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Tokyo stocks bounced back Friday as investors welcomed Wall Street's overnight strength. The U.S. dollar was higher against the Japanese yen.
Industrial conglomerate Siemens AG made a net profit of 815 million (US$986 million) in its most recent quarter, the company said Thursday, improving 29 percent on the same quarter last year and beating stock market analysts' estimates.
Tokyo stocks fell Thursday as investors awaited earnings reports from major Japanese companies. The U.S. dollar was higher against the Japanese yen.
Philippine shares ended higher Tuesday as investors accumulated stocks with strong earnings potential, particularly telecommunications companies, traders said.
Tokyo stocks fell for the fourth straight session Tuesday as investors sold high technology blue chips following Wall Street's overnight fall.
Tokyo stocks fell Friday, driven down by weak high-tech issues as Wall Street's overnight gains failed to lift a listless market. The U.S. dollar was up against the Japanese yen.
Economists say Hong Kong's deflationary spiral has about run its course, and after almost six tough years of falling prices merchants were hoping Friday that the experts are right.