South Korean Stocks Lose Ground After Opening On Strong Note []

South Korean Stocks Lose Ground After Opening On Strong Note []
Friday, Seoul stocks were losing ground, after opening on a strong note. The key KOSPI index has fallen for the past six straight sessions. At 10:36 local time, the benchmark index was down 10.85 points or 0.60% at 1,788.17.

Struggling Dollar Takes A Breather On Thanksgiving Thursday []
The dollar was virtually unchanged in very quiet dealing versus its major counterparts on Thursday, with most American traders away from their desks to celebrate the US Thanksgiving holiday.

Japanese Shares Close Higher On Bargain Hunting []
Thursday, Tokyo shares closed higher on bargain hunting. The stocks recovered from early losses after the yen briefly traded above the 109-yen level against the dollar. The benchmark Nikkei 225 index closed at 14,888.77, up 51.11 points or 0.34%. The broader TOPIX index of all First Section issues on the Tokyo Stock Exchange slipped 1.34 points and ended at 1,437.38.

Yen Higher Against Majors [JPY]
The Japanese yen showed strength against its major counterparts in the early Asian deals on Friday. The yen hit a high of 223.16 against the pound at about 11:15 pm ET, up from yesterday's close of 223.61. Against he US dollar, the yen fetched to a 2 � year high of 107.62 at about 11:15 pm ET, compared to Thursday's close of 108.46.

China Shares Tumble On Global Economic Growth Concerns, Liquidity Pressure []
Shanghai stocks plunged Thursday on worries about the global economy and tight liquidity due to China Railway Group's large initial public offering. Central bank governor Zhou Xiaochuan said that China's exports to the U.S. will probably fall and global economic growth is likely to ease next year due to the U.S. subprime mortgage crisis.

South Korean Shares Plunge To Three-month Low; KOSPI Sheds 3.5% []
Wednesday, Seoul shares tumbled for the fifth straight session, with the benchmark KOSPI Stock Average plunging 3.5% to a three-month low on heavy selling in the banking sector. A steep rise in crude price and news that the Federal Reserve is anticipating a slower economic growth for the U.S. in 2008 impacted market sentiment.