Sunday, May 20, 2007

Asian Stocks Rise After U.S. Confidence Picks Up; Sony, Hyundai Motor Gain

(Bloomberg) -- Asian stocks rose for the first time
in five days after U.S. consumer confidence unexpectedly
improved, suggesting demand will strengthen in the region's
biggest export market.

Sony Corp. climbed to the highest in almost five years,
helped by a rating upgrade at HSBC Securities (Japan) Ltd.
Hyundai Motor Corp. gained after Woori Investment & Securities
Co. lifted its recommendation on the shares.


Read more at Bloomberg Stocks News

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