Tokyo  Nikkei 10132.10  +1.22%
Seoul   KOSPI  2171.23  +1.22%
Shanghai SSEC  2770.79  +0.18%
Hong Kong HSI 22444.80  +2.08%
Singapore STI  3182.95  +1.42%
Mumbai    BSE 18722.30  +1.55%
Sydney   AORD  4674.10  +1.04% 
   
1. Hong Kong Stocks Climb Most in 2 Months
The Hang Seng Index advanced 2.1%, the largest gain since May 31, as concerns on Europe's debt crisis eased. China's Shanghai Composite Index gained 0.18%.
 
2. Singapore Property Prices Jump to Record High
The private residential property prices climbed 2% in Q2, slowing from a 2.2% gain in Q4. The prices has increased for 8 straight quarters after gaining 18% last year.
 
3. Chubu Electric Plans US$1.3B Investment for Tsunami Defenses
Japan's nuclear plant operator will build additional defense facilities at its Hamaoka nuclear plant by the end of 2012. It includes building a wall capable of withstanding tsunami resulting from a magnitude-9 earthquake.
 
4. Posco Q2 Profit Jumps 23% on Year
Net income of the S Korean steelmaker was US$1.3B in the 3 months ended June 30, while operating profit dropped 11% to US$1.66B. It produced 9.28 million tons in last quarter, up 11% from a year earlier.
 
5. Taiwan Unemployment Rate Drops in June
The seasonally adjusted rate slid slightly to 4.4% from 4.41% in May, holding below 5% for the 9th straight month. The number of unemployed people fell to 492,000 in June from 493,000 in May.
 
6. Banpu Expects 2011 Operating Profit to Exceed US$301M
Thailand's biggest coal producer said its net income will be lower than the US$827 million recorded last year because of the absence of extra gain. It earned US$526 million from the sales of investment last year.
 
7. Kia Agrees Tentative Wage Deal 
S Korea's 2nd largest automaker offered a 5.17% increase in basic monthly salary, performance-based pay equivalent to 3 months of salary, US$6,700 of cash bonus and 80 shares per employee.
 
8. Tenaga Posts First Loss in Almost 3 Years
Malaysia's biggest electricity producer reported a net loss of US$147 million in Q3 ended May. Full-year results will be severely affected by coal prices and the acquisition of alternative fuels.
 
9. China Bus Blaze Kills 41
An overcrowded bus that was carrying hazardous goods caught fire in central Henen province. 5 passengers and the driver were pulled out alive from the bus. In 2009, 70,000 people died in road accidents in China according to police statistics.
 
10. North, South Korea to Meet Face-to-face at Forum
Pyongyang agreed to hold talks with the South on the sidelines of Asia's largest security gathering and named a new envoy to stalled disarmament talks. The talks have been stalled since 2008.