Wednesday, November 25, 2009

Asia shares gain but Nikkei hits 4-month low

Asian stocks climbed on Wednesday after the Federal Reserve raised U.S. growth forecasts for 2010 but Japanese shares fell to a four-month low on worries about capital raisings and government economic policy.

The dollar fell to a seven-week low 88.20 yen in morning Tokyo trade as Japanese exporters sold the U.S. currency and the greenback also fell against other currencies.

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