trinity Coal Corp for $600 million and is said to prepare securities offering in London for as much as $3 billion. >>



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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc