After a few days of no real news earlier in the week, the markets seem to be using up all their stored energy. With the Dow Jones Industrial Average (DJINDICES: ^DJI ) losing 80 points yesterday after spiking in earlier trading, the downward trend continues today. Down 49 points just after 11 a.m. EDT, the index is suffering from more speculation and discouraging international activity.
Outside the U.S.
The Asian markets fell overnight, with the Japanese Nikkei dropping 7.3% by the time the markets closed. With weak manufacturing data from China and increased bond yields in Japan, the pressure on the markets was too great. European markets followed suit, though losses were not as severe. Both the unexpected contraction in China and the eurozone are unsettling to U.S. investors.
Top 5 Asian Companies To Watch In Right Now: Lian Beng Group Ltd (L03.SI)
Lian Beng Group Ltd., an investment holding company, engages in general building construction and civil engineering works primarily in Singapore. The company�s Construction segment engages in constructing residential, institutional, industrial, and commercial properties; and undertaking civil engineering projects in both private and public sectors. Its Engineering and Leasing of Construction Machinery segment is involved in the provision of construction related services, such as scaffolding and electrical installations; and leasing metal formworks, and construction machinery and equipment. This segment manages a fleet of equipment for lease and sales, including generators, air compressors, gondolas, and other building materials, such as external scaffolds and metal forms; and provides services, including erection and dismantling of external scaffolds, and the repair and maintenance of construction equipment and machinery. The company�s Property Development segment engage s in the development, sale, and rental of residential, commercial, and industrial properties, as well as offers property management services. Its Manufacturing of Concrete segment is involved in the manufacture and supply of ready-mixed concrete and sand. In addition, Lian Beng Group Ltd. engages in trading construction materials; training construction workers; and providing formwork services. Further, it is involved in shipping operations, including the chartering of ships. The company has strategic partnership with LaSalle Investment Management Pte Ltd. and Duke Development Pte Ltd. for the development of condominiums. Lian Beng Group Ltd. was founded in 1973 and is headquartered in Singapore.
Top 5 Asian Companies To Watch In Right Now: Aberdeen International Inc (AAB.TO)
Aberdeen International Inc. operates as an investment and merchant banking company focusing on small capitalization companies in the resource sector. It intends to acquire equity participation in pre-IPO and early stage public resource companies with undeveloped or undervalued resources. The company also offers various merchant banking services, including short-term investments, bridge financing, and advisory works, as well as listing vehicles, such as shell companies. In addition, it invests in mineral properties, primarily gold. The company was formerly known as International Catalyst Ventures Inc. and changed its name to Aberdeen International Inc. in November 2001. Aberdeen International Inc. was incorporated in 1987 and is headquartered in Toronto, Canada.
Best High Tech Companies For 2014: Carillion(CLLN.L)
Carillion plc operates as an integrated support services company with a portfolio of public private partnership projects (PPP) and construction capabilities. The company provides services needed to manage, maintain, and operate buildings and infrastructure. Its services include facilities management, facilities services, road maintenance, rail services, and utility services, as well as consulting. Carillion has operations in the United Kingdom, the Middle East and North Africa, and Canada and the Caribbean. The company delivers PPP projects for defense, health, education, transport, secure, and other government accommodation sectors in the United Kingdom and in Canada. These projects use private sector finance to deliver a range of asset-based services ranging from project finance through design and construction, to life-time asset management for central and local government. The company is based in Wolverhampton, the United Kingdom.
Top 5 Asian Companies To Watch In Right Now: Vecta Energy Corporation (VER.V)
Vecta Energy Corporation, a junior oil and gas company, engages in the exploration and production of petroleum and natural gas reserves in Canada. It has working interests in approximately 16,000 acres of lands in the foothills of Alberta and North east British Columbia; and approximately 20 barrels per day of oil equivalent production from the Brewster area. The company was formerly known as Kroes Energy Inc. and changed its name to Kroes Energy Inc. in June 2009. Vecta Energy Corporation is headquartered in Calgary, Canada.
Top 5 Asian Companies To Watch In Right Now: Basicnet(BCNT.MI)
BasicNet S.p.A., together with its subsidiaries, engages in the trademark license management in the branded casual and leisurewear, sportswear, footwear, and accessories sector. The company?s brand portfolio comprises Kappa, Robe di Kappa, K-Way, Superga, AnziBesson, Lanzera, and Jesus Jeans. It also operates and manages various franchised retail outlets, as well as distributes of its products through a network of independent licensees companies worldwide. In addition, the company is involved in the operational management of the Basic Village property complex in Turin. BasicNet S.p.A. is based in Torino, Italy.
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