DEBORAH MARCHINI, CNN ANCHOR: It's time now to get a look at the Asian markets. Among the two biggest, there was selling in evidence. Dalton Tanonaka joins me now, live from Hong Kong, with a look at what happened there and elsewhere -- Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Good morning, Deborah. Concerns over weak earnings in Tokyo prevented any follow-through on recent gains in the Nikkei. Reports that electronics giant TDK would announce poor earnings sent the blue chip index down .75 percent. A similar story was heard in Hong Kong, the Hang Seng falling by the same amount. But investors in Singapore helped the Straits Times index pick up .75 percent. One of the big movers there was Singapore Airlines. That company has a 25 percent stake in Air New Zealand, the parent of Ansett Australia, and that air carrier had 10 of its jets grounded for more than a week during the busy Easter weekend. One took off again, and Australian safety authorities say they won't be revoking Ansett's operating license. Checking the stocks, Air New Zealand's A shares closed the day up 2.8 percent, its unrestricted B shares firmed more than 1.25 percent, and Singapore Airlines surged nearly 9 percent. That is a quick wrap-up of the business and market day here in Asia. Back to you, Deb, in New York.</s>MARCHINI: All right, thanks, Dalton.
Asian Market Update: Stocks Fall in Japan, Hong Kong, Rise in Singapore