Shares in Asia slid lower Monday. In Japan the Nikkei 225 Index tumbled 1.1% to 9,951 and in China, the Shanghai Composite Index dipped 0.1% to 2,935. In Hong Kong, the Hang Seng Index fell to a five-month low, losing 0.6% and ending the day at 19,551. Continue reading Asian Shares Slide, Apple Co-Founder Chats up Toyota Prius Asian Shares Slide, Apple Co-Founder Chats up Toyota Prius originally appeared on DailyFinance on Mon, 08 Feb 2010 07:10:00. Filed Under: Economy , Investing Permalink | Tweet this! | Comments

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Asian Shares Slide, Apple Co-Founder Chats up Toyota Prius

Markets were mixed in Asia Monday. In Hong Kong, the Hang Seng Index climbed 0.6% to 20,244 and in Tokyo the Nikkei 225 Index added 0.1% to end the day at 10,205. In China, the Shanghai Composite Index fell 1.6% to 2,941. Continue reading HK Jewelry Sales Sparkle, Japanese High-Tech Toilet Maker Surges HK Jewelry Sales Sparkle, Japanese High-Tech Toilet Maker Surges originally appeared on DailyFinance on Mon, 01 Feb 2010 06:45:00. Filed Under: Economy , Investing , Acadia Pharmaceuticals Permalink | Tweet this! | Comments

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HK Jewelry Sales Sparkle, Japanese High-Tech Toilet Maker Surges

Hewlett-Packard ( HPQ ) has lost its crown as the world’s largest tech company based on revenue. Samsung posted 2009 sales of $117 billion, about $3 billion more than HP for the last fiscal year. According to the FT , Samsung ” is expected to surpass its US rival again this year – its 2010 sales are forecast at $127bn, compared with $120bn from HP.” Continue reading Samsung Overtakes HP as the World’s Largest Tech Firm Samsung Overtakes HP as the World’s Largest Tech Firm originally appeared on DailyFinance on Fri, 29 Jan 2010 05:00:00. Filed Under: Technology , Earnings , Hewlett-Packard , Toyota , General Motors Permalink | Tweet this! | Comments

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Samsung Overtakes HP as the World’s Largest Tech Firm

Shares in Asia closed lower Friday. In Japan, the Nikkei 225 Index lost 2.1%, ending the week at 10,198. In Hong Kong, the Hang Seng Index fell 1.2% to 20,122 and in China, the Shanghai Composite Index shed 0.2% ending the day at 2,989. Continue reading Asian Markets Sink, Wal-Mart Deal Good News for Li & Fung Asian Markets Sink, Wal-Mart Deal Good News for Li & Fung originally appeared on DailyFinance on Fri, 29 Jan 2010 07:00:00. Filed Under: Economy , Investing Permalink | Tweet this! | Comments

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Asian Markets Sink, Wal-Mart Deal Good News for Li & Fung

In Asia Monday, the Shanghai Composite Index added 0.4%, ending the day at 3,237. In Japan, the Nikkei 225 Index fell 1.2%, to 10,855 and in Hong Kong the Hang Seng shed 0.9% to close at 21,460. Hong Kong’s MTR Corp. rose 2.1% after the territory’s government approved an $8.6 billion project to build a high-speed train connecting Hong Kong to China and its booming economy. With a completion date slated for 2015, the new link would cut the journey time from Hong Kong to Guangzhou in half, with travelers arriving in 48 minutes. Continue reading MTR Shares Climb in HK on Approval of High-Speed Link with Mainland, JAL Continues to Plunge MTR Shares Climb in HK on Approval of High-Speed Link with Mainland, JAL Continues to Plunge originally appeared on DailyFinance on Mon, 18 Jan 2010 07:15:00. Filed Under: Economy , Investing Permalink | Tweet this! | Comments

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MTR Shares Climb in HK on Approval of High-Speed Link with Mainland, JAL Continues to Plunge

