Monday, July 23, 2007

Asian Stocks Rise to Record on Earnings Outlook; Samsung Heavy, BHP Gain

(Bloomberg) -- Asian stocks rose, driving a
regional benchmark to a record, on speculation companies will
report increased earnings.

KDDI Corp., Japan's second-biggest mobile-phone carrier,
jumped the most in eight weeks after it said earnings improved,
while Samsung Heavy Industries Co. advanced after the
shipbuilder reported its highest quarterly net income. BHP
Billiton, the world's largest mining company, climbed after it
reported record annual production for eight of its main
commodities, setting it up for its largest yearly profit.


Read more at Bloomberg Stocks News

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