Tokyo  Nikkei  9558.30  -0.94%
Seoul   KOSPI  2104.18  -0.75%
Shanghai SSEC  2849.07  -0.77%
Hong Kong HSI 22960.63  -1.36%
Singapore STI  3136.48  -0.86%
Mumbai    BSE 18345.03  -1.01%
Sydney   AORD  4724.20  -1.32% 
   
1. Sumitomo to Invest US$1.2B in Chilean Copper Mine
The Japanese metal giant will own a 45% stake in the mine that had around 1.3 billion tons of recoverable reserves. Production is expected to commence in 2014 with a project development cost of US$2.9 billion. 
 
2. CITIC to Buy Gold One for US$469M 
China's biggest state-owned firm offered 28% more than the closing price last Friday. Gold One operates the Modder East mine in South Africa and also has projects in Mozambique and Namibia.
 
3. Singapore Apr Exports Fall 1.8% on Year
The non-oil exports were down from a revised 9.9% gain in Mar. Electronics shipments declined by 10% from a year earlier, compared with a 14% drop in the previous month. 
 
4. Asia Stocks Decline 1.4%
The MSCI Asia Pacific Index dropped to 134.25 as of Tokyo late afternoon on concern over Greece’s debt. Hong Kong Hang Seng Index fell 1.36% to close at 22,960.63. Japan Nikkei 225 Stock Average sank 0.9% to 9,558.30.
 
5. Japan Core Machinery Order Unexpectedly Gains 2.9%
The month-on-month figure in Mar rose from a revised 1.9% in the previous month and topped expectations. The nation's consumer sentiment also dived to a 2-year low of 33.1 in Apr.
 
6. CICC to Raise US$768M for Takeover Fund
China's top investment bank hopes to complete the first round of fund-raising this month. The money will be used to invest in domestic takeovers, after the nation amended the rules to allow such activities.
 
7. Glencore Lifts Mid-point of Price Range for IPO
The commodity trader narrowed the IPO price range to 520-550 pence per share from its previous guidance of 480-580 pence each for Hong Kong and London listing. It was reported the book is multiple times covered.
 
8. India Inflation Climbs 8.66% in Apr
The annual increase was down from 8.99% in Mar, but still above the forecast. The nation increased the cost of gasoline as much as 8.5%, which would threatens to intensify price gains.
 
9. Detained China Artist Allowed to See Wife
A rights lawyer said Lu Qing was allowed to visit her husband Ai Weiwei, one of China's most prominent artist. Ai was detained by police on April 3 and his detention has been loudly condemned internationally.
 
10. S Korea Launches Major Landing Drill
Thousands of troops including 2,000 marines are involving in the week long exercise. Anti-submarine aircraft and dozens of jet fighters, 15 navy ships and 21 armored landing vehicles were also mobilized.