Monday, June 4, 2007

Asian Energy Stocks Climb, Led by Inpex on Oil Price; China's Shares Drop

(Bloomberg) -- Asian energy stocks rose after crude-
oil prices climbed to a two-week high, bolstering expectations
for earnings growth.

``Money is heading to commodity-related shares, pushing the
level of the overall market higher,'' said Terunobu Kinoshita,
who helps manage $785 million at Fund Creation Co. in Tokyo.
``Investors should anticipate further gains.''


Read more at Bloomberg Stocks News

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