Asian markets are set to deliver a positive start on Wednesday. US stocks rose to a fresh 17-month high overnight as the US Federal Reserve acknowledged the U.S. economy was gaining momentum and reiterated that the central bank will keep interest rates low for an extended period. Yesterday Asian shares closed mixed ahead of Federal Reserve and Bank of Japan's policy meetings. Japan's Nikkei 225 fell 0.3 per cent after three-day gains; however, China's Shanghai Composite rebounded from falls in previous two sessions. Hong Kong market shed 0.3 per cent as coal mining shares were hurt by China Shenhua's disappointing earnings.
Company News
Chuo Mitsui Trust and Banking Co, a subsidiary of Chuo Mitsui Trust Holdings Inc. (
Japan's Shinsei Bank (
Singapore listed data storage products supplier, Swing Media Technology Group Ltd. (SIN:5BQ), Tuesday said it is seeking a listing on the mainboard of the Hong Kong stock exchange. Swing's main manufacturing operations are in Hong Kong and Taiwan, and one of its main markets is China. Swing said it is currently in negotiations with several professional parties to assist in the proposed listing.
China Shenhua Energy Co. (
Contact
Michelle LiangAsia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net
Related Companies
Swing Media Technology Group Limited
Chuo Mitsui Trust Holdings Inc.
China Shenhua Energy Company Limited
Related Industry Topics: