Tokyo  Nikkei  8560.26  Holiday
Seoul   KOSPI  1697.44  -5.73%
Shanghai SSEC  2433.16  -0.41%
Hong Kong HSI 17668.83  -1.36%
Singapore STI  2698.80  -0.80%
Mumbai    BSE 16162.06  -1.22%
Sydney   AORD  3978.50  -1.64% 
   
1. Asia Stocks Fall to 7-month Low
MSCI's Asia Pacific index outside Japan fell 3% to its lowest level since May 2010 amid fears that the developed world is stumbling back into recession. Seoul's KOSPI was hit hardest with a lost of 5.73%.
 
2. Isuzu to Spend as Much as US$390M in China Venture
The joint venture plant between the Japanese automaker and China's Qingling Motor will produce heavy duty Giga series and also double capacity of small and midsize trucks to 200,000 units.
 
3. Alibaba.com Jumps 7% on PE Investment into Parent
Yunfeng Capital, Silver Lake and DST Global bought shares of just under 5% in Alibaba.com's parent by leading a tender offer. The transaction valued Alibaba group at US$32 billion. 
 
4. Singapore Inflation Rises to 5.7%
The Aug consumer price index was the fastest pace since 2008, compared with 5.4% in July. The central bank of the nation expects the inflation to be between 4% and 5% this year. 
 
5. China Banks Total Liabilities Climb 16% on Year
The regulatory body of the nation said total liabilities gained to US$15.28 trillion at the end of Aug. The banks' total assets jumped 16.6% to US$16.32 trillion in the period.
 
6. Korea Investment Corp Plans US$200M Purchase in China
The nation's sovereign fund expects HK dollar and China yuan will appreciate significantly in the future. It is also planning to buy more Bank of America shares.
 
7. Cypark to Develop Solar Farm in Malaysia
The listed company in Kuala Lumper signed a preliminary agreement with LG Electronics to develop a 8 megawatt solar farm. Cypark also signed a US$23.57 million loan with HSBC local unit.
 
8. Philippines Expects US$1.1B Investment from Japan Visit
President Benigno Aquino will begin his tour to Japan next week, which will be accompanied by a 137-member business delegation. The delegates will meet with 10 Japanese companies. 
 
9. S Korean Reporters Detained by China near NKorea
Seoul media reported that 4 journalists, a researcher and a guide were taken into custody on suspicions of spying while on a reporting trip near China's border with North Korea.
 
10. Malaysia Resort Forced to Scrap Miss Bikini Night
The beach resort in Muslim-majority country cancelled a publicity event for an international "Miss Bikini" pageant after officials warned it could promote indecent behavior.