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Asian Stocks Rise, Led by Banks, Automakers; UFJ, Toyota Gain 04/07/2008 07:54. July 3 (Bloomberg) -- Asian stocks trading in the U.S. rose, led by Japanese banks and automakers, as U.S.
job losses in the U.S. fueled speculation that interest rates in
the world's biggest economy won't rise. Mitsubishi UFJ Financial Group Inc. gained the most in a month after Japan's largest bank by market value said it may make an overseas acquisition. Toyota Motor Corp. , Japan's biggest automaker, rose the most in a week. The Bank of New York Co.'s Asia ADR Index , which tracks the region's American depositary receipts, gained 0.6 percent to 145.47. Even with today's gain, the index fell for the fifth straight week. U.S. exchanges closed at 1 p.m. New York time and will be shut for the Independence Day holiday tomorrow. Nikkei 225 Stock Average futures expiring in September... // Bloomberg |