[R]9:35AM New York – 8:05 PM Mumbai – Asian markets closed higher.[/R]

U.S. stocks opened flat to lower after the release of unemployment report and new jobs creations report.

Employers added 94,000 jobs in the November month after October data was revised upward by 4,000 to 170,000. Unemployment rate in the month was unchanged at 4.7%.

Macrovision is reported to offer $2.8 billion to acquire Gemstar – TV international.

The per share value of the transaction to Gemstar-TV Guide stockholders, based on the closing price of MVSN stock on December 6, 2007, represents a 29 percent premium to the 10 day average closing price of Gemstar TV Guide’s common stock prior to its review of strategic alternatives announced on July 9, 2007.

The transaction requires, among other customary closing conditions, approval by two-thirds of the outstanding shares of Gemstar-TV Guide common stock, and a majority of the shares of Macrovision common stock voting at the special meetings to be held in connection with the transaction. News Corporation, which owns approximately 41% of the Gemstar-TV Guide common stock, has agreed to vote in favor of the transaction at the meeting of Gemstar-TV Guide stockholders to be held in connection with the proposed transaction, subject to the terms of a voting agreement.

In Tokyo Nikkei 225 Index added 82.29 or 0.52% to close at 15,956.37, in Hong Kong Hang Seng index closed down 716.45 or 2.42% to 28,842.47, in Australia ASX 200 closed higher by 53.80 or 0.82% to close 6,654.70.

In South Korea Kospi Index decreased 18.85 or 0.97% to close at 1,934.32, Thailand closed down 3.88 or 0.63% to 616.89, and Indonesia edged lower 16.45 or 0.59% to 2,778.95. India added 170.13 or 0.86% to 19,966.00.

[R]4:00AM New York, 6:00PM Tokyo - Realty, commodity and energy stocks lifts Japan 0.52%. Japan’s economy grew by revised 1.5% in third quarter. Foreign reserve assets soar to $970.1 billion.[/R]

Japan’s stocks parred a 1.4% gain by midday to close up 0.52% buoyed by rising prices of oil and metals and plans by the U.S. to freeze interest rates for five years for variable rate mortgages.

In Tokyo trading Nikkei 225 closed up 0.52% or 82.29 to 15,956.37, while the broader Topix Index rose 9.49 to 1,561.76.

In the first section of the Tokyo Stock Exchange 9.6 billion shares valued at 1.2 trillion yen were traded and in the second section 272 million shares worth 6.2 billion yen changed hands in the second section.

Of the Nikkei 225 stocks 114 rose, 71 declined and 10 were unchanged. Daiwa House Industries led gainers, rising 6.54% on plans the U.S. will freeze interest rates on variable mortgage rates and assist in refinancing into new mortgages.

Crude oil prices rose 3.1% to $90.37 per barrel after OPEC elected to keep its output quota intact. Inpex gained 2.56% and Nippon Oil Corp soared 0.11%.

Japan’s Cabinet Office reported today the economy grew by a revised annualized rate of 1.5% in the third quarter compared to the preliminary estimate of 2.6%. The statistics further showed domestic demand was revised to a decline of 0.1% from a 0.2% gain that in preliminary estimates. However, private demand was unchanged, revised downwards from the gain of 0.4% previous estimate.

Private consumption of households was unchanged in the revised figure at 0.3%. Private residential investment also slumped more at 7.9% in the third quarter as compared to previous projections of 7.8% decline, while private non-residential investment was at 1.1% from 1.7%.

Also, exports of goods and services for the three months to September were revised downwards from the gain of 2.9% to 2.6%.

Japan’s Ministry of Finance reported today that the country’s foreign reserve assets grew by $15.7 billion from the end of October to $970.1 billion as of November 30. Foreign currency reserves contributed $946 billion, securities were at $820 million, gold contributed $19.2 billion and IMF reserve position currently stands at $1.4 billion.

Of the Nikkei 225 index shares, Daiwa House Industries led advancers with a rise of 6.54%, followed by gains of 5.87% in Sumitomo Metal Industries, 5.84% in Kumagai Gumi Company, 5.57% in Tokyo Dome Corp, and 5.32% in Sumitomo Metal Mining.

Realty stocks gained after U.S. President Bush announced plans negotiated by U.S Treasury Henry Paulson and financial companies to freeze interest rates on variable rate mortgages, and also plans to assist refinancing new mortgages and obtaining loans guaranteed by Federal Housing Administration.