Asian economic and corporate news summary.

(From AFX Europe (Focus))

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 0950 GMT

JAPAN:

-Sept current account surplus up 9.4 pct yr-on-yr; above forecast

-Sept revised indl output down 0.7 pct vs Aug, unchanged from initial

-Oct wholesale goods price index rises 2.8 pct yr-on-yr

-Consumer confidence rises for 1st time in 3 mths in Oct

-Sept domestic cellphone shipments down 19 pct year-on-year

-Sept industrial output down 0.7 pct vs Aug, same as initial estimate

-Japan consumer confidence rises for 1st time in 3 mths in Oct

-Oct beer, 'happoshu' shipments down; '3rd-sector' drink shipments up

-Isuzu H1 net profit 55.41 bln yen vs 26.02 bln yen

-Isuzu H1 net profit hits record on domestic sales of trucks

-Oriental Land H1 net profit 5.34 bln yen vs 5.51 bln yen

-Oriental Land H1 net profit dips on sluggish sales at Disney stores

-Hitachi, GE to join forces in nuclear power plant business

SOUTH KOREA:

-Korean Air launches regular flight to Nepal

HONG KONG:

-Govt intent on lowering budget deficit to 3.4 pct of GDP 2007 -minister

-Hong Kong legislators to probe proposed Li Ka-shing/Telefonica purchase of PCCW

-Telefonica, Li Ka-shing to join HK financier in buying 22.65 pct of PCCW

-CLP Jan-Oct electricity sales …