Sunday, July 8, 2007

Asian Stocks Resume July Rally on Economic Growth, Oil; Samsung Climbs

(Bloomberg) -- Asian stocks resumed their July rally
on signs economic growth in Japan and South Korea is accelerating
and as crude oil traded near a 10-month high.

Japan's Komatsu Ltd. gained the most in a week after a
government report showed machinery orders rose more than forecast
in May. Samsung Electronics Co. led the Kospi index to a fourth
straight high after the commerce ministry raised its forecast for
South Korean exports. BHP Billiton Ltd., Australia's largest oil
explorer, climbed for an eighth day.


Read more at Bloomberg Stocks News

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