In Asia Tuesday China’s Shanghai Composite Index slid 0.3% to 3,042 and Hong Kong’s Hang Seng Index dipped 0.1% to 23,601. In Japan the Nikkei 225 Index fell 0.3% to end the day at 9,377.
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Singapore Exchange agreed to buy Australian exchange ASX for A$8.4 billion ($8.3 billion).
The Singapore Exchange offer is worth A$48 per share of ASX, a 37% premium over the company’s closing price on Oct. 22, Bloomberg News reported. The two exchanges will be separate legal entities and subject to local regulation.
The new company aims to compete with competitors such as the…
Continue reading Singapore Exchange to Buy ASX for $8.3 Billion
Singapore Exchange to Buy ASX for $8.3 Billion originally appeared on DailyFinance on Mon, 25 Oct 2010 08:15:00.
Filed Under: Company News, Technology, Investing, Stocks in the News, Market News
In Asia Friday Japan’s Nikkei 225 Index rose 0.5% to 9,427 and Hong Kong’s Hang Seng Index slid 0.6% to 23,518. In China the Shanghai Composite Index edged down 0.3% to end the day at 2,975.
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In Asia Friday China’s Shanghai Composite Index slid 0.7% on new numbers out of Beijing that indicate the Chinese economy is indeed cooling off. Meanwhile, Hong Kong’s Hang Seng Index increased 0.4%, and in Japan the Nikkei 225…
In Asia Monday, Hong Kong’s Hang Seng Index fell 1.2%, dragged down by banking shares after news broke that five Taiwanese lenders are suing HSBC over its involvement with a Ponzi scheme. China’s Shanghai Composite Index slid 0…