Korea Electric Power Corporation (KEPCO)
CanAlaska Uranium Limited (CVE:CVV) (OTC:CVVUF) is pleased to announce that it will be attending the PDAC 2011 Mining Convention at the Metro Toronto Convention Centre between March 6 - 9, 2011.
The Australian stock market opened lower on Tuesday, despite gains in Wall Street overnight. In early trade, the S&P/ASX200 index was down 0.17 per cent, at 4587.3 points, while the All Ordinaries index had fallen 0.14 per cent, to 4609.3 points. Materials fell 0.5 per cent, industrials index was down by 0.1 per cent and most banking stocks were lower.
Australian market fell on Wednesday led by financial and energy stocks with low trading volume during the session. The gains in US and Europe markets in previous session fail to inspired investors as they feared more disappointing US economic data could come out.
Australian miner Cockatoo Coal (ASX:COK) has teamed up with Electricity monopoly Korea Electric Power Corporation (KEPCO) (SEO:015760) and Korean steel maker POSCO (SEO:005490) to develop five mines acquired from UK mining company Anglo American (LON:AAL), including two underground coal deposits in New South Wales, and three open-cut coal deposits in Queensland. These undeveloped mines have a total estimated resource of 847-million tons.
Most Asian markets fell Thursday as investors took profit from recent rallies. Resources shares declined across the region after news that International Monetary Fund plans to sell 191.3 metric tons of gold on open markets. Hong Kong's Hang Seng Index lost 0.5 per cent and South Korea's Kospi fell 0.4 per cent. However, Japan's Nikkei stock average rose 0.3 per cent while the Bank of Japan left its interest rate at 0.1%. China, Taiwan and Vietnam markets remained closing on Friday.
Asian markets received a bad lead from the US and European stocks while financial, commodity and materials sectors were all hit hard. Most Asian stock markets ended down Thursday ahead of the U.S. jobs report. Japan's Nikkei fell on the deepening fears over Toyota Motor's vehicle recall. China's Shanghai Composite slipped 0.3%, Hong Kong's Hang Seng Index gave up 1.8%.
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%.
Wall Street delivered a bad lead to Asian market today. US stocks plunged overnight as financials tumbled after President Barack Obama proposed stricter limits on financial institutions' risk-taking. Obama's plan will prevent financial institutions that own banks from investing in, owning or sponsoring a hedge fund or private equity fund.
Asian markets Friday opened broadly higher as Wall Street rallied for a second consecutive day after some good corporate earnings. Yesterday the major indices posted strong gains. Hong Kong's Hang Seng Index rose 3.6% while Shanghai Composite jumped 3.1%. Japan's Nikkei 225 Average rose 1.8% and South Korea's Kospi added 1.2%.
On Friday Asian markets closed mixed in a volatile trading session. Japan's Nikkei 225 Average climbed 1.5%, while South Korea's Kospi rose 0.8%. China's Shanghai Composite was down 1.8% and Hong Kong's Hang Seng Index fell 0.7%. Tokyo stocks slid more than 3 percent on Monday after the news that U.S. government will take a large stake in Citigroup. South Korean stocks also made a weak start today, weighed down by the deepening financial jitters and the weakening local currency.