Suning Appliance Co., Ltd.
SHE:002024 ISIN:CNE000001KF2
News
Asian Activities Report for December 19, 2011 includes: NTT Data Corporation (TYO:9613) is planning to commence a demonstration program in late January 2012 in Beijing, China; Hitachi (TYO:6501) and Founder Group (SHA:600601) have signed a cooperative agreement to provide SaaS cloud computing technology to the Chinese market; Electronics retailer Laox Co., Ltd. (TYO:8202), a subsidiary of Chinese home appliances retailer Suning (SHE:002024), will open its first store in China on 31 December 2011; China Internet Information Center (china.com.cn) and CMMB Vision Holdings Limited (HKG:0471) have signed an agreement to collaborate on multimedia services worldwide.
Most Asian stock markets were lower Friday due to some profit taking selling before the release of US non-farm payrolls data.
Asian markets received a strong lead from Wall Street and mostly opened higher this morning. But gains were trimmed in Tokyo share market after a stronger yen weighed on Japanese exporters. Meanwhile, concerns over companies' massive capital raising plans continue to dent the local sentiment.
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