Asian stocks dip again

Most Asian share markets declined Wednesday, shaking off a firmer Wall Street performance overnight. Japanese technology shares rose early, but the Nikkei dipped again as stock selling intensified as the yen appreciated against the dollar and euro. On the plus side, Sony gained on plans to list the blue chip electronic firm's financial unit, after an IPO worth up to $3 billion. In Korea, the main KOSPI eased after a rally since August 17 that has lifted the index from 3-month lows. Steel giant POSCO declined after hitting a record high Tuesday. In Hong Kong, the Hang Seng hit another record high in early trade, its third in four sessions, as China Mobile led telecommunications shares higher on predictions that long-awaited 3G licenses will be issued later this year. Dan Sloan reporting. COMPANIES MENTIONED: Sony, POSCO, China Mobile SYMBOLS: 6758.T, 005490.KS, 0941.HK

Submission | September 5, 2007

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