Market Report - Asia Up

In todays Market Report Asian shares rose to a six-month high after Goldman Sachs' stronger-than-expected profit encouraged investors to chase after riskier assets.

Japan's Nikkei didnt follow the rest of Asia, falling close to 1 percent as worries about General Motors led to selling of automakers.

Australia's top airline Qantas Airways slashed its full-year pre-tax profit forecast by more than half. Its also announced further capacity and job cuts in response to slumping passenger demand and rising competition. It shares were down as much as 11 percent.

Singapore's economy contracted a record 11.5 percent from a year earlier in the first quarter of 2009, more than a market median forecast of an 8.8 percent slump.

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News & Politics

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• Nikkei
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