Aeon Co., Ltd
TYO:8267 ISIN:JP3388200002
News
Asian Activities Report for January 4, 2012 includes: LDK Solar Co., Ltd. (NYSE:LDK) has agreed to acquire approximately 33% increased share capital in Sunways AG (ETR:SWW) and has also offered to takeover all outstanding shares in Sunways; Mitsui & Co., Ltd. (TYO:8031) says that its joint venture company Galaxy NewSpring Pte. Ltd. will operate two new water treatment plants in China; Nomura Holdings, Inc. (TYO:8604) has reached an agreement to invest in Jiu You Quan Xing Equity Investment Fund, a private equity fund based in Shanghai; Diploma Group Limited (ASX:DGX) has achieved Practical Completion on its Eleven 78 development on Hay Street in West Perth; AEON CO., LTD. (TYO:8267) announced that its subsidiary, Petcity Co., Ltd. will be merging with AHB International Inc..
US shares overnight declined, led by telecommunications sector. Sprint Nextel officially unveiled a new mobile phone able to tap into super-high speeds. Sprint Nextel rallied but all other telecom fell on competitive worries. Portugal's credit rating downgrade also weighed on the US market. Most Asian markets posted modest gains Wednesday. Japan's Nikkei index was up 0.4. China's Shanghai Composite and Hong Kong's Heng Seng Index advanced 0.1 per cent each, helped by strong corporate earnings reports. South Korea's Kospi slightly declined by 0.05 per cent.
Wall Street overnight gained for an eighth consecutive session with a low trading volume. Thursday US weekly jobless claims data and core consumer prices in February provided mild support for the market. Most Asian markets declined yesterday. Japanese exporters were hurt by the weakness in euro against yen. Nikkei 225 lost nearly 1.0 per cent, and South Korea's Kospi dropped 0.5 per cent. Hong Kong and mainland China markets gave up their early gains to close lower on Thursday on renewed fears that China might take further measure to control the pace of bank lending. Shanghai composite closed down 0.14 percent, while Hang Seng Index fell 0.25 percent.
Wall Street broke the four-day run of gains overnight as a higher-than-expected US Producer Price Index in November raised concerns on inflation. Asian markets ended mixed Tuesday. China's Shanghai Composite and Hong Kong's Hang Seng Index fell after China's State Council said it plans to cool the rapidly rising residential property prices in some cities.
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.
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.
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