Market Report – Asia Gains

In today’s Market Report… regional shares from Sydney to Seoul surged today.

Japan’s Nikkei posted its eighth straight gain, with Fujitsu jumping on better-than-expected earnings targets.

Sony rose after a Nikkei report that it would invest over $1.1 billion in an LCD venture with Sharp.  The deal aims to supply growing TV panel demand.

Consumer electronics giant Panasonic rose after a broker hiked its rating, while rival Samsung reported a 5 percent rise in quarterly profit.

Shares of South Korea’s Hynix, the world’s number two memory chipmaker, were flat after it announced a sharply narrower loss of about $47 million.

Sydney’s benchmark, meanwhile, hit a 9-month high, with chemicals firm Nufarm again soaring after it confirmed it was a takeover target of China’s Sinochem.

(NTDTV)