Wednesday, June 20, 2007

Asian Stocks Rise on Jump in Chip Prices, Japan's Exports; Samsung Gains

(Bloomberg) -- Asian stocks advanced for a sixth
day, the longest winning streak in almost eight months, after
prices of computer-memory chips jumped and a report today showed
Japan's export growth almost doubled in May.

Samsung Electronics Co. and Toshiba Corp. paced technology
shares higher, helping the Morgan Stanley Capital International
Asia Pacific Index to a record. China Mobile Ltd. led Hong
Kong's Hang Seng Index to a new high after the Chinese
government gave its approval for mainland brokerages to buy
shares overseas.


Read more at Bloomberg Stocks News

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