Tuesday, May 22, 2007

Japanese Stocks Rise After Mizuho Forecasts Record Profit; Hitachi Climbs

(Bloomberg) -- Japanese stocks rose for a third day.
Lenders led indexes higher after Mizuho Financial Group Inc.
forecast a record profit for this financial year.

Mizuho jumped by the most since January 2006. Sumitomo
Mitsui Financial Group Inc., which forecast on May 21 profits
will climb this year, surged 6.3 percent, adding to a 5.7
percent gain yesterday.


Read more at Bloomberg Stocks News

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