Market Report – Asia Steady

In today’s market report… Korean technology shares helped Asian markets edge higher.

Shares in Samsung Electronic, the world’s biggest maker of memory chips, jumped, although the company says it’s cautious on the outlook for the sector.

Elsewhere in Asia, markets were subdued with Japan still closed for a public holiday.

A recovery in the price of dairy products pushed the New Zealand dollar to a 13-month high on Tuesday, after the world’s biggest dairy exporter Fronterra raised its forecast payout to farmers by 12 percent.

The kiwi has risen more than 40 percent since hitting a six-year low in March, raising concerns about its impact on the country’s exports.

Commodity prices, which had fallen overnight, gained on Tuesday as the U.S. dollar retreated.

Meanwhile, China Investment Corp, a $200 billion sovereign wealth fund, has bought a 14.5 percent stake in trading firm Noble Group.

Noble, which has interests from Brazilian sugar to Australian coal, gives China greater exposure to global commodities and trading expertise as it tries to secure access to the raw materials needed to feed its economy.

(NTDTV)