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Market Report - Asia Shares Mostly Higher
Market Report - Asia Shares Mostly Higher
CHEN: Asian shares rose cautiously Friday, led by markets in Taiwan and Korea that hit year highs. Taiwan's benchmark share index hit a 2008 peak on hopes of improved ties with China. High Tech Computer, the world's top smart phone maker, gained over 4 percent. In Korea, the KOSPI inched higher, touching a year peak as chip giant Hynix Semiconductor followed U.S. peers higher. The Australian share benchmark rose, led by top miner BHP Billiton, which jumped to a new record. Japan's Nikkei dipped, breaking a four-day winning streak and ignoring better-than-expected economic growth in the last quarter. Supporting the market, Mizuho Financial gained over 2 percent, after the bank said it aimed to buy back some $3.8 billion of its own shares this year.
YouTube | May 17, 2008
