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Asian Markets Overview of March 23, 2010: Alibaba Group and Softbank (TYO:9984) in E-Commerce Partnership Talks

🕔3/23/2010 1:30:39 PM

Overnight the Wall Street was stronger after the bill overhauling the US healthcare system was passed. Asian stock markets were mostly lower on Monday as Reserve Bank of India unexpectedly increased the official interest rate by 25 basis points. The Indian central bank's move has raised fears of an earlier-than-expected rate hike in China. Hong Kong's Hang Seng Index fell 2.05 per cent and South Korea's Kospi was down 0.8 per cent. But Shanghai composite edged 0.2 per cent higher. Japanese markets, which were closed for public holiday yesterday, resume trading on Tuesday.

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Australian Market Report of February 25: Lower Metals Prices Hit Resources Giants

🕔2/25/2010 9:30:19 AM

The Australian share market fell sharply Wednesday after led by mining giants BHP Billiton and Rio Tinto as metals prices dropped. The benchmark S&P/ASX200 index ended down 69.8 points, or 1.5 per cent, at 4648.5, while the broader All Ordinaries index lost 65.1 points, or 1.4 per cent, to 4665.9.

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Australian Market Report of February 23: Market in Positive Sentiment

🕔2/23/2010 9:30:34 AM

Australian shares rallied on Monday with gains in resources stocks helped to lift the market. The better-than-expected corporate earnings also fueled the rise. At the close, the benchmark S&P/ASX200 index was 82.4 points, or 1.8 per cent higher, at 4717.5, while the broader All Ordinaries index rose 76.4 points, or 1.6 per cent, to 4732.7.

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Asian Markets Overview of February 18

🕔2/18/2010 1:30:51 PM

Asian markets rallied Wednesday led by resources shares. Japan's Nikkei surged 2.7 per cent while Japanese exporters were helped by the weaker yen. Hong Kong market rose 1.3 per cent led by Chinese banks, as investors digested the Chinese government's decision before the Lunar New Year holiday to increase bank reserve requirement. Singapore also resumed trading on Wednesday and posted a 1.3 per cent gain. Today Shanghai and Taiwan markets remained closed.

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Asian Markets Overview of February 10

🕔2/10/2010 1:30:34 PM

Asian shares are expected to remain rising after a rebound in most markets yesterday. On Tuesday China's Shanghai Composite rose 0.5%, Taiwan's Taiex surged 2% and South Korea's Kospi added 1.1%. Hong Kong's Hang Seng Index gained 1.2% spurred by Swiss banking major UBS's return to profit.

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Australian Market Report of January 29: Losing Streak Ended

🕔1/29/2010 9:30:13 AM

The Australian share market Thursday broke its losing streak. The market was boosted by US President Barack Obama's first State of the Union address to Congress. Mr. Obama said jobs must be the number one priority in 2010 and offered proposals for financial reform, education, health care reform, government spending, national security and more. At the close, the benchmark S&P/ASX 200 index rose 28.7 points, or 0.62 per cent, to 4673.3, while the broader All Ordinaries lifted 0.59 per cent to 4697.7.

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Asian Markets Overview of January 14

🕔1/14/2010 1:30:49 PM

US stocks overnight rose overnight as investors were looking for positive corporate results to fuel the rally after a disappointing start of the earnings season. A brokerage upgrade of drugmaker Merck & Co and an upbeat outlook from Kraft Foods Inc has helped to lift the healthcare and consumer sectors. Financial shares also climbed during a hearing over the financial crisis on Capitol Hill.

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