Asia This Day

Hong Kong saw partly sunny weather at noontime Monday.It was 90F,and the wind was SW at 7 mph.The humidity was 62% and thunderstorms were in the forecast.
Asian shares were down across the board on concern about European debt,except for Shanghai's,which climbed 0.4.
Chinese premier Wen Jiabao was visiting Europe.He pledged China's long term support for Europe and the Euro.China would continue to buy both Euro bonds and European sovereign debt,including Hungarian bonds.
The New Zealand dollar fell as the country's trade surplus narrowed by more than 40%.New Zealand still had exports exceeding imports by 605 million New Zealand dollars in May.
India's inflation is at 9.1%,and diesel price increases will send it even higher.Nonetheless,Nomura Securities has turned positive on Indian stocks,citing subsiding headwinds.
Shanghai ports expect sea cargo to rise 10% annually as industrial plants move inland.They will ship to the ports as their cargo volumes increase along the Yangtze River.
Japanese electeicity rates are expected to go up by 18% because of lost nuclear capacity in the wake of March's earthquake and tsunami,the Nikkei newspaper reported.