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GLOBAL MARKETS-Asian shares slip, Nikkei skids on yen strength

TOKYO, May 2- Asian shares fell in early trading on Monday, with Japan's Nikkei plunging after the dollar notched a fresh 18- month low against the yen. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, after Wall Street marked losses after a spate of disappointing earnings. Markets in Hong Kong and China will be closed on Monday.

Source: Reuters

Wary of China's Indian Ocean activities, U.S., India discuss anti-submarine warfare

*India, U.S. aim to track submarines in Indian Ocean. NEW DELHI/ HONG KONG, May 2- India and the United States are in talks to help each other track submarines in the Indian Ocean, military officials say, a move that could further tighten defense ties between New Delhi and Washington as China steps up its undersea activities. Both the United States and India are growing...

Source: Reuters

Macau gambling revenue falls 9.5 pct in April, 23rd month of decline

HONG KONG, May 1- Macau, the world's biggest casino hub, posted a drop of 9.5 percent in gambling revenue for April, with the pace of decline decreasing from the previous month as the southern Chinese territory struggled to lure high-spending punters. China's pervasive campaign against conspicuous spending among public officials together with slowing...

Source: Reuters

AIG raises $1.25B by selling a stake in China insurer PICC

AIG sold a chunk of its stake in China's PICC for $1.25 billion in a block deal, joining other big financial companies in stepping away from holdings on the mainland.

Source: Reuters

UPDATE 1-AIG selling down $1.2 bln stake in Chinese insurer PICC P&C -IFR

*Several other foreign banks have cut China exposure recently. HONG KONG, April 30- American International Group is offering for sale about $1.2 billion worth of shares in China's PICC Property and Casualty Co Ltd in a block deal, IFR said on Saturday, citing a term sheet of the deal. AIG is offering 740 million PICC P&C shares in an indicative price range of HK $13.06-...

Source: Reuters

AIG offering $1.2 bln shares in China's PICC Property & Casualty-IFR

HONG KONG, April 30- American International Group is offering about $1.2 billion worth shares in China's PICC Property and Casualty Co Ltd in a block deal, IFR said on Saturday, citing a term sheet of the deal. AIG is offering 740 million PICC shares in an indicative range of HK $13.06- HK $13.35 each, an up to 8 percent discount to PICC's Friday close, the term sheet...

Source: Reuters

Hong Kong shares fall as Japan tumble sours sentiment

April 29- Hong Kong shares dropped over 1 percent on Friday as sentiment was soured by a tumble in Japanese stocks, after the Bank of Japan disappointed markets by electing not to expand monetary stimulus on Thursday. The Hang Seng index fell 1.5 percent, to 21,067.05, while the China Enterprises Index lost 1.3 percent, to 8,939.47 points. Industrial and...

Source: Reuters

This is how you sell luxury yachts to China's elite

Having established a Hong Kong-based yacht brokerage in 1984, Mike Simpson has been around long enough to know what some of China's wealthiest clients want.

Source: CNBC.com

China shares down as bond defaults dim mood; Hong Kong fall over 1 pct

*Sentiment in Hong Kong hit by slump in Japan stocks. Hong Kong shares dropped over 1 percent as sentiment was soured by a tumble in Japanese stocks, after the Bank of Japan disappointed markets by electing not to expand monetary stimulus on Thursday. China's blue-chip CSI300 index dipped 0.04 percent to 3,159.46 points by lunch break, while the Shanghai...

Source: Reuters

There are the bright spots in Asia

Ecognosis Advisory's Andrew Freris talks about the challenges in China and Hong Kong, but adds that there are opportunities in other Asian markets.

Source: CNBC.com