Pre-marketing activities go ahead despite weak start to September

Philippine supermarket chain Puregold steals a pre-marketing lead on Hong Kong IPO rivals Sany Heavy Industry, XCMG Construction Machinery and Citic Securities, while the Indian government gets ready to sell down its stake in ONGC.
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Shoppers enter a Puregold store in the Philippines</div>
<div style="text-align:left;"> Shoppers enter a Puregold store in the Philippines</div>

Asian equity markets suffered another day of losses yesterday on the back of a dismal non-farm payrolls report that showed the US economy failed to add any new jobs last month.

The report reignited concerns about a recession and sent the Dow Jones index 2.2% lower on Friday. And here in Asia, most markets lost between 1.5% and 3% yesterday Korea led the decliners with a 4.4% drop, while Indonesia was the only market in the black with a 0.6% gain.

But September traditionally means a pickup in primary market activity in the region and this year is no different, even if the backdrop does look shaky...

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