Asia Top News and Analysis China

  • *Hyundai global sales reach 371,743 vehicles* Hyundai ramps up output after strike ends* Production rises in U.S., China help ease tight supply SEOUL, Oct 4- South Korea's Hyundai Motor Co.

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    The annual Golden Week holiday in China is typically marked by chaos in motorways as millions of Chinese travelers hit the holiday trail, and this year is no different. The upside? The clogged roads are hints the economy may avert a hard landing, at least for now.

  • LONDON Oct 4-* Britain's FTSE 100 is set to open 12 to 17 points higher, or as much as 0.3 percent, according to financial bookmakers. FTSE index closed up 0.3 percent, or 16.36 points higher, at 5,825.81 points on Wednesday driven by gains in "defensive" stocks seen as the most resilient to an economic downturn.

  • TOKYO, Oct 4- Japan's biggest copper smelter, Pan Pacific Copper Co, is offering a term premium of $85 per tonne to clients in China for 2013 shipments, down 15 percent from last year, a source familiar with the matter said.

  • **DENTSU INC FALLS, SMBC NIKKO CUTS RATING**. Dentsu fell 2.4 percent to 1,858 yen, marking its seventh straight losing session and striking a three-year low, after SMBC Nikko Securities downgraded Japan's biggest advertising company to' underperform' from' neutral', lowered its target price and cut earning forecasts.

  • TAIPEI, Oct 4- Taiwan stocks ended flat on Thursday, with computer shares. The Taiwan dollar was up by T $0.085 to trade at T $29.320. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • Rising tensions between Syria and Turkey also contributed to higher prices, the geopolitical risk highlighting concerns about Middle East oil supplies. By early afternoon in Europe, benchmark oil for November delivery was up 62 cents to $88.76 a barrel in electronic trading on the New York Mercantile Exchange.

  • *MSCI Asia ex- Japan inches up 0.3 pct, Philippines outperforms. TOKYO, Oct 4- Asian shares and the risk-sensitive Australian dollar edged higher in choppy trade on Thursday, with investors worrying about slow global growth and awaiting fresh U.S. economic data and a European Central Bank policy meeting later in the day.

  • BEIJING, Oct 4- Japanese automaker Mazda Motor Corp said on Thursday it sold 13,258 cars in China in September, down 35 percent on a year earlier. In the first nine months of the year, sales fell 6 percent from a year ago to 148,116 cars, it said. Mazda operates a three-way car venture in China with Ford Motor and Chongqing Changan Automobile Co Ltd.

  • *HSI up 0.2 pct, H-shares index up 0.2 pct* HSBC up up 2.2 pct, contributes third of HSI gain* CNOOC down 1.3 pct, top drag as oil prices dip* Lenovo up 0.9 pct, shrugs off HP shares slide By Vikram Subhedar. HONG KONG, Oct 4- Hong Kong shares rose slightly on Thursday as financials, led by index heavyweight HSBC, helped offset weakness in oil producers hurt by lower oil prices.

  • KUALA LUMPUR, Oct 4- A Malaysian court kept on hold the licence granted to Lynas Corp Ltd's controversial rare earth plant by delaying until Oct. 10 a decision on whether it will consider judicial reviews to permanently block production.

  • SAN FRANCISCO, Oct 4- A decade ago, a developer from Korean gamemaker Nexon threw a few lines of code together to create an image of a flower to present to his girlfriend, buying himself more videogame time as she sat impatiently by his side at an Internet cafe.

  • HONG KONG, Oct 4- Shanghai Fosun Pharmaceutical Co Ltd is set to launch an up to $600 million Hong Kong share offering on Oct 11, IFR reported on Thursday, citing sources with knowledge of the deal.

  • JX Holdings Inc fell 1.6 percent to 434 yen after a source said Pan Pacific Copper Co, its joint venture with Mitsui Mining and Smelting, has cut its term premium for copper by 15 percent from last year to $85 per tonne for Chinese clients' 2013 shipments.

  • *One of largest energy projects in Bosnia. Five bidders came from China: China Machinery Engineering Corporation, Harbin Electric International, Sepco Electric Power Construction Corp., and two consortia led by China Gezhouba Group Corp and Sepco III Electric Power Construction Corporation.

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    Every Wednesday, a bar in central Tokyo hosts an unusual speed-dating event. There are drinks and plenty of coy looks. But the young people at the bar aren’t here for romance. The NYT reports.

  • Trading house Marubeni Corp gained 1.4 percent to 498 yen after Barclays Securities lifted its price target on the stock to 700 yen from 650, saying the company had lower exposure to resources businesses than its peers. to 1,860 yen from 2,000, Mitsui& Co to 1,320 yen from 1,350, Sumitomo Corp to 1,190 yen from 1,230, and Itochu Corp to 1,070 yen from 1,100..

  • Oct 4- Light-vehicle sales in the U.S., one of the steady bright spots in the economy this year, improved meaningfully in September for the second consecutive month, after softening somewhat in July, said Standard& Poor's Ratings Services in a report published yesterday on RatingsDirect titled, "September U.S.

  • KUALA LUMPUR, Oct 4- A Malaysian court has postponed to Oct. 10 a hearing on the temporary operating licence granted to Lynas Corp Ltd's controversial rare earth plant, activists said on Thursday. The Kuantan High Court had been expected to rule on whether it will consider judicial reviews seeking to block the plant.

  • TOKYO, Oct 4- Japan's biggest copper smelter, Pan Pacific Copper Co, is offering a term premium of $85 per tonne to clients in China for 2013 shipments, down 15 percent from last year, a source familiar with the matter said.