Most Asian stocks rose Tuesday with Japan’s Nikkei 225 Index gaining 0.8% to close at 10,879. In China, the Shanghai Composite Index climbed 1.9% to 3,274 and in Hong Kong the Hang Seng lost 0.4%, ending the day at 22,327. Continue reading JAL Plunges 45%, Chinese Automakers Gain and Hong Kong Property Predicted to Rise JAL Plunges 45%, Chinese Automakers Gain and Hong Kong Property Predicted to Rise originally appeared on DailyFinance on Tue, 12 Jan 2010 07:05:00. Filed Under: Economy , Investing Permalink | Tweet this! | Comments

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JAL Plunges 45%, Chinese Automakers Gain and Hong Kong Property Predicted to Rise

Shares in Asia were mixed Thursday. In Japan, the Nikkei Index gained 3.8% closing at 9,978, and in Hong Kong the Hang Seng Index gained 1.2%, ending the day at 22,554. Meanwhile in China, the Shanghai Composite Index fell 0.2% to 3,265 — its first decline in four days. Japanese investors rejoiced as the yen sank to its lowest value against the dollar in five days, sending stock prices higher. Shares in Japanese car companies made huge gains today. Toyota ( TM ) and Honda ( HMC ) both earn more than 50% of their profits in overseas markets and a weaker yen means they receive more money when converting cash into their home currency. Toyota surged 5.6% and Honda climbed 4.2%. Mitsubishi Motors ( MMTOF ) catapulted 12.6% higher after an announcement that it is in discussions with Paris-based Peugeot Citroen to form a partnership that would include manufacturing electric cars. Continue reading The sky’s the limit for Hong Kong real estate stocks, Japanese carmakers climb as yen inches lower The sky’s the limit for Hong Kong real estate stocks, Japanese carmakers climb as yen inches lower originally appeared on DailyFinance on Thu, 03 Dec 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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The sky’s the limit for Hong Kong real estate stocks, Japanese carmakers climb as yen inches lower

Filed under: Economy , Investing Shares in Asia recouped some of yesterday’s losses as benchmark indexes rose. In China the Shanghai Composite Index climbed 2.1% to end the day at 3,290, and Hong Kong’s Hang Seng Index rose 0.8% to 22,612. In Japan the Nikkei Index closed at 9,442 — up 0.4%. Chinese mining companies soared today after gold hit a new high of $1,177 per ounce. Shandong Gold Mining surged to its maximum 10% daily limit, Zijin Mining ( ZIJMF ) climbed 6.5% and Zhongjin Gold gained 5.4%. Other metals companies also moved forward with Baoshan Iron & Steel surging 8.5% and Jiangxi Copper ( JIXAY ) gaining 3.8%. Continue reading Chinese banking shares stabilize while car and mining stocks soar Chinese banking shares stabilize while car and mining stocks soar originally appeared on DailyFinance on Wed, 25 Nov 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Chinese banking shares stabilize while car and mining stocks soar

Filed under: Technology “A chicken in every pot and a car in every garage.” –Herbert Hoover, 1928. Federal regulators plan to propose a way to get inexpensive broadband to every person in the U.S. According to several media sources, The Federal Communications Commission will offer a program for the federal government to take an activist role in expanding broadband, and may add a tax to phone bills to help fund it. Two months ago, the Berkman Center at Harvard laid out a plan for universal U.S. broadband. It said that building the necessary infrastructure of the program could cost as much as $350 billion. Continue reading Cheap broadband for every American Cheap broadband for every American originally appeared on DailyFinance on Wed, 18 Nov 2009 05:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Cheap broadband for every American

Filed under: Economy , Investing In Hong Kong Wednesday, the Hang Seng index lost 0.3%, ending the day at 22,840. In China, the Shanghai Composite Index rose 0.6% to close at 3,303, while in Japan, the Nikkei Index fell 0.6% to 9,677. In Hong Kong, property companies led the decline, as fears that a property bubble pumped up by excessive speculation on the part of mainland Chinese buyers, may be looming. According to the Economist , prices are now just 13% below the astronomical levels they reached in 2008 , just before the financial crisis. Continue reading Asian real estate shares plummet, steep fall for Buffett’s BYD Co. Asian real estate shares plummet, steep fall for Buffett’s BYD Co. originally appeared on DailyFinance on Wed, 18 Nov 2009 06:45:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Asian real estate shares plummet, steep fall for Buffett’s BYD Co.