Japan

•    NKY +2.70%, TPX +2.29%

•    Stocks rose across most sectors led by tech, financials, materials, industrials and      consumer

•    Exporters rose as the yen traded near a 2-mth low against the euro: autos +2.02%, CE +2.07%, precision +3.50•    Banks extended gains rising another 2.94% after the Basel Committee on Banking Supervision eased some bank capital rules

•    Best performing sectors on the TPX: insurance +5.16%, other financing +4.60%, real estate +3.81%; worst performing sectors: airline -0.32%, electric power & gas +0.16%, mining +0.34%

Hong Kong

•    HSI +0.56%; HSCEI +0.35%

•    Stocks rose as banks extended gains. Turnover on the HSI fell to HK$16.43B from HK$16.60B yesterday

•    Local properties fell after the government sold a Peak site for HK$10.4B below the median estimate expected by analysts:

•    Cement advanced after the Economic Information Daily reported China aims to eliminate inefficient cement capacity and close polluting factories

China

•    SHCOMP +2.26%; SZCOMP +2.15%

•    Stocks rose led by banks, properties and coal stocks. Turnover on the SHCOMP fell to 84.09B yuan from 86.61B yuan yesterday

•    Stocks rose across most sectors led by materials, financials, consumer, industrial s and tech

•    Real estate +3.49%, banks +2.19% on continued expectations the government will relax property curbs and allow more bank lendings to counter a slowdown in economic growth

•    Coal +4.03% despite considering for introduction of a coal production ceiling

•    Airlines +3.36

•    Cement stocks rose after report the new cement industry policy had been revised to eliminate inefficient cement capacity, possibly signalling the start of consolidation within the cement industry