Asian Activities Report for January 16, 2012 includes: China Southern Airlines (HKG:1055) (SHA:600029) has become a major international sponsor and the official airline for Sydney Festival 2012; Hisense Group (SHA:600060) was honored with the "Value Innovation Award" for its I'TV2 product at the International Consumer Electronics Show (CES) in Las Vegas on January 10th; Chiyoda Corporation(TYO:6366) says that its joint venture company with JGC Corporation (TYO:1963) and Kellogg Brown & Root, has been awarded an engineering, procurement and construction ("EPC") contract for the Ichthys LNG plant facilities in Australia; Bridgestone Corporation (TYO:5108) has developed a revolutionary new printing technology for tires that is different from any tire printing or coloring process on the market today; Elecom Co., Ltd. (JASDAQ:6750) has unveiled its latest USB products, which features a function for encrypting stored data through a strong encryption algorithm called AES 256 bit.
Yesterday Asian markets ended mixed. Japan's Nikkei index was 0.5 per cent lower due to profit-taking after the previous day's sharp gains. China's Shanghai Composite lost 0.9 per cent led by financials on concerns over banks' fundraising plans. Hong Kong shares, however, was pushed higher by property sector stocks.
US stocks fell on Tuesday on disappointing corporate news and renewed worries over global credit markets. Asian stocks mostly opened lower today with Australian and Japanese markets slashed sharply at opening.