Sunday November 22, 10:55 PM
STOCKS NEWS ASIA-Shares to make sluggish start
MELBOURNE, Nov 23 (Reuters) - Asian stocks are seen trading
weaker on Monday following a soft session on Wall Street on
worries about an anemic recovery, while tech stocks could come
under pressure after Dell (NASDAQ: DELL - news) results missed expectations.
The news of a 54 percent slide in Dell's quarterly profit
rounded off a rocky week for the U.S. technology sector, which
has been a market darling since March as investors bet on a
strong recovery spurring corporate and consumer spending. For
details, see Shares fell 10 percent.
The Standard & Poor's 500 Index dropped 3.52 points,
or 0.32 percent, to 1,091.38. The Nasdaq Composite Index
slipped 10.78 points, or 0.50 percent, to 2,146.04.
Regional markets may lack a strong lead, with Tokyo closed
for a public holiday. Last week, the Nikkei (news) stock average posted
its first four-week losing streak in over a year.
Australian shares were set to open steady, with share index
futures 7.0 points lower at 4,694.0 points, but still at
a premium of 8.2 points to the 4,685.7 close in the underlying
S&P/ASX 200 index on Friday.
New Zealand's benchmark NZX (NZX.NZ - news) 50 index stood 0.2
percent higher at 3,121.5 in early trade.
HEADLINES:
> Healthcare bill passes first U.S. Senate test
> Global stocks slip, dollar gains on economy fears
> Hershey (NYSE: HSY - news) mulls $17 bln solo bid for Cadbury (LSE: CBRY.L - news) -source
> Putin announces more aid as Russia exits crisis
> US Senate sets hearing on Bernanke's renomination
> Vivendi (VIV.NX - news) , GE agree to interim payment on NBCU stake
> Obama wants US economy-wide climate plan -official
> Ohio sues Moody's, S&P, Fitch for inflated ratings
> D.R. Horton results miss estimates; shares fall
> Terra shareholders elect CF nominees to board
> Rocket hits luxury hotel in Kabul, 4 wounded
> Powers urge Iran to reconsider nuclear offer
--
KEY INDEXES pct change
Bank of New York Asia ADR index +0.57
Dow Jones Industrial Average -0.14
Nasdaq Composite Index -0.50
MSCI Asia Pacific ex-Japan -0.74
Nikkei futures in Chicago +0.21
Nikkei futures in Osaka -0.53
--
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC -0.29
Siliconware -2.12
UMC -1.12
Infosys Tech 0.55
LG (003550.KS - news) .Philips (PHIA.NX - news) 3.75
Top 5 performers: pct change
Nomura Hld 6.21
Internet Initiative 4.80
Orix (Frankfurt: 851769 - news) 4.13
LG.Philips 3.75
Mitsubishi UFJ 3.51
Bottom 5 performers: pct change
China Eastern -5.60
Prana Biotech -4.88
Patni Computer -3.54
Webzen (A069080.KQ - news) -3.52
Siliconware -2.12
--
TOP ASIA EVENTS:
For more Asian company earnings, see
TOKYO
- National Holiday, Labour Thanksgiving Day
HONG KONG
- 1130 (0330) News briefing to be hosted by Erwin Sanft,
Head of China and Hong Kong Research at BNP Paribas (BNP.NX - news)
Securities Asia, on China equities market in the next decade.
- 1600 (0800) Hang Seng Indexes Co Ltd news conference to
announce the new initiatives of the company and to mark the
40th anniversary of the Hang Seng Index
- Strong Petrochemical Holdings Ltd H1 results.
SYDNEY
- Sales of new motor vehicles October 1130/0030
- National Australia Bank Chief Executive Cameron
Clyne speaks at Australia Israel Chamber of Commerce
- James Hardie half-year results
NEW ZEALAND
- Ryman Healthcare Ltd Half yr results
(Reporting by Victoria Thieberger; editing by Jonathan Standing)
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