Tokyo  Nikkei  9097.56  -2.16%
Seoul   KOSPI  1869.45  -3.82%
Shanghai SSEC  2526.82  -3.79%
Hong Kong HSI 20490.57  -2.17%
Singapore STI  2884.00  -3.70%
Mumbai    BSE 16990.18  -1.82%
Sydney   AORD  4056.70  -2.71% 
    
1. Asian Stocks Fall after US Debt Downgrade
Tokyo shed 2.18% and Seoul sank 3.82%. Hong Kong was 2.2% lower while Shanghai lost 3.8%. Singapore and Taiwan dropped 3.7% and 3.82% respectively. Gold hit a record US$1,704.30 an ounce in Hong Kong.
 
2. Toyota Global Ranking Drops to No.3
Japan's top automaker sold 3.7 million vehicles around the world in the first half of 2011, lagging behind General Motor and Volkswagen, which sold 4.5 million and 4.13 million units.
 
3. China Sells US$6.5B Japan Debt in June
It marked the first time China had sold medium and long term debt of Japan at the same time in 9 months. China also sold US$110 million of short term notes as the yen advanced 1.2% against the dollar. 
 
4. S Korea Temporary Suspends Kosdaq Trading
The trading of shares on S Korea's junior Kosdaq index was temporarily halted after the index tumbled more than 10% for more than one minute, triggering automatic curbs.
 
5. Malaysian Airline Said to Tie-up AirAsia
Both companies suspended trading after local media reported that the biggest shareholders of the two firms would get stake from each other and they will combine their flight frequencies and destinations.
 
6. Japan Current Account Surplus Narrows to US$6.7B
The surplus in June was down 50.2% from a year earlier and worse than expected, following the 51.7% decline in the previous month. The trade balance fell 82.7% on year.
 
7. Orient Oversea H1 Profit Slumps 86%
Net income of the biggest container line in Hong Kong was US$175 million in the 6 months ended June 30. It handled 2.44 million 20-foot containers in the period, up 9.4% from a year earlier.
 
8. Bangchak Expects Revenue to Hit US$5.04B
Thailand's state-owned refiner set a higher revenue target this year because of higher oil prices and crude processing capacity. Bangchak's capacity will increase to 100,000 barrels per day in the second half from 90,000 barrels currently.
 
9. Waves from Storm Threaten Chinese Chemical Plant
Waves as high as 20 meters broke a dike in northeastern city Dalian, and it threatened to hit the compound of Fujiahua chemical plant that has toxic chemicals. The waves were caused by Tropical Storm Muifa.
 
10. Malaysia Landslide Kills 7 Villagers
Local police said hundreds of searchers used tracker dogs to execute 8-hour rescue missions, finally found 2 survivors and recovered 7 bodies near the Cameron Highlands hill resort. Dozens of families were evacuated.