Asia stocks: Latest quotes

Here are the latest trading levels for Asia’s major stock markets:

Tokyo (Nikkei Average ) closed for holiday
; Hong Kong (Hang Seng Index ) up 0.2%
; Shanghai (Shanghai Composite Index ) up 0.4%
; Sydney (S&P/ASX 200 ) up 0.1%
; Seoul (Kospi ) up 0.1%
; Taipei (Taiex ) up 0.4%

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Australia stocks seesaw, with gold, oil shares weak

Australian stocks waded into and out of shallow losses early Monday, with resource shares mostly weak but with banks pivoting off a lower open to grab some modest gains. About 45 minutes into the session, the S&P/ASX 200 was little changed from its previous close, sitting at 5,670.40 after registering a small drop shortly after the open. Hard times for Comex gold futures hit Evolution Mining Ltd. (down 9.9%) and Newcrest Mining Ltd. (down 5.3%) which also reported a mining halt at Hidden Valley after a fatal accident there. Likewise, declines for Nymex and Brent crude-oil contracts helped weigh on Oil Search Ltd. (down 0.9%) and WorleyParsons Ltd. (down 1%). On the hand, copper and gold extractor Sandfire Resources rose 3.5% after a drilling update on its Doolgunna project, and the senior miners were mixed, with BHP Billiton Ltd. down 1%, but Rio Tinto Ltd. up 0.3%. The big banks had traded lower early in the session, possibly reacting to news that their regulator planned to raise the risk weight for mortgages, effective next July. However, the Big Four soon recovered, with Australia & New Zealand Banking Group up 0.6%, Commonwealth Bank of Australia up 0.4%, National Australia Bank Ltd. up 0.2% and Westpac Banking Corp. flat. Back on the downside, shares of Sonic Healthcare Ltd. retreated 3.8% after the medical-laboratory company cut its forecast for the fiscal year ended in June.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Soldier dies of wounds suffered in Chattanooga shooting

A U.S. Navy petty officer identified by relatives as Randall Smith, 26, of Paulding, Ohio, died Saturday of wounds suffered after a gunman opened fire Thursday on a military recruiting center in Chattanooga, Tenn., according to media reports. Four Marines were killed in the attack and two other people were wounded. Smith and his wife had three young daughters, Reuters said. The suspected attacker, Mohammod Youssuf Abdulazeez, a Kuwaiti-born naturalized U.S. citizen, also died on Thursday in a shootout with police. The FBI, which is investigating the incident as an act of terrorism, said it’s premature to speculate on a motive, Reuters reported.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Navy petty officer dies of wounds suffered in Chattanooga shooting

A U.S. Navy petty officer identified by relatives as Randall Smith, 26, of Paulding, Ohio, died Saturday of wounds suffered after a gunman opened fire Thursday on a military recruiting center in Chattanooga, Tenn., according to media reports. Four Marines were killed in the attack, and two other people were wounded. Smith and his wife had three young daughters, Reuters reported. The suspected attacker, Mohammod Youssuf Abdulazeez, a Kuwaiti-born naturalized U.S. citizen, died on Thursday in a shootout with police. The FBI, which is investigating the incident as an act of terrorism, said it’s premature to speculate on a motive, Reuters reported.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Miami Gardens warehouse heads to foreclosure auction

By Brian Bandell

A warehouse in Miami Gardens was scheduled for foreclosure auction after its owner lost a $3.7 million foreclosure judgment.

U.S. Bank, representing a securitized commercial mortgage (CMBS) trust, won a foreclosure judgment against 5255 Holdings, along with managing members Ana Maria Arias and Ricardo Julio Arias, over a $2.96 million mortgage, plus interest and fees.

The 43,974-square-foot warehouse at 5255 N.W. 165th Street is set for online auction Aug. 17. Miami attorney Lee D. Mackson represents… …read more

From:: biz journal foreclosures

Yahoo files for Alibaba spin-off

Yahoo Inc. officially filed to spin off its holdings in Alibaba on Friday, which will establish a new company called Aabaco Holdings. Aabaco will consist of about 15% ownership of Chinese e-commerce giant Alibaba, along with a Yahoo segment that delivers cloud services to small businesses. The spin-off, originally announced in January, is Yahoo’s attempt to deliver the value of its Alibaba investment to Yahoo shareholders while avoiding a large tax bill. Yahoo expects the spin-off to take effect in the fourth quarter, the company said in a Friday news release.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News