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Asia Market Update

India Movers: Maruti, Reliance Power Profit Surge; Sesa Goa Net Falls
Jan 25, 2013 7:42 AM ET
Biocon third quarter net climbed 8.1% and Coromandel Intl net declined 47.6%. Maruti Suzuki net more than doubled. Reliance Power net profit soared 30%. Sesa Goa net profit declined 28%. >>

Markets Struggle in New York, European Markets at New Highs
Jan 24, 2013 3:42 PM ET
Stocks in New York struggled to gain after reaching a new 5-year intra-day high. Jobless claims declined to a five year low. Tech stocks were in focus after Apple Inc reported flat earnings and a sharp slowdown in growth. Japan swung to trade deficit and business activities level in Germany improves. >>

Nikkei Halts 3-Day Decline, Apple Suppliers Under Pressure
Jan 24, 2013 9:40 AM ET
Stocks in Tokyo gained for the first time in four days after manufacturing expanded at the fastest pace in five months. The components makers for Apple declined after the phone maker reported stagnant earnings. >>

India Movers: Tata Sky Plans $466 Million IPO, HDIL Plunges 22%
Jan 24, 2013 8:04 AM ET
Andhra Bank third quarter net declined 15.2%. Educomp signed agreement with Kaizen and Bertelsmann for $5 million investment. HDIL tumbled 22% as managing director Sarang Wadhawan lowered his stake. L&T net surged 13% and Reliance Communications profit declined 43.3%. >>

U.S. House Votes to Lift Debt Ceiling Temporarily, Markets Extend Gains
Jan 23, 2013 4:01 PM ET
Financial markets extended multi-year highs after lawmakers in the House passed the temporary debt ceiling. The move will keep the government functioning and provide time till mid-May to work on longer term solutions. Tech stocks gained after earnings. >>

Third Day Decline in Nikkei, TDK Drops 4%
Jan 23, 2013 10:32 AM ET
Nikkei index declined for the third day in a row as investors shifted attention to corporate earnings and the yen firmed. Bank of Japan set a 2% target and pledged to purchase assets from 2014. TDK dropped 4% on the earnings worries. >>

India Movers: Bharti Airtel Hikes Rates, Zee Net Soars 40%
Jan 23, 2013 8:43 AM ET
Bharti Airtel hiked after the telecom carrier lifted tariffs on certain plans. Exide Industries agreed to acquire 50% stake in ING Vysya Life Insurance. Kirloskar Brothers net swung to loss. Zee Entertainment third quarter profit after tax surged 40.5%. >>

Stocks in New York Advance to New Highs, World Markets Struggle
Jan 22, 2013 4:02 PM ET
Market indexes in New York extend recent multi-year high gains and home sales surged 9.2% in 2012. Delta Air, Verizon, Johnson & Johnson and Caterpillar reported mixed earnings. European markets eased and banks were under pressure. Bank of Japan lifted its inflation target to 2%. >>

Bank of Japan Confirms 2% inflation Target, Unlimited Asset Purchase Program
Jan 22, 2013 11:59 AM ET
Stocks in Tokyo traded volatile and shot up 1% after the Bank of Japan confirmed the inflation target revision to 2% and deferred unlimited bond purchase from January 2014. The yen traded higher. >>

India Movers: Asian Paints, Hindustan Unilever, Kotak Mahindra, Pantaloon
Jan 22, 2013 9:52 AM ET
Asian Paints third quarter profit climbed 30.5% and Cairn India profit jumped 48%. Hindustan Unilever third quarter net profit soared 15.6% to Rs 871.36 crore and Kotak Mahindra climbed 25% to Rs 577.21 crore. RCom and RIL are in talks for mobile network expansion. >>



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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