Tokyo  Nikkei  8374.13  -2.17%
Seoul   KOSPI  1652.71  -2.64%
Shanghai SSEC  2393.18  -1.64%
Hong Kong HSI 17407.80  -1.48%
Singapore STI  2654.31  -1.65%
Mumbai    BSE 17408.80  -1.48%
Sydney   AORD  3927.60  -1.28% 
 
1. Asia Stocks Fall as Europe Fears Deepen
Japan's Nikkei 225 dropped 2.17% as leaders of Europe struggled to find a plan to solve the debt crisis.  Hong Kong's Hang Seng Index lost 1.48% while China's Shanghai Composite fell 1.64%. Bangkok tumbled more than 8%. 
 
2. PCCW Expects to Raise up to US$1.28B
The HK-based telecommunication giant said it plans to spin off its telecommunication assets as a listed business trust, which was based on a minimum market capitalization of US$3.67 billion.
 
3. Singapore Aug Output Climbs 21.7% on Year
Manufacturing production growth rate was up from a revised 7.6% in July. On a monthly basis, industrial production jumped a seasonally adjusted 3.9% last month, compared with a revised 0.4% gain in July.
 
4. KNOC to Sell 29% Stake in Gulf of Mexico Oil Field
S Korea's state-owned oil explorer wants to sell the stake in the Ankor field at the end of this month to National Pension Service and other investors. KNOC currently owns a 80% stake.
 
5. China Development Bank to Seek US$900M Loans
The state-owned bank was arranging a US dollar US$500M offshore loan and a US$400M loan onshore. The loan will be borrowed by CDB's Hong Kong unit.
 
6. Toyota Considers Shifting Korea-bound Camry Output to US
The Nikkei Business Daily reported that the rise of yen to historic high was forcing Japan's export-oriented manufacturers to mull cost cutting moves.
 
7. Vietnam Economy Grows 5.7% in First 9 Months
The annual growth rate was down from 6.5% a year earlier, but the government has kept the 5.7% target rate unchanged. Inflation in the first 9 months jumped to 18% from 8.6% a year earlier.
 
8. Thailand Exchange Temporary Halts Silver Futures
The suspension was executed at 9:45am local time as price of the silver futures dropped by the 10% limit, but trading recommenced at 10:15am. The daily price limit will be expanded to 20% of the last settlement price, the exchange said.
 
9. India Floodings Leave 31 Dead
Heavy rain in the northern region caused mud-walled homes to collapse and killed at least 31 people over the weekend. It is expected the rain will continue for another 2 days while rescuers are trying to reach affected villages.
 
10. N Korea Premier Visits Beijing
Prime Minister Choe Yong-Rim left on Monday to pay an official goodwill visit at the invitation of his Chinese counterpart Wen Jiabao. He is said to be close to Kim Jong-Un, son and heir apparent of the N Korea leader Kim Jong-Il.