Tokyo  Nikkei  9038.74  +1.05%
Seoul   KOSPI  1806.24  +0.27%
Shanghai SSEC  2549.18  +0.91%
Hong Kong HSI 19783.67  +2.34%
Singapore STI  2821.09  -2.18%
Mumbai    BSE 17130.51  +1.62%
Sydney   AORD  4207.40  +2.70% 
 
1. Asian Stocks Rebound from Rout
The MSCI Asia Pacific Index jumped 2.1% as the US Federal Reserve pledged to keep its interest rate at a record low through mid-2013. Japan's Nikkei 225 Stock Average gained 1.1%. Hong Kong's Hang Seng Index rose 2.3%. 
 
2. China July Exports Climb 20.4% on Year
Exports growth was up from 17.9% in the previous month. Imports gained 22.9%, compared with 19.3% gain in June. Exports jumped to US$175.1 billion and imports valued US$143.5 billion, while trade surplus expanded to US$31.48 billion. 
 
3. Singapore Airline Orders US$2.3B Aircraft
The carrier purchased eight more Boeing 777-300ER aircrafts that have a total list price of US$2.3 billion. Cathay Pacific Airways will aldo buy four 777-300ER for US$1.091 billion and eight 777-200F for US$2.191 billion.
 
4. S Korea Unemployment Rate 3.3% in July
The seasonally-adjusted jobless rate was unchanged from the previous month and lower than expected. The country added 335,000 jobs compared to the previous year.
 
5. HSBC Unloads US$30B US Risk-weighted Assets
The Hong Kong-listed bank sold its US credit card and retail service business to Capital One. The deal will help HSBC to book a post-tax gain of US$2.6 billion.
 
6. Singapore Cuts Export Growth Forecast
The country expects non-oil domestic exports to grow 6% to 7% in 2011, lower than a previous growth forecast of 8% to 10%. Its GDP in Q2 dropped an annualized 6.5% from the previous quarter.
 
7. China July Passenger Car Sales Climb 6.7% on Year
The country sold 1.01 million units last month. Total vehicle sales gained 2.2% to 1.28M. For the first 7 months, passenger car sales jumped 5.9% to 8.1 million while total vehicle sales increased 3.2%.
 
8. Philippine Exports Drop Most since 2009
Shipments abroad fell 10.2% from a year earlier to US$4.1 billion, compared with a 3.1% decline in May. Electronics sales plummeted 23.9% to US$2.21 billion. 
 
9. North, South Korea Exchange Fire along Sea Border 
S Korean marines has returned fire after 3 N Korean artillery shells fell into waters near the sea border. S Korean forces have been on high alert in the area since a North attack killed 4 people in November on S Korea's Yeonpyeong Island.
 
10. China's First Aircraft Carrier Starts Sea Trial
The ship is former Soviet craft that China acknowledged a month ago it was rebuilding for research and training, fueling concerns about its growing military strength amid regional territorial disputes.