Tokyo  Nikkei  9449.46  +0.07%
Seoul   KOSPI  2083.35  -0.78%
Shanghai SSEC  2750.29  +0.22%
Hong Kong HSI 22661.63  -0.91%
Singapore STI  3102.98  -0.42%
Mumbai    BSE 18394.29  -0.55%
Sydney   AORD  4608.70  -0.70% 
 
1. Japan Current Account Surplus Narrows 70%
The Apr surplus lowered to US$5B due to supply-chain disruptions by a record earthquake, which exceeded 34.3% drop in Mar. Separately, outstanding loans held by Japanese banks were down 0.7% from a year earlier.
 
2. Swire Pacific to Increase Loan Size to US$1.16B
The HK property investment firm will raise the 5-year loan size from US$772M. Some of the proceeds will be used to refinance a loan of US$448M which signed in 2006. 
 
3. S Korea Final Q1 GDP Expands Lower Than Expected
The 1.3% quarter-on-quarter increase in the 3 months ending Mar was compared with an Apr estimate of 1.4% gain. For a yearly basis, the economy grew 4.2%, equal to the earlier estimate. 
 
4. MSM Malaysia Said to Set IPO Price at Top End
The biggest sugar refiner of the nation may price its initial public offering at US$1.16 each, after the institutions had bid for 50 times more than shares available. 
 
5. Taiwan Exports Gain 9.5% on Year
The May increase was the slowest pace in 19 months and higher than expected, compared with 24.6% in Apr. Imports jumped 19.3% for a trade surplus of US$1.22B. 
 
6. China Net Purchases of Japan's LT Debt Reach Record
China brought US$16.6B in long term debt in Apr, the biggest amount since records began in Jan 2005. It also sold US$18.3B of short-term debt in the same period. 
 
7. Ssangyong Targets 50,000 SUVs Export to China
The S Korea carmaker expected to reach the target by 2013. It sold 16,000 units to China between 2005 and 2010.
 
8. Singapore Sees Economy to Grow 6.2% in 2011
The central bank of the nation said a survey of analysts show the economic growth forecast, which was higher than earlier estimate of 5.7%. The inflation was expected to climb 4.1% this year.
 
9. Speeding Bus Flips off Bridge, Killing 21 in India
The incident happened just before midnight when the bus tried to overtake a truck and flipped over the bridge into a dry gully. Only 2 people including the driver survived.
 
10. N Korea Test-Fired Short-range Missile
S Korea media said Pyongyang fired a short-range missile off its west coast in the middle of last week, the first launch for 19 months. N Korea made a series of threats against Seoul last week.