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Article: Japan : Asian Mining, Technology Stocks Rise; Tokyo Electron Advances.
- Article from:
- TendersInfo
- Article date:
- July 11, 2009
CopyrightCOPYRIGHT 2009 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
Asian stocks fell for a second weekly drop as declines among shipping companies and Japanese property developers offset gains by consumer and mining shares.
STX Pan Ocean Ltd., South Korea s biggest bulk carrier, lost 3.7 percent after shipping rates slumped for a seventh day. Mitsubishi Estate Co. fell 1.2 percent in Tokyo as office vacancies gained. Sapporo Holdings Ltd., Japan s fourth-largest beermaker, jumped 4.8 percent as the country s beer shipments rose. Rio Tinto Group, the world s No. 3 mining company, added 1.6 percent after copper and oil prices climbed in New York.
The MSCI Asia Pacific Index dropped 0.3 percent ...