CHINA BREAKOUTS

[ericwright]

GM MARINE! On The Fly: Asian Markets Wrap-Up for Friday, January 16
Stocks in Asia advanced as markets gained everywhere except in Pakistan and the Philippines...JAPAN: The Nikkei was up 206.84, or 2.6%, to 8,230.15, while the broader Topix index rose 21.90, or 2.8%, to 817.89. A weaker yen fueled speculation that company earnings will benefit. Honda (HMC) increased 8% to Y2,010. Sony (SNE) was up 4.8% to Y2,075. Denso Corp. (DNZOY) rose 8.1% to Y1,654. Sumco jumped 8.7% to Y1,216. Shin-Etsu Chemical Co. was up 7.2% to Y4,340...CHINA: The CSI 300 Index was up 35.34, or 1.8%, to 1,990.21. There's speculation that the government will pass a new stimulus package. Zoomlion Heavy Industry increased 4.3% to 14.13 yuan. Weichai Power Co. was up 2.9% to 22.75 yuan. Citic Securities added 4.1% to 20.57 yuan. Haitong Securities surged 7.2% to 10.91 yuan. Northeast Securities Co. gained 2.6% to 13.84 yuan. China Eastern Airlines Corp. (CEA) jumped 0.47 yuan, or 9.9%, to 5.20. Ningbo Shanshan Co. rose 0.74 yuan, or the 10% daily limit. Orient Group increased 0.47 yuan, or 10%, to 5.13...AUSTRALIA: The S&P/ASX 200 Index gained 21.40, or 0.61%, to 3,550.90...AROUND ASIA: In Hong Kong, the Hang Seng Index advanced 12.55, or 0.09%, to 13,255.51. HSBC Holdings (HBC) fell 2.7% to HK$64.20. Kingboard Chemical Holdings jumped 13% to HK$14.20. :theflyonthewall.com