Tuesday, June 19, 2007

Asian Stocks Advance for Fifth Day, Led by Hon Hai, Nissan on Bond Yields

(Bloomberg) -- Asian stocks climbed for a fifth day
as declining U.S. bond yields eased concern borrowing costs will
rise in world's largest economy.

Hon Hai Precision Industry Co. and Nissan Motor Co. led an
advance among companies that rely on U.S. sales, helping a
regional benchmark to a record. The yield on the 10-year U.S.
Treasury note retreated for a third day after touching a five-
year high last week.


Read more at Bloomberg Stocks News

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