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Thursday, October 11, 2007
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Equity News
Oct 11 2007 4:48AM
STOCKS NEWS ASIA-Asian ADRs ease on U.S. profit worries
 (For the latest on global markets, click [MKTS/GLOB\]) 
    HONG KONG, Oct 11 (Reuters) - Asian stocks listed on Wall 
Street <.BKAS> slipped 0.4 percent, in line with declines in U.S. 
shares as lacklustre corporate results early in the U.S. 
reporting season raised concerns about the outlook for profits. 
    Asian firms with U.S. earnings such as Canon Inc 
<CAJ.N><7751.T>, Sony Corp <SNE.N><6758.T> and HSBC Holdings 
<HBC.N><0005.HK> all fell. 
    The blue-chip Dow <.DJI> shed 0.6 percent a day after 
reaching a record high as Alcoa Inc <AA.N>, the first Dow 
component to announce its result, fell after its earnings missed 
analysts' estimates. 
    The market was further pressured by news that Boeing Co 
<BA.N> expected delivery delays of its Dreamliner jet. 
    But the tech-heavy Nasdaq Composite Index <.IXIC> climbed 
nearly 0.3 percent, helped by further gains in Google <GOOG.O>. 
    MSCI's measure of Asia Pacific stocks excluding Japan 
<.MIAPJ0000PUS> climbed 1.2 percent on Wednesday to reach a fresh 
record closing high. 
    -- HEADLINES: 
>Dow, S&P fall on Boeing delay, profit outlooks    [nN10285979] 
>Philips cuts LCD stake in $2.2 bln deal           [nHKG280478] 
>Boeing to delay first delivery of 787 for 6 months[nN10273646] 
>Bank of Queensland yr cash profit rises 22 pct    [nSYU003257] 
>U.S. August wholesale inventories rise 0.1 pct    [nN10234154] 
>Australian miner Murchison bids $889mln for Midwest[nSYD167354] 
>Nintendo to launch Wii Fit game in Dec, shares up   [nT272396] 
>Dollar falls on expectations Fed will ease again  [nN10279993] 
>Oil rises $1 on winter supply worries              [nSP161342] 
>ADR Report-ADRs fall as financials drag           [nN10237304] 
    -- 
    KEY INDEXES                                   pct change 
    Bank of New York Asia ADR index <.BKAS>            -0.39 
    Dow Jones Industrial Average <.DJI>                -0.61 
    Nasdaq Composite Index <.IXIC>                     +0.27 
    MSCI Asia Pacific ex-Japan <.MIAPJ0000PUS>         +1.17 
    Nikkei futures in Chicago <2NKc1>                 17,280 
    Nikkei futures in Osaka <JNIc1>                   17,230 
    -- 
    ASIAN ADR ACTION: 
    5 most actively traded:                 price change/pct 
    TSMC               <TSM.N><2330.TW>                +0.75 
    Infosys Tech       <INFY.O><INFY.BO>               +2.45 
    UMC                <UMC.N><2303.TW>                -2.90 
    BHP Billiton       <BHP.N><BHP.AX>                 +0.69 
    LG.Philips         <LPL.N><034220.KS>              +0.56 
    -- 
    Top 5 performers:                       price change/pct 
    Genetic Tech       <GENE.O><GTG.AX>                +8.36 
    Videsh Sanchar     <VSL.N><VSNL.BO>                +5.82 
    SK Telecom         <SKM.N><017670.KS>              +5.01 
    Rio Tinto          <RPT.N><RIO.AX>                 +3.85 
    Yanzhou Coal       <YZC.N><1171.HK>                +3.74 
    -- 
    Bottom 5 performers:                    price change/pct 
    Asia Satellite     <SAT.N><1135.HK>                -7.00 
    APT Satellite      <ATS.N><1045.HK>                -5.82 
    Alumina            <AWC.N><AWC.AX>                 -5.52 
    Internet Initiative<IIJI.O><3774.T>                -4.76 
    China Southern     <ZNH.N><1055.HK>                -4.71 
    -- 
    TOP ASIA EVENTS: 
    For more Asian company earnings, see [ASIA/EQTY] 
    JAPAN     - August machinery orders data 
              - Bank of Japan interest rate decision and Governor 
                Toshihiko Fukui news conference 
              - Sony Corp <6758.T> financial unit lists 
    S.KOREA   - Bank of Korea monthly rate-setting meeting, 
                result around 0200 GMT 
    HONG KONG - Bosideng International Holdings <3998.HK> lists 
    AUSTRALIA - Labour force data, September, 0130 GMT 
              - Bank of Queensland <BOQ.AX> annual profit 
    S.E ASIA  - Thailand Sept consumer confidence 
    INDIA     - Infosys Technologies <INFY.BO> quarterly results 
    -- 
 ((Reporting by Ian Chua, editing by Jacqueline Wong; 
[email protected]; Reuters Messaging: 
[email protected]; +852 2843-6540)) 
    For top Asian company news, double click on:       [nTOPEQA] 
 U.S. company news    [TOP/EQU]  European company news [TOP/EQE] 
 U.S. weekly outlook     [.N/O]  European weekly outlook [.EU/O] 
 Forex news           [TOP/FRX]  Global Economy news [TOP/MACRO] 
 Tech/Telecoms/Media  [TOP/TMT]  Banking news          [TOP/FIN] 
 Political/General news  [TOP/G] Asia Macro data      <ECONASIA> 
    ASIA STOCK MARKETS: 
 Pan-Asia........[STXNEWS/AS] Japan.......[.T]   S.Korea...[.KS] 
 S.E. Asia.......[.SO]        Hong Kong...[.HK]  Taiwan....[.TW] 
 Australia/NZ....[.AX]        India.......[.BO]  China.....[.SS] 
    DIARIES & DATA: 
 IPO diary/data  <ASIA/IPOMENU>  Asia earnings diary [ASIA/EQTY] 
 U.S. earnings diary  [RESF/US]  European diary     [WEU/EQUITY] 
 Hong Kong diary     [HK/DIARY]  Wall Street Week Ahead   [.N/O] 
 Eurostocks Week Ahead  [.EU/O] 
   LIVE PRICES & DATA: 
 World Stocks      <0#.INDEX>     Asian Stocks      <0#.INDEXA> 
 Dow Jones/NASDAQ  <.DJI>/<.IXIC> Nikkei                <.N225> 
 FTSE 100          <.FTSE>        Debt     <0#USBMK=> <EURIBOR> 
 Currency rates    <AFX=> <EFX=> <NFX=> 
Keywords: MARKETS ASIA 
  Source:   

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