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Asia Market Update

India Movers: Jaiprakash Power Swings to Loss, TCS Up 3.5%
Jan 14, 2013 9:29 AM ET
Jaiprakash Power third quarter net loss swung to a quarterly loss. JSW Steel said third quarter steel production increased 8%. Petronet LNG third quarter climbed 7.8% and Tata Consultancy Services net profit in the quarter grew 3.5% to nearly $700 million. >>

World Markets Stall Near 2-Year High, U.S. Trade Deficit Jumps
Jan 11, 2013 4:42 PM ET
U.S. and world markets hovered near 22-month high and U.S. trade deficit in November widened on global economic recovery. Banks were in focus ahead of earnings next week. The euro traded at a 2-month high. Japan embarked on the largest stimulus since 2008 and inflation in China gained momentum. >>

Nikkei in 9th Weekly Advance on Stimulus Plan and Central Bank Pressure
Jan 11, 2013 10:51 AM ET
Stocks in Tokyo closed higher and closed the ninth weekly advance in a row, the longest weekly increases since 1988. Prime Minister Shinzo Abe proposed $115 billion of stimulus plan and demanded central bank to put maximizing employment on top of its agenda. >>

Infosys Soars 16% on Revenue Guidance and Flat Q3 Profit
Jan 11, 2013 9:27 AM ET
Bajaj Corp third quarter net profit soared 46% and CMC net profit jumped 24%. Infosys third quarter net profit was nearly flat at $434 million. Power Grid raised $500 million in its first foreign currency public offering. >>

India Movers: Engineers India, Gujarat NRE Coke, Infosys, Rolta
Jan 10, 2013 1:53 AM ET
Engineers India declined as government approved disinvestment plan. Gujarat NRE Coke net profit soared. Infosys is scheduled to report third quarter earnings on January 11. Rolta arm wins contract of $31 million. VKS Projects board approved stock split. >>

U.S. and European Markets Retain Positive Tone on Earnings Optimism
Jan 09, 2013 1:08 PM ET
Stocks in New York extended European market gains on the corporate earnings optimism. Italy led the gains in European markets advance and reported record unemployment for the second month in a row. German industrial production barely budged. Nikkei in Japan rose on stimulus hopes. >>

Yen Pullback Lifts Nikkei Again, Seven & I Net Rises
Jan 09, 2013 9:08 AM ET
Two month old rally in Tokyo stocks continued after the yen edged lower and international investors added net positions to Japanese stocks. Education stocks soared on the hopes of a tax exemption for grandchildren schooling gift. Resource sector stocks led the gainers. >>

India Movers: Bharti Airtel, Chemfab, Coal India, IndusInd Bank
Jan 09, 2013 8:19 AM ET
Bank of India rallied on the fund raising plan. Bharti Airtel increased 25% price on data plans. IndusInd Bank third quarter net profit jumped 29.8%. Western India Shipyard secured orders valued $3 million. >>

Nikkei Declines 0.9% on Yen Volatility
Jan 08, 2013 10:36 AM ET
Stocks in Tokyo eased for the second day in a row and the yen struggled to rebound. The Nikkei declined 0.9% and the yen closed at 87.51 to a dollar. Prime Minister Shinzo Abe is expected to announce a broad stimulus package and press for higher inflation target with the Bank of Japan. >>

Educomp Sells Eurokids Stake, PVR to Buy Cinemax
Jan 08, 2013 9:34 AM ET
Educomp agreed to sell its 50% stake in Eurokids International Limited. PVR purchased controlling stake in Cinemax. United Spirits said UK based Diageo plc postponed the purchase of 26% additional stake scheduled on January 7. >>



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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