Tuesday, May 22, 2007

Asian Stocks Climb for a Third Day, Nearing Record; Mizuho, Airlines Gain

(Bloomberg) -- Asian stocks rose for a third day,
led by Japanese banks after Mizuho Financial Group Inc. forecast
record earnings and the Nikkei newspaper said Mitsubishi UFJ
Financial Group Inc. will pay a higher dividend than planned.

A measure of financial shares posted the biggest gains
among 10 industry groups included in the Morgan Stanley Capital
International Asia-Pacific Index. Mizuho, Japan's second-largest
lender, jumped by the most in more than a year.


Read more at Bloomberg Stocks News

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