Sunday, July 15, 2007

Asian Stocks Are Little Changed Near Record; Woodside Gains, Samsung Drops

(Bloomberg) -- Asian stocks were little changed as
gains in energy-related shares, driven by crude oil prices
trading near an 11-month high, offset concern that a recent
technology rally more than reflects industry earnings prospects.

Woodside Petroleum Ltd., Australia's second-largest oil and
gas producer, and Keppel Corp., the world's No. 1 builder of oil
rigs, rose. Samsung Electronics Co. fell the most in a year
after memory-chip prices posted the biggest drop in two weeks.


Read more at Bloomberg Stocks News

No comments: