Increased uncertainty on questionable US recovery

GigaMedia Ltd. (GIGM) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. The 2010 annual general meeting of the shareholders of GigaMedia Limited (the “Company”) will be held on June 29, 2010 at 3:00 p.m. local time at The Centrium, 60 Wyndham Street, Central Hong Kong, in the Board Room on the Twenty-second Floor

SinoHub, Inc. (SIHI) files 8-K - Current report. SANTA CLARA, Calif. and SHENZHEN, China, June 2, 2010 – SinoHub, Inc. (NYSE Amex: SIHI), a rapidly growing electronics company in the People's Republic of China currently engaged in electronic component sales, private label mobile phone manufacturing and sales, and electronic component supply chain management (SCM) services, today announced that it has secured two new bank lines to assist in financing its Virtual Contract Manufacturing (VCM) business and expand trade relationships with component suppliers.

Suntech Power Holdings (STP) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. San Francisco and Wuxi, China, June 3, 2010 — Suntech Power Holdings Co., Ltd. (NYSE: STP), the world’s largest crystalline silicon photovoltaic (PV) module manufacturer, today announced financial results for its first fiscal quarter ended March 31, 2010. First Quarter 2010 Highlights Total net revenues were $588.0 million in the first quarter of 2010, representing 0.8% growth sequentially and 86.3% year-over-year Total PV shipments increased 11% sequentially and 182% year-over-year Gross profit margin for the core wafer to module business was 22.1% in the first quarter of 2010 Consolidated gross profit margin was 19.5% in the first quarter of 2010 Net income attributable to holders of ordinary shares was $20.7 million, or $0.11 per diluted American Depository Share (ADS). Each ADS represents one ordinary share Suntech increases 2010 annual shipment target from 1.25GW to 1.3GW, which represents an 85% increase above 2009 total shipments Suntech achieved 1.2GW of PV cell and module production capacity at the end of the first quarter of 2010

Xinyuan Real Estate Co., Ltd. (XIN) files 424B3 - Prospectus [Rule 424(b)(3)]. The selling shareholders identified in this prospectus supplement are offering an aggregate of 9,500,000 American Depositary Shares, or ADSs, each ADS representing two of our common shares, par value US$0.0001 per share. We will not receive any of the proceeds from the sale of ADSs by the selling shareholders, who will receive all of the net proceeds from the sale of the ADSs offered by this prospectus supplement and the accompanying prospectus.

Yayi International (YYIN) files 8-K - Current report. The purpose of the Yayi International Inc. 2010 Employee Stock Option and Stock Award Plan (the "Plan") is to enhance the long-term stockholder value of Yayi International Inc., a Delaware corporation (the "Company"), by offering opportunities to employees and directors of the Company and its Subsidiaries (as defined in Section 2) to participate in the Company's growth and success, and to encourage them to remain in the service of the Company and its Subsidiaries and to acquire and maintain stock ownership in the Company.

Zacks Analyst Blog Highlights: Automatic Data Processing, Wal-Mart, Fannie Mae, Freddie Mac and Suntech. Automatic Data Processing (Nasdaq: ADP) reported that the economy gained a total of 55,000 private sector jobs in May, and the job gains it saw for April were revised sharply higher to 65,000 from 35,000. This is the fourth month in a row that ADP has reported job gains, but the numbers are modest relative to the size of the pool of unemployed. The job gains in May were below consensus expectations of 60,000 new private sector jobs. ADP should be in a good position to gauge the strength of the job market, because it is the largest processor of payroll checks in the country by a very wide margin. However, while over time the ADP numbers generally have a good correlation with the “official” private-sector jobs gains and losses reported by the BLS (whose numbers are due out tomorrow morning), in recent months the ADP numbers have been very wide of the mark. While the fact that the economy is once again gaining jobs is very good news, and news that was really unexpected a few months ago, it is clear that unemployment is still the single most important problem facing the economy. This is not the time to let up on economic stimulus, either fiscal or monetary. There is still a huge amount of slack in the economy and no sign at all of inflation. Thus any talk of raising the Fed funds rate is extremely premature, and indeed the Fed should probably be doing more to increase the supply of money and credit. The most direct way of doing so would be to further expand the size of its balance sheet by buying Treasury notes. Another thing it could do is cut the interest rate it pays banks to hold on to their excess reserves to entice them to actually make loans to businesses.