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Market Report - Asia Shares Up Ahead of U.S. Stimulus Vote

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Uploaded by on Feb 8, 2009

ZHANG:
Asia stocks rose ahead of a vote on a $920 billion U.S. stimulus package, looking to turn around the global economy.

Japan's Softbank was among the biggest boosts to the Nikkei. It reported a rise in quarterly profit and kept its earnings forecast.

Toyota ended higher despite ratings agency Moody's Investors cutting its credit rating and its forecast of $5 billion operating loss.

After Australia's central bank lowered its key interest rate by one percentage point to a record low earlier this week, the bank predicted the economy would barely grow this year, pushing unemployment higher and pulling inflation and the local currency lower

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