ramy inocencio. >> over in neighbored new zealand, the market finished just a little bit lower. that's after the two earthquakes hit christchurch, measuring 0.et 4% in magnitude, that comes after they're rae covering from the last one. today's events were enough to send the new zealand down nine-intelligents of a percent against the greenback. the nikkeis with down 0.7%. one was a fall in machinery in april. that was combined with a stubbornly strong yep and the yen down three-quarters of a percent. toyota and hyundai were the two big companies taking a tumble. here in hong kong the hang seng suchered losses but that came after tighter mortgage rules were introduced. the hang seng did bounce back later in the day. it's a fraction of a percentage higher. fashion label prada is set to float on the city's stock exchange one week from this friday and rumors are also around that football club manchester united will join later. fin finally across the border in china, it finished down more than 0.1%. charle

let's go back to ramy inocencio. a bit of a difficult time to be putting shares on the market.d samsonite do in the end? >> that's what it looks like. every company hopes the company will pop on the first day of trading. that's not what it was like for samsonite. let me bring you on up to a touch chart that we have. basically outlining the day's performance. samsonite's share plunged more than 10% before it peared some of the losses. the stock was down 7.6% at the close at 13.4 hong kong dollars right there. tim parker, he's ceo of samsonite international here in the studio. thanks very much for being here. >> pleasure. >> samsonite's ad campaign is called step out. and basically you guys stepped out today but you sort of stumbled in the market today. tell me about that. >> i wouldn't say it's a stumbling. the market stumbled and we've stumbled a bit less than the market. to end up where we have, to be honest, is not a bad result, considering turbulent conditions out there. >> all right. what are you citing right now for the performance. >> in what sense? >> the terms of it plu

ramy inocencio has the latest developments. >> on sunday nintendo confirmed it was indeed hacked.d sony last week and pbs the week before. that would be luls security. the breach happened in mid-may but the company only confirmed it yesterday. in that statement just yesterday, the games maker added that the issue was resolved a few weeks ago and is beefing up security measures now. it said neither customer nor company information was compromised. it seems nintendo got off lightly. it's not clear whether that's thanks to robust security on nintendo's part or lulzak being nice. nintendo fixed it anyway. heart them. another post said they love the nintendo 64. as for nintendo shares, investors are falling a little bit out of love with nintendo right now with the gamesmaker. the stock closed down about 1.6% today at the close. charles? >> okay. we know what they are up to, we know what it does but we don't know what it is. can you shed any light on it? >> the group has a website. this is what they call is the lulz boat. they say all that matters is fun. it's the theme to the 1980s u.s

ramy inocencio joins us with the details of these allegations. >> carson yeung was granted bail thursday with a bond ever 7 million hong kong dollars or just under 1 million u.s. he was arrested on wednesday and has been charged with five counts of money laundering. using five different bank accounts betwe s between 2001 a. i spoke with the ceo of birmingham outside of hong kong's eastern district courthouse. he tried to distance the football club from its owner. >> the charge is not related to the birmingham d'alessio club. >> at the same time, birmingham's acting chairman posted a statement on the club's website saying, quote, members of the previous board were placed on bail for a significant amount of time and nothing came of it. the law says a person is presumed innocent until proven guilty. according to afp, he said the fact that prosecutors declined to identify the allegedly criminal origin of the money actually showed the weakness of the case and that is how things stand now. nina? >> you know, ramy, the arrest of carson yeung seems to be a new blow for this football club. birmin

ramy inocencio is here. >> this is baijo, roughly translated into white alcohol. if you've tried it, it roughly goes down like fire. it accounts for 30% of all of china's sales, and that's why diageo wants a foothold in that market and diageo sales fell 1% as it gets ready to make a commitment, shares down 0.8%. the deal it had to go through is fairly complex, this is china we're talking about after all but these here are the main points. diageo first got chinese regulatory approval to buy a majority stake in a holding company called ttrenqing and tht holds another company which gives it another control of major chinese bring. shares popped today, listed on the shanghai stock exchange and trades under the english name swell fund, stocks close up 5.89% there. the regulatory approval for diageo is only one of a number of deals just announced between britain and china, in total those are worth about $2.2 billion, premier wen jiabao just wrapped up in britain and they're closing up the deals maybe with biajo. >> white spirit is what we use to thin paint with. can you

let's go to ramy inocencio. >>> markets in ericia were mixed again, just like the past few days. first off let me take you to tokyo and the nikkei over there. the nikkei was up, did manage a gain of 0.2%. tepco fell 4% on some restructuring fears. its fears clawed back from a 13% plunge earlier today. tepco has been falling all week on growing fears that the government's plan to save and restructure it might actually collapse. shares of sumitomo and mitsubishi fell on those fears over in hong kong, the hang seng, is down about a third of a percent to 22584. it fell on fears of china money tightening on the mainland and air china fell 3.35%, china southern down 5.5%. that's because of fears of higher oil prices. in shanghai, that was the biggest market mover be fell by 1.75% to 2703. banking shares are down. new trade data is expected to come out on friday. also down to australia, the asx 200 did manage a gain of 0.3%. it was back and forth over the flat line for much of the day. in the day it did close up. jobs figures were just a bit over 7,000. that's disappointing for the jobs

let's check in with ramy inocencio on what happened here in asia today. >> thanks very much, andrew. asia pacific markets closed mostly lower. in tokyo, the nikkei was down about a third of a percent to 9597. nissan motor kept today's slide from being too dramatic. it rose 1.3% after it said its annual profit wouldn't fall as much as expected. suzuki also surprised investors with about a 3% pop. it said global sales could rise by almost 7%. that's a quick comeback for both of these after march 11th quake and tsunami. over here to hong kong. the hang seng was down 0.5%. that's after words from fed chair ben bernanke and tightening liquidity in china weighed on financials. in shanghai, the ssec did a turnaround, up about 1.5%. that's the most in more than three months. this push came from investors who bought into property and cement stocks. those sectors are expected to benefit from a new social housing program ordered by beijing. and finally, down to australia. the asx 200 was down 0.75% to 4500. this decline was led by falls in energy and materials. of course, related to the global

ramy inocencio, asia business analyst. nina? >>> video game sales in the u.s.slightly but still worth a healthy $13.6 billion and now projected to hit $17 billion by 2015. one company that's positioning itself to take advantage of that kind of growth is the french game maker ub soft, a business that got its start in the most unlikely place. jim bittermann has the story from paris. >> reporter: just another day at the office if your office happens to be at computer game maker ubisoft and if you're developing its latest video game, "just dance 2." if you want to evaluate the real gamer experience, you have to just dance, too. it's one of the most recent games in development, a company which the french like to point to as their own version of apple or microsoft, mainly because of its origins. the company was founded by five brothers from an obscure town in britain who inherited a farm supply business which morphed into a mail order company that morphed into a line of video games. they were part of the $50 billion a year video game industry. especially because of g