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Asia Top News and Analysis China

  • TAIPEI, Taiwan-- Taiwan's exports rose 10 percent from a year earlier in September to $27 billion, ending a streak of six consecutive monthly declines. The Finance Ministry said Monday that Southeast Asia has shown its economic strength by buying $5.4 billion worth of Taiwanese goods in the month, up 41 percent from a year earlier.

  • *World Bank says China economic slowdown could get worse. LONDON, Oct 8- Brent crude oil fell below $111 per barrel on Monday on concerns slower economic growth would curb oil demand, but supply worries stemming from tension in the Middle East helped check losses.

  • TAIPEI, Oct 8- Taiwan's exports rose more than expected in September after six straight months of declines, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth.

  • BERLIN, Oct 8- Volkswagen's Audi. luxury-car division increased sales by 13.6 percent in September to 136,600 vehicles, powered by demand from China and the United States.

  • Benchmark crude for November delivery tumbled $1.51, or 1.7 percent, to $88.37 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.

  • BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.

  • HONG KONG, Oct 8- China's retail sales growth slowed during the Golden Week break, but demand was better than expected, and authorities provided a snapshot of increasingly important sources of demand in the world's second-largest economy.

  • PARIS, Oct 8- U.S. stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.43 percent, Dow Jones futures down 0.34 percent and Nasdaq 100 futures down 0.47 percent at 0833 GMT.

  • BEIJING, Oct 8- General Motors Co's auto sales in China climbed only 1.7 percent in September, barely benefiting from its Japanese rivals' plunging sales, in contrast to European and South Korean carmakers.

  • MOSCOW, Oct 8- Russian stocks fell on Monday and the rouble weakened, hurt by worries about the health of the global economy and lower commodity prices. The rouble-traded MICEX index was down 0.7 percent to 1,468.01 at 0700 GMT, while the dollar-based RTS was off 1.0 percent to 1,492.53. Shares of Russia's third-largest crude producer TNK-BP.

  • TAIPEI, Oct 8- Taiwan's exports recorded their first growth after six straight months of declines in September, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth. Exports to China +6 pct. Exports to Europe -10.5 pct.

  • *Focus on profits, not policy in China: JPM's Mowat* Tencent, AIA pull back from record highs. HONG KONG, Oct 8- Hong Kong shares snapped a five-session streak of gains on Monday as Chinese markets turned down after a week-long holiday on concerns growth in the world's second-largest economy could slow further.

  • BEIJING, Oct 8- General Motors Co's September auto sales in China climbed only 1.7 percent in September, barely benefiting from its Japanese rivals' plunging sales, in contrast to European and South Korean carmakers.

  • TAIPEI, Oct 8- Taiwan's exports recorded their first growth after six straight months of declines in September, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth. Exports to China +6 pct. Exports to Europe -10.5 pct.

  • HONG KONG, Oct 8- The following are some of the major companies planning initial public offerings and new listings on the Hong Kong stock exchange. Please contact Elzio Barreto at elzio.barreto@thomsonreuters.com or 2843-1608 to submit entries for this diary. JPMorgan, UBS---------------------------------------------------------------- Dec Mando China N/A N/A Deutsche Bank, 200 2012 Holdings.

  • *World Bank cuts growth view on East Asia/Pacific. LONDON, Oct 8- European shares fell early on Monday, surrendering most of the previous session's gains on a downgraded growth outlook for Asia and as investors started to position for a weak earnings season.

  • TAIPEI, Oct 8- Taiwan's exports recorded their first growth after six straight months of declines in September, buoyed by demand for new electronics products ahead of the year-end shopping season, with the key U.S. and China markets returning to growth. Exports to China +6 pct. FOREST CHEN, ANALYST, TA CHONG BANK.

  • BEIJING, Oct 8- Sinopec Corp's Qilu refinery is closing on Monday a 160,000 barrels-per-day crude unit for a planned 25- day maintenance, an industry official said. The plant's crude throughput will be down by a third this month to around 140,000 bpd, versus 212,000 bpd last month, said the official with direct knowledge of the plant's productions.

  • HONG KONG, Oct 8- Hong Kong shares snapped a five-session streak of gains as concerns about China's slowdown returned to the fore after Chinese markets reopened after a week-long holiday.

  • *POSCO sags on discount block sale by SK Telecom. *KOGAS rallies on Iraq pipeline contract. However, the real move will come from the Q3 earnings reports, "said Song Sang- hoon, an analyst at Kyobo Securities.