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ti-corruption agency is investigating their chairman. Shanghai saw a late day rally after struggling most of the day on IPO resumption concerns. The Kospi managed to close above 2000 as foreign and pension money helped lend support and Taiwan closed higher, driven by Largan (+6.5%) and Asustek(+4.5%).
ce Holdings (1598665) files for $100M IPO through Citi, Papa Murphy's Holdings (FRSH) launches IPO (anticipated pricing May 1) US Key Research: • Barcap downgrades QEP, Brean initiates FSLR/SPWR (buy) & SUNE (hold) ••• Cantor upgrades NFLX (buy), Citi upgrades SRPT, CS upgrades FB ••• GS initiates H
to 7.6% from 7.7% which also dampened sentiment. South Korea outperformed as it spiked in the final minutes on a foreign MOC program which took the Kospi into positive territory. Phanna names are in focus in India after Sun Pharmaceutical (+1.1% currently) announced an all-stock deal to buy out Ranbax
(MRD) files $700M IPO through Citi IPO's (lock-up expires): Antero Resources (AR), MacroGenics (MGNX) Western Refining (WNRL) US Key Research: ••• Barcap initiates TRLA (ew), DB upgrades ANNEM & initiates MCHX (buy) ••• GS downgrades CNVR (sell) & initiates AAL (buy) & upgrades ADI, BMO cuts MAT •••
hed markets lower triggered by a sharp 10% fall in the Mothers index. Exporters continued to outperform domestic names on back of the JPY move. The Kospi managed only a modest gain as volumes remained low and local institutions remained sidelined ahead of tomorrow's options expiry and BOK rate decisio
6.5M-shares priced at $11.50 US Key Research: ••• Mizuho upgrades MYGN (buy), Piper initiates CRI/PLCE (CRI), Citi upgrades AME (buy) & cuts IEX • Barcap upgrades BAX, Opco cuts CA/TWTC, Baird downgrades CMA, CLSA downgrades MDLZ ••• BB&T upgrades TREX (buy), Bernstein downgrades EMR & initiates ETN (
Entities connected to both Kospi and Barcap

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSONBaird
PERSON
Barack Obama
PERSON
Bloomberg L.P.
ORGANIZATION
Angela Merkel
PERSON
Piper
PERSONJefferies
ORGANIZATION
Stanford University
LOCATIONStifel
ORGANIZATION
Wells
ORGANIZATION
Michigan
LOCATION
Bernanke
PERSON
Draghi
PERSON
David Cameron
PERSON
Tony Blair
PERSONUS Key Research
ORGANIZATIONRetail Sales
ORGANIZATION
Ghislaine Maxwell
PERSON