Shares closed higher in Tokyo with the Nikkei up 554 at 13,174 on short covering and baragin hunt...
Shares closed higher in Tokyo with the Nikkei up 554 at 13,174 on short covering and baragin hunting after an overnight rally in the US.
The ruling LDP party's move to cut long-term capital tax gains by more than expected also helped to push stocks into positive territory.
The Hang Seng was at 12698.83, up +485.16 and the Singapore Straits Times was higher by 15 points in late trading at 1620.21.
On the FTSE 100 this morning better than expected interim results from ARM Holdings and continuing confidence in Marconi have combined to lift the TMT sector. WPP Group Plc dropped after Merrill Lynch cut its recommendation for the advertising company.
The U.K.'s benchmark FT-SE 100 Index fell 3.6 points to 5798.4. The Techmark index climbed 15.90 points, or 0.8 percent, to 1,852.30.
ARM, Europe's biggest designer of microprocessors, rose 25p, or 8.9%, to 305. The company's first-quarter net income rose to £7.73m pounds from £6.67m pounds in the same period a year earlier. Revenue rose 52%, beating forecasts. p>
WPP, the advertising company, lost 7.5p to 721 after Merrill cut its recommendation to "neutral'" from "accumulate'" as worries about an advertising slump deepen.
Great Universal Stores Plc gained 56p, or 13%, to 503 after saying second-half sales at Argos stores rose 6%; that same-store sales at the Burberry fashion company, excluding Burberry Spain, jumped 41% and the Experian credit-checking business rose an underlying 7% in the six months to 31 March. Home-shopping sales fell 5%.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created