Tokyo  Nikkei  9965.09  +0.98%
Seoul   KOSPI  2145.30  +0.92%
Shanghai SSEC  2812.82  +1.94%
Hong Kong HSI 22770.47  +1.66%
Singapore STI  3153.44  +0.46%
Mumbai    BSE 18814.48  +0.28%
Sydney   AORD  4670.40  +0.48% 
  
1. China Stocks Erase 2011 Loss
The Shanghai Composite Index gained 53.46 to close at 2,812.82, the highest close since May 20. The gauge erased this year's loss of as much as 6.7% on speculation inflation may be peaking and fiscal policies will support the economy.
 
2. Mongolia Names 3 Parties to Develop Coal Mine
Peabody Energy, a venture between Shenhua and Mitsui and a Russia-led consortium have been picked as preliminary winners of a mine that has estimated reserves of 6B tons of coal. 
 
3. Mitsubishi, Blackstone Said to Join US$1.7B Bid 
The Japanese house and US private equity will join with Kenedix and Global Logistic Properties to submit bids for certain properties in Japan. The sales would be the biggest since 2007. 
 
4. S Korea Giant Said to Buy Stake in Canadian Firm Stake
Mirae Asset was in talk to purchase a stake in BetaPro Management. Edaily reported that the South Korea’s biggest mutual fund company may acquire a 60% stake in BetaPro. 
 
5. CononoPhilips Say China Oil Field Leakage Cleaned up
The US giant said an oil leak at the oilfield in Bohai Bay has been contained and clean-up work is close to completion. The leak affected an area of about 200 square meters.
 
6. Japan Raises Economic Assessment in 7 of 9 Regions
The revision implied the recovery of the nation's economy from the Mar 11 quake. The northeast is making progress in restoring production and business facilities.
 
7. Vietnam Cuts Repurchase Rate to 14%
The central bank cut the rate by 1 percentage point after the country's consumer prices jumped 20.82% in June from a year earlier, the quickest pace since November 2008.
 
8. Thailand Banks Offer US$508.8M Loan to Ford
The new facility will strengthen Ford's local production and export capabilities. The U.S. auto maker plans to introduce 8 new Ford models in Thailand over the next 5 years.
 
9. $22 billion in gold, jewels found at India temple
Government officials said it found billions of dollars in gold coins, precious stones and jewels at a 16th century temple in south region. The 6 vaults containing treasures had been sealed for more than 150 years.
 
10. S Korea Shooting Kills 4
A corporal went on shooting rampage, killing 4 fellow marines and wounding another on a Yellow Sea island base near the country's tense border with North Korea.