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Market Report - Mazda Pulling Out of China Venture

2010-01-18 10:29

 

In today’s market report… Asian shares edged lower on financial sector concerns.

Japan's Nikkei was down, with automaker Mazda easing on a report it will dissolve a China joint venture with Ford Motor by 2012.

Regional shares were again pressured by Chinese banking sector concerns, with a regulator asking banks to be cautious over lending this year.