Industrial technology company Savcor Group Limited (ASX:SAV) today confirmed that it has expanded the operations of its Advanced Rehabilitation Technology (ART) business into China and India.
Meadville Group (HKG:3313)(Chairman's statement) 2008 was a challenging year for the Group. During the first nine months of 2008, we saw global economy slowing down as impacted by the U.S. subprime issue and high inflation. Lehman Brothers' bankruptcy in September 2008 further led to global credit crunch which caused the already fragile global economy to a decline on an unprecedented scale.
Yesterday the Australian share ended 3.1% higher lifted by banks and miners. The benchmark S&P/ASX200 index gained 103.5 points at 3,451.9, while the broader All Ordinaries index was up 96.1 points, or 2.91 per cent, to 3,393.4. Today the local market has delivered a strong opening boosted by Wall Street's rally.
Most Asian markets ended lower Thursday, giving up gains from the previous session. Japan's Nikkei 225 finished down 2.4% as exporters were hit by the stronger yen. Other major indexes including China's Shanghai Composite, Hong Kong's Hang Seng Index and South Korea's Kospi ended with rather small changes as investors were not confident to the economic outlook and waiting for a clear picture.
Yesterday Australian shares plunged sharply, dragged by financial stocks as investors feared the UK banks might need to raise more funds. The unfavorable corporate earnings results also weighed down the market. The benchmark S&P/ASX200 was down 1.5%, or 52.6 points, to 3464.3, while the broader All Ordinaries index lost 1.4%, or 49.1 points, to 3412.2.
Yesterday the Australian shares fell 1.2 per cent after the weak lead from Wall Street last week. The benchmark S&P/ASX200 dropped 42.2 points, or 1.2%, at 3,516.9, while the broader All Ordinaries index was down 35.4 points, or 1%, to 3461.3. Lacking lead from the US, the market attention will be on recent Chinese and Japanese takeover bids for the Australian companies and a string of corporate results.
Asian major indexes were higher Friday after a late-day recovery in the U.S. market. Japan's Nikkei 225 closed up 0.96%, while Korea's Kospi ended 0.5% higher. Shanghai Composite surged 3% to over 2300 points, Hong Kong's Hang Seng Index added 2.47% and Taiwan's main index up 2.1%.
