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Asia Market Update

Shanghai Indexes Gain; China’s Budget Deficit Falls to 1.6% of GDP
Jan 21, 2011 5:36 AM ET
Shanghai Indexes gain for the day but dropped more than 2.7% in the week. China’s budget deficit in 2010 was 1.6% of GDP well below the official target of 2.8%. China plans to double consumption of natural gas by 2015. >>

Tokyo Indexes Drop More Than 1.5%; Toshiba Wins U.S Metro Railcar Order
Jan 21, 2011 5:16 AM ET
Resource linked stocks in Tokyo led the indexes lower 1.5% today and 2.4% for the week. Transport Ministry plans to allot more slots to Chinese airlines at western Japan airports. Toshiba wins a 30 billion yen order to supply railcar parts to Washington D.C and Chicago metro. >>

Australia Stocks Fall 1%; Woodside Petroleum Revenue Up 20%
Jan 21, 2011 5:03 AM ET
Stocks in Sydney dropped 1% in the week dragged down by weak resource stocks. Shipments at Hay Point terminal drop 22% in December and QR National trims its profit target for the year by 21%. Woodside Petroleum revenues rise 20% on record production at its North West Shelf LNG project. >>

World Stocks, Commodities Decline on China Growth Worries
Jan 20, 2011 4:02 PM ET
U.S. indexes fell on China worries and tech stocks led the market decline after cloud computing related companies fell. China’s fourth quarter growth accelerated and inflation worries prompted a weakness in commodities. Copper, silver and crude oil fell more than 2%. Gold edged 1.5% lower. >>

Shanghai Index Dips 2.9%; China’s GDP Soars 10.3% in 2010
Jan 20, 2011 8:21 AM ET
Shanghai Indexes drop more than 2.8% while the index in Hong Kong drops 1.7%. China’s GDP expands at a better-than-expected 10.3% in 2010. The external outstanding debt of mainland China reaches $546.4 billion at the end of September. >>

Sensex in India Gains; Stubborn Inflation
Jan 20, 2011 8:07 AM ET
Stocks in Mumbai closed higher after fluctuating in negative territory. RBI relaxes debt restructuring norms for the micro finance sector. India and China top labor productivity table in 2010. >>

Nikkei Drops 1%; Auto Insurance Hike Approved
Jan 20, 2011 4:45 AM ET
Japanese stocks indexes declined 1% to 45-day low. Commercial banks were the net buyers of long-term corporate and municipal bonds for the first time in two months. Financial Services Agency endorses a hike in compulsory auto liability insurance policy by 11%. >>

Housing Starts Decline Drag U.S. Indexes, Dollar Lower
Jan 19, 2011 4:13 PM ET
U.S. indexes dropped sharply after latest housing data suggested weak and uneven recovery. Goldman Sachs earnings dropped 53% and American Express cut back office staff. Asian markets rose as exporters gained on Apple sales and earnings. >>

Sensex Declines Again; HCL Tech Net Surges 34%
Jan 19, 2011 6:47 AM ET
Sensex index in Mumbai ended below 19,000 as stocks in technology, oil and gas sectors declined. HCL Technologies reported third quarter profit increased 34.2%. Gail Ltd plans to raise $800 million or 50% of its 2011 capex through a public issue. >>

President Hu Jintao Begins U.S. Visit; Shanghai Index Gains 1.9%
Jan 19, 2011 6:14 AM ET
Shanghai and Hong Kong stocks gained more than 1%. President Hu Jintao began his four-day U.S. trip as trade and defense talks top the agenda. China cuts its U.S treasury holdings to 895.6 billion in November. >>



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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