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Market Update Analysis: 
Financials, Shippers Lift Tokyo Stocks
Author: 123jump.com Staff
123jump.com
Last Update: 2:40 PM EDT June 02 2008


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In Tokyo trading a gain in financial and commodities stocks lifted market indexes. The government reported wages in April rose 0.6% from a revised rise of 1.5% in March to 281,246 yen. The number of hours worked per person in the month was unchanged at 154.5 and number of full time employees increased 1.7% to 44.8 million.

 
Kajima Corp led decliners in the Nikkei 225 index shares with a fall of 3.26% followed by losses in NTT DoCoMo Inc of 2.98%, in Sumco Corp of 2.96%, in Daiichi Sankyo of 2.86%, and Osaka Gas Co. Ltd of 2.35%.

Asian Markets review

In Tokyo Nikkei 225 Index closed higher 101.60 or 0.71% to 14,440.14, in Hong Kong Hang Seng index increased 298.24 or 1.22% closed to 24,831.36. In Australia ASX 200 index higher 7.60 or 0.13% to close 5,662.30. In Malaysia KL Composite index decreased 13.61 or 1.07% closed to 1,262.49.

In South Korea Kospi Index decreased 4.49 or 0.24% to close at 1,847.53, in Thailand SET index closed lower 23.43 or 2.81% to 810.22 and Indonesia JSE Index edged decreased 16.58 or 0.68% to 2,427.77. Sensex index in India decreased 352.39 or 2.15% to 16,063.18.
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