Market Report – Asia Shares Rise, Dollar Eases Post-G20

In today’s market report… Asian markets inched up after the Group of 20 nations agreed to shun competitive currency devaluations.

While no specifics emerged at a G20 meeting in South Korea, financial officials also struck a surprise deal to give emerging nations a bigger voice at the IMF.

The dollar slipped against major currencies while commodities gained in response.

Regional share markets edged up, although Tokyo remained flat.

Rival Honda was down after a recall of 528,000 cars worldwide due to potential problems with a master brake cylinder seal.

On the plus side, Yahoo Japan jumped after it posted over $935-million in half-year profits.

Elsewhere, Australian bourse operator ASX soared after it agreed to an $8.3-billion takeover offer from the Singapore Exchange. It will create the world’s fifth largest exchange.

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