NTDTV
Market Report – Asian Shares Edge Higher
(NTDTV)
In today’s market report… Asian shares edged higher ahead of key economic data due later in the week.
ICBC, the world’s largest bank by market value, agreed to buy a 19-percent stake in ACL Bank from Bangkok Bank for almost $105 million.
Shanghai Pudong Development Bank, which is partially owned by Citigroup, said it had completed a private share placement worth $2.2 billion. The Shanghai stock exchange rose on the news.
Japan’s Nikkei was flat in cautious trade ahead of the Bank of Japan’s tankan business survey on Thursday and U.S. jobs data Friday.
Toyota edged lower following a massive U.S. recall announcement, while rival Honda gained on a slightly weaker yen against the dollar.
Technology shares in the region continued a recent advance, with Taiwan’s chip giants TSMC and UMC supporting the gains.
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