Sunday October 25, 10:57 PM
STOCKS NEWS ASIA-Shares seen dipping; tech may rise
MELBOURNE, Oct 26 (Reuters) - Asian stocks are set to dip on
Monday as a series of weak results for U.S. industrial companies
weighed on Wall Street, but technology firms could gain support
from stronger results within that sector.
The main U.S. share indices closed as much as 1.2 percent
down but the tech-heavy Nasdaq (NASDAQ: news) lost only 0.5 percent.
Shares of technology bellwether Microsoft Corp (NASDAQ: MSFT - news)
jumped 5.4 percent to $28.02 and online retailer Amazon.com Inc soared 26.8 percent to $118.49 after earlier climbing to
a lifetime high of $119.65..
U.S. crude oil futures ended down for a second day in a row
on Friday as worries about the pace of economic recovery and weak
oil demand amid bulging stockpiles pressured the market, after
prices jumped to a 2009 high last week.
Japanese shares are expected to open weaker, with the Nikkei (news)
futures traded in Chicago 35 points below the closing
level in Osaka.
Australian shares are seen falling on Monday, led lower by
Wall Street. December share price index futures settled
28 points lower at 4,824, a 35.4-point discount to the underlying
S&P/ASX index's close on Friday.
HEADLINES:
> Microsoft results top expectations, shares jump
> US Sept existing home sales rebound to 2-year high
> US near to filing complaint against Intel (NASDAQ: INTC - news) -sources
> U.S. bank failures passes 100 mark for 2009
> Bernanke presses for reforms, eyes bank capital
> Oil falls toward $80 as dollar firms, stocks fall
> Whirlpool (NYSE: WHR - news) , Fortune see better US home market
> Obama sees consensus growing on climate chg bill
> Iran ignores deadline, delays reply on UN atom deal
> Karzai wants 'better' Afghan vote, 'inclusivity'
--
KEY INDEXES pct change
Bank of New York Asia ADR index -1.61
Dow Jones Industrial Average -1.08
Nasdaq Composite Index -0.50
MSCI Asia Pacific ex-Japan +1.26
Nikkei futures in Chicago 10,255
Nikkei futures in Osaka 10,290
--
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC -1.67
UMC -1.64
Siliconware -1.87
Infosys Tech 0.89
Mitsubishi UFJ -4.41
Top 5 performers: pct change
Genetic Tech 4.93
Dr. Reddy 3.71
China Life 3.28
CNOOC (0883.HK - news) 2.04
James Hardie 1.11
Bottom 5 performers: pct change
Tom Online (8282.HK - news) -5.85
Nomura Hld -4.51
Mitsubishi UFJ -4.41
Alumina (Frankfurt: 164281 - news) -4.17
NTT Docomo (Berlin: MCN.BE - news) -3.95
--
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Shin-Etsu Chemical Co H1 results
- Matsui Securities H1 results
- JFE Holdings H1 results
HONG KONG - Public Holiday, Chung Yeung Festival
- Anhui Conch Cement Co Ltd Q3 results
- China CITIC Bank Corporation Ltd
Q3 results
- China Life Insurance Co Ltd
Q3 results
AUSTRALIA - Producer price indexes, September
TAIWAN - Asustek Computer launches new PC
- Chi Mei Optoelectronics Q3
investor teleconference
STH KOREA - Q3 GDP estimates
- Korea Electric Power Corp Q3 results
INDIA - Ranbaxy quarterly result.
For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General (3166.KL - news) news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO (IPOA.NX - news) diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates For expanded, multimedia Reuters Top News visit: * 3000 Xtra: visit http://topnews.session.rservices.com * THOMSON ONE: visit topnews.thomsonone.com/topnews * ReutersStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com Keywords: MARKETS ASIA/
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