HONG KONG: BEFORE THE OPEN, 16May2013

Tencent brought the goods last night with Q1 earnings, HSBC axing more bankers, Cathay traffic figures continue downward, and Timmy Tong might have some more mates in his jail cell. Here’s what you need to know before the open.

Cathay down in the dumps… Q1 passenger traffic and air cargo down YoY

Passenger traffic fell 2.6% YoY

Air Cargo hauled fell 0.6% YoY

Hong Kong Exchange

KOREA: CLOSING WRAP, 24Apr2013

S Korea air cargo traffic a tad light

From Yonhap News:

During the January-March period, the country’s air cargo traffic dropped 2.2 percent from the same period last year to 838,059 tons, according to the Ministry of Land, Infrastructure and Transport.