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Published: Tuesday 20 August, 2013

cheap online stores cheap online stores ?Asia stocks up after successful Greek bond auction



Greece held a sale of shortterm treasury bills Tuesday that will help it make a crucial debt repayment at the end of the week. Without the sale, Athens would have found it impossible to repay the EURO5 billion $6.4 billion treasury bill maturing on Friday, the day on which Prime Minister Antonis Samaras has said Greece would run out of money.



Analysts at Credit Agricole CIB in Hong Kong called the auction of 4.06 billion euros $5.15 billion in bills a success and said that it added to the positive tone helping to boost stocks.



Japans Nikkei 225 index rose marginally to 8,662.30. Hong Kongs Hang Seng added 0.9 percent to 21,373.88 and Australias S 200 gained 0.3 percent to 4,393.30. South Koreas Kospi fell 0.1 percent to 1,887.69.



Benchmarks in Taiwan, Indonesia and the Philippines also rose. Singapore and Malaysia fell.



Greece has been locked out of the international longterm debt market by exceptionally high interest rates demanded for its bonds since 2010, and has been relying on funds from rescue loans by other euro countries and the International Monetary Fund. leaders reach a compromise before then.



Unless Congress acts, all Bushera tax cuts would expire, raising 2013 tax bills for most Americans. Obama wants to end those tax cuts only for households making more than $250,000 a year while Republicans oppose all tax rate increases. stocks to one of their worst weekly losses of the year last week. lawmakers gathered for talks on Tuesday, giving trade cheap online stores rs hope that at least a temporary compromise might somehow be reached before the fiscal cliff deadline in seven weeks.



People feel theres been a significant pullback over fiscal cliff worries, said Andrew Sullivan, an independent market analyst in Hong Kong. The reality is we are likely to see a solution.



Among individual stocks, Japan cheap online stores s Sharp Corp. soared 7.9 percent after Japanese media reports said Intel Corp., the worlds largest chipmaker, was in talks with the struggling electronics maker about a business alliance.



South Korean tech shares led gains in Seoul. Chipmaker SK Hynix gained 4.3 percent. LG Electronics added 5.6 percent on an improved sales outlook for the fourth quarter, Yonhap News Agency said.



On Tuesday, the Dow closed down closed d cheap online stores own 0.5 percent at 12,756.18. The Standard Poors 500 index fell 0.4 percent to 1,374.53. The Nasdaq composite index lost 0.7 percent to 2,883.89.



Benchmark oil for December delivery was down 2 cents to $85.36 in electronic trading on the New York Mercantile Exchange. The contract fell 19 cents to finish at $85.38 per barrel on the Nymex on Tuesday.



The euro rose to $1.2723 from $1.2705 late Tuesday in New York. The dollar rose to 79.49 yen from 79.41 yen. cheap online stores

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