Wall Street fell on Wednesday led by healthcare sector as drug maker Pfizer delivered a lower-than-estimate fourth-quarter earnings and disappointing revenue outlook. The market was also weighed by President Barack Obama's pledge on banking and healthcare reform.
Asian markets closed mostly higher on Wednesday as materials shares were boosted by strong commodities prices. Japan's Nikkei average rose 0.3 percent as exporters gained on strong U.S. data and weakness in yen against greenback. But the rises were pulled back by a drop in shares of Toyota Motor Corp after its recall woes hit its sales. South Korea's Kospi added 1.2%, Hong Kong's Hang Seng Index rose 2.2% and China's Shanghai Composite gained 2.4%.
Company News
A consortium made up of Korea Electric Power Corp. (
South Korea's Hyundai Heavy Industries (
Toshiba Corp.(
Rio Tinto Alcan, a subsidiary of Rio Tinto (
Singapored based DBS Group Holdings Ltd. (SIN:D05), Southeast Asia's largest bank by assets, is open to a potential investment in a Chinese bank but has no specific investment targets yet. The bank said it is interested in issuing yuan-denominated bonds in China. The bank expects to open 12 more branches over the next five years in China.
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Korea Electric Power Corporation (KEPCO)
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