Asian stocks gained, with Japan jumping on better-than-expected
Machinery orders rose 4.9% from a year earlier in June, beating
the 2.6% increase projected by economists in a Bloomberg
Additional support stemmed from a Nikkei report that Prime
Minister Shinzo Abe is also mulling a corporate-tax cut.
Meanwhile in Australia, a survey published by National Australia
Bank showed business sentiment fell to minus three in July from
zero in June. A reading below zero indicates that pessimists
A separate reading of business conditions, which include
profitability, employment levels and forward orders, remained at a
four year low of minus seven, unchanged from the previous
In ADR news, Sina (
) reported Q1 adjusted EPS of $0.21 on $157.5 million in revenue.
Analysts surveyed by FactSet had forecast EPS of $0.12 a share on
$145.6 million in revenue.
ChinaCache International (
) says its self-service CDN platform, Webluker, will integrate its
CDN and other services with Windows Azure China and provide these
services to customers in China, and will migrate its hosting to
Windows Azure in China in the meantime. By building on the Windows
Azure technology, CCIH says it will be able to scale Webluker as
its user base grows. Webluker is sold under a "pay-as-you-go"
model, enabling businesses to match the services to their needs and
reduce IT investment, the company says.
Simcere Pharmaceutical (
) says Q2 sales from continuing operations were RMB483.0 million
(US$78.7 million), below estimates for $91.58 million. EPS from
continuing operations were RMB0.16 (US$0.03), below estimates for
The Nikkei ended up 2.57% to 13,867, the Hang Seng up 1.21% to
22,541.13 and the Straits Times up 0.37% at 3,244.12.
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