(Translated by https://www.hiragana.jp/)
Global Market Research - Global Market Investing - World Stock Markets
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Global Market Research - Global Market Investing - World Stock Markets
ICBC powers ahead in debut
Industrial & Commercial Bank of China, world's largest IPO at $19 billion, performs strongly in its Hong Kong debut.
• U.S. banks looking for big payday
• Read business news in Chinese

ASIAN MARKETS
 Hang Seng ends lower
 Shares in Hong Kong bounce off a record high after the ICBC debut. Heavyweights yank on Nikkei. 

EUROPE MARKETS
 Bad medicine for shares
 European markets
pull back as pharmaceuticals weigh after earnings. Volkswagen profit slumps; Peugeot warns again.
• London: Big pharma drops again
 • Shire upbeat, swings to profit
 • London Calling: No M&A cushion
NIKKEI
FTSE 100
MERVAL

AUTOS
Volkswagen profit drops, Peugeot warns again
 Europe's two largest car makers report results that are weighed down by restructuring for the Germany company, shrinking margins for its French rival.

ADVERTISING
WPP sales growth slows
 Top Europe ad agency's shares slip on slowing comparable-sales growth.

EXCHANGE M&A
NYSE, Tokyo exchange eye link
 NYSE Group reportedly chats with Tokyo Stock Exchange about a tie-up.



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Global Market Research - Global Market Investing - World Stock Markets

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