ASIA PACIFIC: WinGD adds to engine building capacity in Japan
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WinGD has signs agreement with Mitsui E&S Diesel United (MESDU) that will see WinGD engines being built at Tamano Works for the first time.
Equity markets in Asia closed on an overwhelmingly negative note on Tuesday, tracking the weak closing on Wall Street on Monday amidst anxiety about how the U.S.
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks poised to extend the pullback seen in the previous session. Traders may continue to cash in on recent strength in the markets amid concerns optimism about the outlook for interest rates have led to overbought conditions.
Japan's Nikkei share average drifted lower on Friday (Dec 1) to post its first weekly drop in five, as tech shares slumped on elevated bond yields after economic data provided more clues that the US Federal Reserve could end rate hikes.