ZHANG: Asian stocks followed Wall Steet's lead and gained broadly Friday, buoyed by the dollar's continued strength against the yen. In Japan, exporters like Sony pushed the Nikkei to a five-month high as the greenback rose to 106 yen to the dollar. The Japanese government said Friday that total subprime-related losses at Japanese financial firms hit $8 billion at the end of March. That's only a fraction of the losses at U.S. and European firms. Meanwhile, commodities-linked shares in Australia rebounded from recent declines, with Woodside Petroleum helping to lift the Sydney benchmark from a seven-week low. Oil rose above $128 a barrel Friday, part of a $6 jump from the previous day, although still off record highs hit in May. And finally, Taiwan tech stocks like chip giant TSMC rose, pushing the benchmark to a one-week closing high.
Rating: (0 ratings) |
Views: 4 |
Added: Jun 7, 2008 |
| Category: News |
Author: NTDTV |
|
|