Asian markets mostly dropped on Wednesday. Resources shares across the region were hit by falling metals prices. Japan's Nikkei 225 fell 1.5 per cent, South Korea's Kospi shed 1.0 per cent and Hong Kong's Hang Seng Index lost 0.8 per cent. The markets also weighed down by U.S. consumer confidence and German business sentiment. But China's Shanghai Composite rebounded 1.3 per cent as monetary tightening worries eased.
ABN Newswire stocks to watch today include: Emergent Resources Limited (ASX:EMG), Benitec Limited (ASX:BLT)(PINK:BNIKF), Legend Mining Limited (ASX:LEG) (PINK:LGDMF) and Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF).
Benitec Limited (ASX:BLT)(PINK:BNIKF) licensee company Tacere Therapeutics, Inc. announced today that Pfizer (NYSE:PFE) has exercised the option, granted in a collaboration and license agreement previously announced in January 2008, to further develop and commercialise Tacere's Hepatitis C Virus (HCV) compounds.
The Australian sharemarket extended last week's losing streak as latest report of China's growing manufacturing activity raised fears on a new round of credit tightening by the Chinese government. The S&P/ASX200 fell 45.5 points, or 1 per cent, to 4524.1, while the broader All Ordinaries index today lost 52.1 points, or 1.1 per cent, at 4544.8.
ABN Newswire stocks to watch today include: WestSide Corporation Limited (ASX:WCL), Texon Petroleum Limited (ASX:TXN), Pan Asia Corporation Ltd (ASX:PZC), Anglo Australian Resources NL (ASX:AAR) (PINK:AAURF), Benitec Limited (ASX:BLT) (PINK:BNIKF) and CityView Corporation Limited (ASX:CVI) (OTC:CTVWF).
Benitec Limited (ASX:BLT) (PINK:BNIKF) are delighted to announce the appointment of Dr John Chiplin to the Board.
Benitec Limited (ASX:BLT) (PINK:BNIKF) provide an update on progress of one of the pending US continuation patent applications derived from the Graham '099 patent (90/007,247).
