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Sunday, March 04, 2007

ASIA MARKETS: Nikkei Ends Lower, China Edges Up; Analysts See More Selling


ASIA MARKETS: Nikkei Ends Lower, China Edges Up; Analysts See More Selling
Japan's Nikkei declined for a fourth straight day on Friday, with Toyota Motor Corp., Sony Inc. and other export-oriented shares losing ground as the yen held its recent strength. Shares in Hong Kong and China notched slight gains.

Wall Street to open down after China shares plunge
Wall Street is set to open down on Tuesday with investors jittery after shares plunged in China and awaiting key clues about the strength of U.S. consumption from economic data and corporate earnings.

SMTC Corporation Schedules Fourth Quarter Results
SMTC Corporation (TSX: SMX), a global electronics manufacturing services (EMS) provider, has scheduled its fourth quarter results teleconference.

Arrow Electronics Assists Customers as Deadline for China's RoHS Environmental Regulation Draws Near
Arrow Electronics, Inc. is assisting its customers as new environmental compliance regulations in China come into effect on March 1. The company is sponsoring informational seminars and also offering resources on its Web site as Europe, China and other industrial nations strengthen their commitment to environmental protection.

AE shuts German site, cuts 65 jobs
Advanced Energy Industries Inc. announced plans to transfer manufacturing operations from the Stolberg, Germany site to the company's manufacturing locations in Shenzhen, China, and Fort Collins, Colo.

U.S. Stocks Tumble Most Since 2003 on China Plunge, Orders Drop
Feb. 27 (Bloomberg) -- U.S. stocks fell the most in more than three and a half years as a plunge in Chinese shares and a slide in demand for business equipment rattled investors after a four-year bull market.

Lenovo to recall 205,000 Sanyo battery packs
China's Lenovo will recall more than 200,000 battery packs for laptop computers jointly produced with ailing Japanese electronics maker Sanyo, the two companies said Friday.

U.S. Stocks Tumble Most Since 2002 on China Plunge, Orders Drop
Feb. 27 (Bloomberg) -- U.S. stocks tumbled the most since September 2002 as a plunge in Chinese shares sparked a global selloff and raised concern that investors will dump equities after a four-year bull market.

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