Tokyo  Nikkei 10004.20  Holiday
Seoul   KOSPI  2180.64  -0.91%
Shanghai SSEC  2866.02  -2.26%
Hong Kong HSI 23315.20  -1.35%
Singapore STI  3113.76  -1.26%
Mumbai    BSE 18460.62  -0.40%
Sydney   AORD  4813.80  -0.84% 
  
1. China Stocks Fall Most in 2 Month
The Shanghai Composite Index dropped 66.2 to 2,866.02 after the government signaled to investors that more policy tightening measures may be coming. Hong Kong Hang Seng Index also fell 1.4%.
 
2. StandChart Cuts Staff in Q1 as Cost Rises 13%
The Asia-focused bank also said that income in its consumer banking division rose to the low double digits while wholesale banking was up by at least 10%, making the overall income jumping 6%.
 
3. SK Telecom Q1 Profit Climbs 57% on Year
Net income of the biggest mobile carrier in S Korea jumped to US$500 million. It believes that the sales of smart-phones will surpass its target of 10 million subscribers by the end of this year.
 
4. India Service Expands in Apr
The purchasing managers' index rose to 59.2 from 58.8 in Mar, indicating a strengthened consumer demand after the central bank lifted the repurchase rate to 7.25% from 6.75%.
 
5. Citic Resource to Raise US$322M From Rights Shares
The Chinese oil and coal producer plans to issue 1.82 billion rights shares at US$0.17 apiece on the basis of 3 rights shares for every 10 held to fund expansion.
 
6. Overseas Investors' Holdings of S Korea's Bonds up US$1.06B
This was the biggest jump in 6 months and the 3rd monthly gain in a row. Overseas investors held US$71.49 billion of the country's bonds at the end of Apr. China purchased US$31.23 million bonds last month.
 
7. Glencore Sets IPO Range to Raise up to US$10B
The commodity trading firm set up a price range of US$7.91 to US$9.56 per share for the IPO in London and Hong Kong. Glencore could raise up to US$8 billion, while its partners planned to raise US$2 billion.
 
8. Malaysia's Perodua Expects Car Sales Rise 3.4% in 2011
The biggest automaker of the nation said the sales were boosted by the launch of a new model. Perodua plans to invest up to US$84 million to build a plant producing electronic automatic transmission parts.
 
9. Thailand Militants Kill 4
The incident happened in the southern region as the attackers opened fire in a tea shop after troops arrived. The victims included a 16-year-old female and a 14-year-old boy. 13 others were wounded, 8 of them critically.
 
10. N Korea Detains 2 Japanese over Drugs
Pyongyang also deported another. The 3 Japanese admitted the crimes they committed involving drug trafficking and counterfeit money, after entering the North's northeastern city of Rason in Mar.