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Article: Japan : Japan Bank Stocks Rise as Earnings Concern Eases; Inpex Falls.
- Article from:
- TendersInfo
- Article date:
- December 22, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Japan stocks fell, led by commodity producers, as the deepening global recession drove oil and metals lower, countering the central bank s efforts to boost the economy.
Inpex Corp., the nation s biggest oil explorer, dived 5.9 percent as crude headed for the second-biggest weekly decline in five years. Sumitomo Metal Mining Co., Japan s No. 2 copper smelter, sank 3.1 percent as prices for the metal reached a five- year low. Daiwa Securities Group Inc. rose to a five-week high on speculation the sale of its Sanyo Electric Co. stake will boost its financial health.
The Nikkei 225 Stock Average fell 78.71, or 0.9 percent, to close ...
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