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Friday, March 13, 2009

Asian stocks open in green


Asian stocks climbed, after statements from Bank of America and General Electric eased concern the financial crisis will deepen.

Mizuho Financial Group gained more than 4%. Sony jumped 5.5% after the electronics maker said it will form a partnership with Seiko Epson on liquid-crystal displays.

Japanese benchmark index Nikkei advanced 90.15 points, or 1.22%, to trade at 7,285.97.

Hong Kong`s Hang Seng index rose 25.19 points, or 0.21%, to trade at 11,905.47.

China`s Shanghai Composite gained 22.48 points, or 1.05%, to trade at 2,116.54.

Taiwan`s Taiex index went up 18.31 points, or 0.38%, to trade at 4,778.27.

South Korea`s Kospi index increased 9.50 points, or 0.84%, to trade at 1,118.01.

Singapore`s Straits Times climbed 6.75 points, or 0.45%, to trade at 1,498.76. (7.39 a.m., IST).