Asian shares rose, led by exploration shares as oil surged on
worries that a military strike was imminent against Syria.
On Wednesday, the U.S. and the U.K. said they were prepared to
take military action against Syria, without authorization from the
United Nations Security Council, after the concluding the regime
was responsible for a chemical weapons attack against its
Japan's July retail sales fell 0.3% from a year earlier, marking
their first annualized drop since April, the Ministry of Economy,
Trade and Industry. The figure trailed expectations for a 0.6%
increase in a Reuters survey of analysts.
South Korea's current-account surplus was $6.77 billion last
month, the Bank of Korea said. That compares with a surplus of
$7.24 billion in June and a record surplus of $8.64 billion in May.
On a seasonally adjusted basis, the current-account surplus rose to
$4.97 billion from $4.79 billion in the previous month.
In ADR news, Shanda Games (
) posted a profit of 374.4 million Chinese yuan ($60.6 million), or
CNY1.40 ($0.22) an American depositary share, up from CNY308.4
million, or CNY1.10 an ADS, a year earlier. Excluding stock-based
compensation and other items, per-ADS earnings rose to CNY1.50
($0.24) from CNY1.20. Revenue slipped 4% to CNY1.09 billion, or
$175.6 million. Analysts surveyed by Thomson Reuters expected a
per-ADS profit of $0.20 on revenue of $175 million. SNDA expects Q3
sales to rise 3% to 4% sequentially.
China Life Insurance (
) posted a 68% jump in half-yearly net income.
) said it would ensure its subsidiary's stability amid antigraft
Asia Entertainment & Resources (
) cut its six-month dividend to $0.08 per share from $0.12 per
share, beginning with the six-month dividend payable for 2013.
China Ming Yang (
) says Q2 sales fell 32.7% to RMB537.4 million (US$87.6 million)
from a year ago. Basic and diluted loss per share was RMB0.51
(US$0.08), wider than the RMB0.25 loss a year ago.
The Nikkei ended up 0.91% at 13,459.71, the Hang Seng up 0..84%
at 21,704.78 and the Straits Times up 1.13% at 3,038.03.
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