Wednesday, May 16, 2007

Asian Stocks Rise on TDK, Astellas, Macquarie Bank Earnings; Kajima Falls

(Bloomberg) -- Asian stocks rose after TDK Corp., Astellas Pharma Inc. and Macquarie Bank Ltd. reported earnings that beat estimates.

Expectations that economic and profit growth in Asia will exceed the rest of the world has helped the Morgan Stanley Capital International Asia-Pacific Index outpace its global equivalent in four out of the past five years.


Read more at Bloomberg Stocks News

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