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Nikkei, Asian Stock Stocks Rally; China Eyes Japanese Stocks, Dubai Invests in Sony

November 27th, 2007 · No Comments

Japan market summary for Monday (Nov. 26)
Nikkei 225 Stock Average: +246.44 (+1.7%) to 15,135.21
Nikkei 225 futures Osaka: +400 (+2.7%) to 15,200, Singapore (SGX) +400 (+2.7%) to 15,180, Chicago (CME) *11/23 +295 (+2.0%) to 15,000
TOPIX: +29.65 (+2.1%) to 1,467.03; Advancers 1,282 x decliners 354 (unch. 87), New highs 3 x new lows 87; 32/33 sectors posted gains (- shipping stocks)
Nikkei Jasdaq: +9.52 (+0.6%) to 1,732.69
Yen: strengthened 0.2% against the US$ to the 108.55-60 level late in Tokyo; mostly flat against the euro at the 161.30-35 level

Notes: Aside from stocks rallying across Asia, sentiment was also boosted on news of overseas interest in Japanese stocks. China’s sovereign investment fund, China Investment Corp., was reported by the Nikkei Shimbun to be set to invest in Japan. Meanwhile, Sony received a “substantial” investment (likely up to 5%) from Dubai International Capital. Let’s see what, if any, protectionist reactions develop from China’s investment decisions.

MOTHERS +0.7%, HERCULES +1.6%.

Tags: Market Summary

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