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Asia Top News and Analysis Japan

  • Mitsubishi UFJ Financial Group, Japan's largest bank, posted a 49 percent drop in first-half profit on Wednesday, hit by subprime-related investments and hefty losses at its credit card unit.

  • Japan Tobacco, instant noodle maker Nissin Food Products and frozen food maker Katokichi announced Thursday a deal under which Japan Tobacco and Nissin will purchase the frozen food producer.

  • A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Oil prices spiked to a record high just shy of $100 a barrel  lifting the shares of energy firms, but financial stocks sank Asian markets. Japan closed 2.4 percent lower whilst South Korea shed 3.5 percent.

  • Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Trading proved volatile in the afternoon Asia session Tuesday with markets see-sawing and in out of the black.  Australia and South Korea ended lower, but a late turnaround pushed Japanese stocks out of the red with the Nikkei closing 1.1 percent higher.

  • A group of investors led by U.S. buyout firm J.C. Flowers & Co will bid about $1.8 billion for up to 32.6 percent of Shinsei Bank, reinvesting in the Japanese bank it helped resurrect in one of the most lucrative private equity deals ever.

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    Asian markets closed mostly lower Monday with investors selling stocks on U.S. economic concerns amid a lack of market-moving factors. Japan and South Korea both finished lower after initial gains during the morning session.

  • Asian markets closed sharply down Friday, amid renewed worries about the health of the U.S. economy and the effects of the credit crunch on the broader global economy. Japan, South Korea and Australia all declined.

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    Asian markets closed lower Thursday, with investors selling ahead of key U.S. October consumer inflation data due later today. Japan, South Korea and Australia all finished lower despite trading higher throughout most of the session.

  • The World Bank on Thursday lifted its economic growth estimate for East Asia this year by a full percentage point after an unexpected strong spurt in China's growth in the first half of 2007.

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    Asian markets rebounded after four straight sessions of losses, with some markets climbing nearly 5 percent as investors picked up financials and other battered stocks.

  • Asian markets closed mixed Tuesday, with Japan ending weaker for an eight consecutive session. But South Korea and Australia managed to eke out gains after weaving in and out of negative territory throughout the day.

  • Investors track stock prices, China

    Soaring food costs drove up China's inflation in October, reinforcing expectations that the central bank will raise interest rates again before long to keep a lid on price pressures. Consumer price inflation quickened to 6.5 percent in October, matching the near 11-year peak scaled in August, from 6.2 percent in September.

  • Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian markets closed sharply down Monday, with investors dumping stocks and seeking safer bets after more evidence that U.S. subprime-mortgage related woes continue to feed into the global banking sector and economy. Japan and South Korea closed sharply lower, with today's losses wiping out all of the Nikkei's gains for 2007.

  • Loaded cargo ships carrying imported goods are anchored off the coast of the ports of Los Angeles and Long Beach, Calif., Monday, Oct. 11, 2004, waiting for the opportunity to be off-loaded at the docks. The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history. (AP Photo/Reed Saxon)

    China on Monday posted a record trade surplus for October, but the total was smaller than expected, as climbing raw material costs and strengthening domestic demand gave a boost to imports.

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    Asian markets closed mixed, with stocks under pressure as the U.S. dollar slumped to a record low against the euro in the afternoon session Friday. Japan shed over 1 percent but South Korea and Australia both finished higher.

  • Japanese and European antitrust authorities raided companies making cathode ray tubes on Thursday on suspicion of price-fixing.

  • CHina Stocks

    Asian markets closed deep in the red Thursday as investors dumped financial shares on credit fears. Japan finished 2 percent lower and South Korea shed 3.1 percent.

  • Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian Markets closed mixed, with Japan ending weaker after spending most the session in positive territory. South Korea and Australia though finished stronger with Seoul gaining almost 2 percent.

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    Asian stocks closed sharply lower Monday, pulled down by the financial sector, with fears that the credit crisis is still in full swing returning.