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Japan leads Asian stock rise on U.S. bank hopes
(Reuters)

March 12th, 2009 · No Comments

Traders talk on the phone at the Stock Exchange in Hong Kong. Hong Kong stocks dived 4.8 percent as shares in banking giant HSBC dropped dramatically, with investors spooked by the group's US exposure and plans to raise fresh capital, dealers said.(AFP/Mike Clarke)Reuters – A 5 percent surge in Japan’s Nikkei average led a charge in Asian stocks on Friday, propelled by increasing confidence in the financial sector stemming from hopes that large U.S. banks will survive without a government takeover and may even profit.




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[Source: Yahoo! News: Business]

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