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Japanese ADRs lead Asia’s advance

Japanese ADRs lead Asia's advance U.S.-listed shares of Asian companies jumped Thursday, supported by gains among Japanese shares and Chinese online providers that rose on earnings. The Bank of New York Asia American Depositary Receipt Index rose 1.47 points, or 1%, to 139.38, making it the bank's best-performing subregional index. The overall Composite Index added 0.33 points to 143.03. Japan's ADRs were on the forward march, supported by what many see as a full-scale Japanese economic recovery. Earlier, the Nikkei 225 Average, Tokyo's major benchmark, rose 2% to 16,096.10. See Asia Markets. Financial shares were higher after the nation's leading business

Asia: Telephone stocks rebound

Asia: Telephone stocks rebound Asian telephone stocks, the worst performers since the regions markets started rallying three years ago, are rebounding as investors look for shares less likely to be hurt by rising interest rates and raw material costs. Weve been moving into telecommunications, said Teresa Chow at RBC Investment Management Asia in Hong Kong. Theyre more domestic plays and they offer decent yield. The Morgan Stanley Capital International index of 28 Asia-Pacific telecommunications stocks has risen 5.1 percent this quarter. KT Freetel of South Korea and KDDI of Japan have led the advance. The index is one

HK Asia Aluminum Chmn To Buy Co At HK$1.30/Shr - Source-2

HK Asia Aluminum Chmn To Buy Co At HK$1.30/Shr - Source-2 The chairman of Asia Aluminum Holdings Ltd. (0930.HK), the region's largest aluminum extruder by output, is seeking to buy out the company at HK$1.30 a share, a person close to the situation said Wednesday. Kwong Wui-chun, also the company's major shareholder, said in February he may acquire the shares in the firm he doesn't already own. The proposed buyout price represents a 13% premium to the company's closing share price Tuesday of HK$1.15. The stock was suspended from trading Wednesday pending a disclosure by its major shareholder on plans to

Korean Clubs Advance in Asia Matches

Korean Clubs Advance in Asia Matches South Korean teams got off to a strong start in the Asian Football Confederation Champions League competition with both Ulsan Tigers and Chonbuk Motors winning their first group matches. Ulsan, defending champion of the K-League, beat Tokyo Verdy 2-0 in its Group F match in Tokyo on Wednesday. Choi Sung-kuk scored in the 57th minute off a Park Kyu-sun set-up, and Leandro Machado doubled the advantage 14 minutes later. Machado, K-League’s best scorer last season with 13 goals, was fed from a new Brazilian import, Vinicius, and fired a right-footer into the net of the Japanese

Asia Fund Poll: Managers More Positive On Stocks

Asia Fund Poll: Managers More Positive On Stocks International fund managers have become more positive toward equities globally in the past month, citing strong earnings and attractive valuations in many countries. Managers in the latest monthly survey by Dow Jones Newswires raised their average weighting slightly for equities in a global portfolio, leaving it at a slight overweight. They have a neutral view on cash and are slightly underweight on bonds, which they say suffer from unattractive yields. "Within the mainstream asset classes, equities do seem to be able to offer a good enough absolute return in 2006," says JF Asset