Reuters Insider - Asia End of Day Market Update April 15, 2015

Tersis Technologies

15/04/2015 13:07

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        An afternoon roundup of Asia market news          
 
 
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Transcript (May be auto-generated)

 Hong Kong stocks returned to the green. Mainland interest still strong for the 
city shares. Investors not too much moved by that economic data coming out of 
China while waiting for fresh Mainland inflows. BOC International had forecasted
about CNY100 billion would be raised by mutual fund managers this year, 
underscoring the strong interest in the city stocks. The biggest loser today was
Zoomlion. The construction machinery maker received an underweight rating cut 
from equal weight by Barclays. Wo Mei saw a top turnover rate. Shares down 3.5%.
Shanghai Electric saw a similar fall. The shares reversed eight years of losses 
in the past two days, doubling the company's market value, making it Asia's 
second most valuable electric equipment maker. And an incredible run for Ali 
Health. Shares rocketed over 80%. Its parent company Alibaba injected the 
affiliate with $2.5 billion to buy an online pharmacy group. Under the new deal,
Ali Health consolidates its enterprise and officially enters the race into the 
online healthcare business. Online classified advertising business 58.com and 
Gangi.com are in preliminary talks on a possible merging of its digital 
businesses. This according to a source with direct knowledge of the matter. 
China's fast growing technology sector had been undergoing rapid consolidation. 
It's dubbed the, "Craigslist of China." Shares of 58.com rose 33% in its New 
York listing, valuing the company at USD6 billion. Online social media company 
Tencent owns a fifth of the business