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Market Update : 
Japan Falls on Earthquake, Taiwan Rises
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:05 AM EDT July 17 2007

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Taiwan led gainers in Asia as UBS raised its recommendation on the nation’s benchmark. After it was closed for public holiday, the market in Japan declined today on insurers following the strong earthquake in the northwestern part of the country. HK advanced as China-related companies paced the advance. China also surged on property firms strength, while Australia edged higher on gains in Rio Tinto.

 
Crude oil for August delivery advanced 22 cents to close at $74.15, which is the highest settlement since Aug. 11 last year.

Gasoline futures shed 9.86 cents to $2.1262 a gallon.

Wheat for September delivery lost 19 cents to settle at $6.0175 a bushel.

December corn declined 20 cents to end at $3.485 a bushel;

December oats closed down 18.5 cents at $2.5525 a bushel while November soybeans slipped 50 cents to settle at $8.9875 a bushel.
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