Monday, July 16, 2007

Asian Stocks Are Little Changed; Japan's Shares Drop, Taiwan Advances

(Bloomberg) -- Japanese stocks fell, led by
insurers and power producers, after yesterday's earthquake.
Taiwan paced gains elsewhere in Asia after UBS AG raised its
estimate for the nation's benchmark.

Millea Holdings Inc., Japan's largest insurer by market
value, declined after the magnitude 6.8 quake in northwest Japan
killed at least nine people and destroyed property. Tokyo
Electric Power Co. dropped as it was ordered to keep closed a
damaged nuclear power plant that leaked contaminated water.


Read more at Bloomberg Stocks News

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