of high-risk asset investment, as members of the pension fund's policy-setting committee. Hong Kong was lower as mainland properties fell on back of China Securities Journal running with a front page article saying that there is no need to save the property sector as the banks can take it even if property prices come off

amid concern "rapid" credit growth to curb liquidity China tightening may ease if nation reports more trade deficits or small monthly surpluses - China Securities Journal (front page) EFTA00435764 Indonesia left rates unchanged (2nd consecutive month) after inflation slowed saying rupiah's gains will contain price

an to its cash-strapped power market operator (WSJ< Etihad Airways in talks to buy stake in Air France-KLM according to Dutch daily De Telegraaf China Securities Journal says that the PBOC should cut rates in order to boost confidence Leading European Sectors: Basic Resources +3.74%, Banks +2.73%, Insurance +2.70%

ia for A$2 billion in cash (13.6% premium Japan trade deficit exceeds forecasts (first trade deficit with the EU) (exports to EU -0.9%, US +38.2%) China Securities Journal says China boosts lending (June new CNY loans to increase significantly) China president Hu Jintao will meet with Spanish deputy PM in Spain on way