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TOP ASIAN NEWS
from The Wall Street Journal Online.

Asian-Pacific stock markets closed mostly lower, with Tokyo falling for the sixth straight session. Declines in the real-estate sector weighed on Hong Kong shares.

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MARKET INDEXES
Australia All Ordinaries 3007.20 - 0.31%
China DJ China 88 125.67 - 1.95%
Hong Kong Hang Seng 13066.84 - 1.61%
Japan Nikkei 10895.16 - 1.13%
Singapore STI 1973.46 - 0.76%
South Korea Composite 832.10 + 0.29%
Taiwan Weighted 5892.21 - 0.76%

FOR MORE NEWS ON ASIAN-PACIFIC MARKETS, see:
http://online.wsj.com/page/0,,2_0027,00.html

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AND IN TOP NEWS ...

Japanese economic activity in July shrank more than expected, the latest in a string of disappointing data that are raising questions whether the economy's recovery is stalling.

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UFJ Holdings plans to trim its work force by 3.4% and take other streamlining measures as it presses ahead with a merger with Mitsubishi Tokyo Financial Group.

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Viacom is expected to announce a production alliance with Beijing Television and an expansion of its MTV China footprint to build the media giant's standing with Beijing.

FOR MORE NEWS ABOUT ASIA, see:
http://online.wsj.com/page/0,,2_0004,00.html

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