Market Report – Investors Eye Currency Markets

In today’s market report… Asian share markets edged higher, with investors eyeing currency markets and strong results from computer chip giant Intel.

Japanese Finance Minister Yoshihiko Noda said South Korea’s Group of 20 Nations leadership could come under pressure due to its regular currency intervention.

The G20 will meet in South Korea from October 22. Japan’s $25.6-billion currency intervention last month, as well as other currency issues are expected to be discussed.

The yen remained near 15-year peaks against the dollar and not far from a record high, but the Nikkei was able to edge higher.

Intel’s earnings boosted hopes that the technology sector could end 2010 on a strong note, boosting shares of Japanese chip firms such as Elpida.

Elsewhere, South Korea’s Hynix Semiconductor rose, while Samsung remained flat after saying Tuesday that DRAM chip prices would continue to fall.

Foto: NTDTV