Shares of Broadway Industrial Group Ltd, surged as much as 11 percent as traders cited consolidation talk in the sector after recent declines. By 0207 GMT, shares in the precision moulding manufacturer were up 9.6 percent at S$0.285 with 13.1 million shares traded, nearly 11 times its average daily volume traded over the last five sessions. Last week, Apple Inc, a company notorious for keeping its supply chain a secret, released a list of its major suppliers. Broadway was included in the list.

Economists stated the bounce-backs in shipments of drugs are typically not an indication of a sustained change in growth. Going forward, economists opine that a slowdown in growth in Asia as well as the debt woes in Europe and the weakness in the US economy may all put downward pressures on NODX.

STX OSV: Majority Shareholder, STX Europe AS Exploring Potential Sale.
STX OSV Holdings Limited has been informed that its majority shareholder, STX Europe AS, is exploring a potential sale of its shares in the Company and has retained JPMorgan Chase Bank, N.A., Hong Kong Branch and Standard Chartered Securities Korea Limited in connection therewith.

China trade growth seen modest in difficult Q1
China's export and import growth will show stable and modest growth in the first quarter of 2012 despite difficult trade conditions, the Ministry of Commerce said on Wednesday.