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Asia Trades Mixed Following China Data
15 Feb 2011 EST - CNBC.com
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Yamaha Motor plunged over 10 percent to 1,545 yen after the motorcycle maker said it expects its operating profit to rise 3.3 percent to 53 billion yen this year, below an average estimate of 67.6 billion yen in a poll of 13 analysts by Thomson Reuters I/B/E/S.

Australian stocks ended little changed on Tuesday. The S&P/ASX 200 index was off 0.1 percent but holding near a 10-month high, as banks eased and top global miner BHP Billiton firmed ahead of its results following a two-week rally.

While several companies reported results on Tuesday, the focus was on the market's biggest company, BHP Billiton, which is tipped to nearly double its half-year profit to a record high on Wednesday, with investors hoping it will expand its $4.2 billion buyback and step up its dividend sharply. Rival Rio Tinto closed down 0.4 percent.

Trading in the shares of bourse operator ASX was suspended pending a revised deal with Singapore Exchange on the composition of their combined board in a new merged entity. Shares of the SGX fell as much as 1.6 percent after they were lifted from a trading halt.

ASX and SGX agreed both would have five board seats after the $7.9 billion deal and three seats would be given to international directors. The ASX trading halt was lifted after the official close and the shares gained 1.7 percent to A$39.00 during the settlement period.

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