THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. DEBORAH MARCHINI, CNN ANCHOR: Tokyo stocks near a 17-year low. Dalton Tanonaka is live in Hong Kong with a look at Asia -- hi.</s>DALTON TANONAKA, CNN CORRESPONDENT: Hi, Deb. Two of Hong Kong's most prominent firms, let's start there first. Posting first half earnings at the lower end of market expectations, property giant Cheung Kong Holdings, affiliate Hutchison Whampoa both reporting 76 percent drops in profits from a year ago. Optimism, though, ahead of those earnings provided for a positive day overall in the Hong Kong market. And a strong showing by China Southern Airlines following its earnings release helped shoot the Hang Seng up nearly 1.5 percent. But Tokyo did lose the gains made the session before and more, the Nikkei tumbling more than 2 percent to a new 17-year low. Tech stocks led the way down there with Sony off more than 4 percent. Japan's leading mobile phone company, NTT DoCoMo, sank nearly 7 percent on rumors of losses from overseas investments. Electronics maker Kyocera tumbled 3.33 percent. After the close of trading, the company confirmed reports that it's cutting its yearly profit target by 40 percent. That's a capsule look at the market day here in Asia. Back to you, Deb, in New York.</s>MARCHINI: All right, Dalton, thank you. Dalton Tanonaka in our Hong Kong bureau. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Tokyo Stocks Near 17-Year Low