US stocks posted a strong gain overnight boosted by better-than-expected home sales. Existing-home sales increased by 10.1 per cent to a 6.1 million annual rate, from 5.54 million in September, the National Association of Realtors said. The US dollar was weaker on Monday on expectations that the interest rate would remain at near zero.
Peak Sport Products Co., Limited (HKG:1968) a well-known branded sport products company in China, announced encouraging sales order results for its 2010 second quarter sales fair. The order book value grew by 35% year-on-year.
Asian bourses opened mixed on Thursday after Wall Street posted a small gain overnight. US dollar's rebound provides an excuse for investors to lock in profits from the recent rallies. Hong Kong's Hang Seng Index pared its early gains this morning after a touch of a fresh 15 month high. Tokyo stocks fell on jitters over a series of corporate fund raising plans.
Asian stock markets were broadly lower Friday following the weakness in Wall Street. Chinese shares also fell on profit taking, but airline equities rose across the board on a new pricing mechanism of fuel surcharge to take effect this weekend.
Bossini International Holdings Limited (HKG:0592) announced today its annual results for the year ended 30 June 2009. Despite the unprecedented global financial tsunami, the Group remained profitable with a healthy balance sheet and a positive financial position. Revenue for the year under review just declined slightly by 3% to HK$2,254 million (2008: HK$2,317 million).
China's largest down apparel company, Bosideng International Holdings Limited ("Bosideng" or the "Company"; HKG:3998, together with its subsidiaries the "Group") announces further brand portfolio expansion to enrich its product mix. The Group's wholly-owned subsidiary Shanghai Bosideng Fashion Design Development Centre Co., Ltd. entered into an agreement with a famous ladies' wear brand in the PRC "Charming Point" on 29 September 2009.
Overnight Wall Street was lower for a second consecutive session on a weak home sales report. The National Association of Realtors said sales of existing homes fell 2.7 per cent in August to an annual rate of 5.10 million units, breaking a string of four increases in six months. The surprise drop in home sales raised more concerns over the economy recovery strength.
