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Asian Market Update

By:   Technical Analysis Reports
  • 2009-02-07 13:17:00 GMT
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Asian stocks climbed on speculation China’s economy will avoid the recession of
global counterparts and as higher commodities prices drove gains by resource
shares.

Gold, little changed in Asia, may advance for a second day, after gaining the most in
a month as a declining dollar boosted the metal’s appeal as an alternative
investment. Silver also gained.

The yen faced selling pressure after a smaller-than-expected improvement in
Japanese business confidence.

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