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Asia Market Update

Australia Announces $5.6 Billion Flood Relief Package
Jan 27, 2011 8:52 AM ET
Stocks in Sydney traded flat with mining stocks firming during the day. P.M. Julia Gillard announces flood relief package of A$5.6 billion including a progressive tax levy. Crane Group enters into a two-day trading halt pending finalization of a revised takeover offer from New Zealand-based Fletche >>

Nikkei Gains; Japan Trade Surplus Surges 153% in 2010
Jan 27, 2011 8:07 AM ET
Japanese stocks closed higher ahead of earning outlook and U.S. economy. Trade surplus surges 153.4% to 6.77 trillion yen in 2010. Canon Inc full year net surges 87% to 246.6 billion yen. Toyota recalls 245,000 Lexus cars in the U.S. >>

Shanghai Index Gains 1.5%; Property Curbs Tightened Further
Jan 27, 2011 8:08 AM ET
Shanghai stocks gained by nearly 1.5% while the key stock index in Hong Kong dropped on Wall Street concerns. China increased the upfront payment for second home buyers from 50% to 60% to cool prices. NRDC fines retail giants Carrefour and Wal-Mart for overpricing at check-out point. >>

Sensex Drops 1.5% on Inflation; India and Indonesia Target $25 Billion Trade
Jan 27, 2011 8:07 AM ET
Stocks in Mumbai tumbled 1.5% after the release of the latest weekly wholesale data. India and Indonesia set a bilateral trade target of $25 billion by 2015. SpiceJet said third quarter net declined 13% to $21 million from a year ago. >>

Investors Buy as U.S., European Indexes Trade Higher
Jan 24, 2011 4:04 PM ET
U.S. indexes traded higher as merger deals bolstered trading sentiment. Markets in Europe closed up and commodities gained. Intel proposed to increase $10 billion stock buy-back plan. U.S. Treasury plans to sell Citigroup Class A and B warrants tomorrow that may fetch as much as $330 million. >>

India to Lift Interest Rates; Reliance, ICICI Net Surge
Jan 24, 2011 8:58 AM ET
Stocks in Mumbai traded higher. ICICI Bank third quarter profit rose 30.5%. Insurance industry regulator confirmed that public offering guideline for life insurance companies will be ready in this fiscal year. New power plant addition target may be revised lower. >>

China Region Stocks Drop; China Property Curbs Expanded
Jan 24, 2011 6:28 AM ET
Shanghai and Hong Kong indexes lose on liquidity concerns ahead of Lunar New Year day. China’s economy is expected to expand 9.8% in 2011 with 3.7% inflation. China Petroleum & Chemical Corp crude oil production and refining rose sharply in 2010. >>

Nikkei Rises 0.7%; Japan Debt Estimated at 1,000 Trillion Yen by 2015
Jan 24, 2011 4:51 AM ET
Japanese stocks gain for the first time in three days led by automakers. The Japanese Diet starts its 177th session today. Cabinet Office predicts the government debt is likely to touch 1,000 trillion yen by 2015. Toyota Motor sold 7.53 million vehicles in 2010. >>

World Markets Trade Higher on GE, Google Earnings and German Confidence
Jan 21, 2011 4:04 PM ET
U.S. stocks rallied in the early trade but struggled in the afternoon. Better than expected earnings from GE and Google lifted indexes and improved confidence in Germany also contributed to positive sentiment in Europe. Copper, coffee and cotton gained in commodities trading. Euro gained 0.8%. >>

Sensex, Rupee in India Decline; BHEL Net Surges 31%
Jan 21, 2011 5:45 AM ET
Stocks in Mumbai moved in a narrow range to close lower for the day and gained 0.8% in the week. Jindal Steel & Power plans to export a million tons of iron ore concentrate from its Bolivian mine. BHEL net surges 31% in the third quarter. >>



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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