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GLOBAL MARKETS-China stocks halt plunge, Asia wary but advances

TOKYO, May 29- Asian shares rose on Friday as Chinese shares edged back from the previous day's dizzying plunge, though regional investors remained fearful that the world's best performing equity market was at the beginning of a major correction. Spreadbetters expected Britain's FTSE, Germany's DAX and France's CAC to open higher, albeit modestly in light of...
Source: Reuters
Nikkei ekes out gains, may extend winning streak to 11th day

*Yahoo Japan jumps on China business plan. TOKYO, May 29- Japan's Nikkei share average edged up on Friday on hopes of better shareholder returns, looking set to extend its winning streak to 11 straight sessions and its fifth straight month of gains. Nonetheless, the market is really firm, "said Toshiyuki Kanayama, market analyst at Monex Securities.
Source: Reuters | By: Hideyuki Sano
Industrial hub Ulsan a warning for cooling South Korea

ULSAN, South Korea, May 29- The port of Ulsan was the cradle of South Korea's breakneck industrialisation. Now, the main production site for big manufacturers such as Hyundai Motor and oil refiner SK Innovation risks becoming the country's rust belt. The world's largest shipbuilder, Hyundai Heavy Industries Co, suffered an operating loss last year of about $3...
Source: Reuters | By: Choonsik Yoo
Short-term yields hit lows after solid 7-year sale

Bond yields tumbled after the government's auction of seven-year notes, the last batch of this week's $90 billion offering of new debt supply.
Source: CNBC.com | By: Karma Allen
TREASURIES-Long-dated yields edge higher on profit-taking

*Treasury to sell $29 bln in 7- yr notes. NEW YORK, May 28- U.S. long-dated Treasury yields edged higher on Thursday after traders took profit following a recent price rally, while data showing that U.S. weekly jobless claims unexpectedly rose drew some demand for short-dated notes. "We've seen some month-end buying all week," said Kim Rupert, managing director at...
Source: Reuters | By: Sam Forgione
Young women say no to thongs

Younger women are embracing comfortable underwear drawers - a trend large lingerie companies have hard time to follow, The New York Times reports.
Source: The New York Times | By: Hayley Phelan
Chinese leader calls for innovation as economic growth slows

His best move is to go straight to the people for support, "said Zhang Lifan, a Beijing- based historian and independent political commentator. On each occasion, he was met and seen off by cheering, clapping crowds who seemed barely able to contain their enthusiasm, in a style reminiscent of Communist China's founder Mao Zedong or current North Korean leader Kim...
Source: The Associated Press
Fed's Williams expects above trend US growth rest of the year

SINGAPORE, May 28- San Francisco Fed President John Williams said on Thursday he expects above-trend economic growth in the United States for the rest of the year after a weak first quarter. Williams told reporters in Singapore that the weak economic growth in the first quarter was an "anomaly" affected by factors such as the weather. He was speaking to reporters...
Source: Reuters
U.S. Federal Reserve likely to start raising rates later this year - Williams

San Francisco Fed President John Williams made the remarks at a symposium on Asian banking and finance in Singapore.
Source: Reuters
JGBs edge down on profit-taking, short paper firm

TOKYO, May 28- Japanese government bond prices mostly ticked lower on Thursday on profit-taking, though short-term paper firmed after solid results in a two-year JGB auction. The 10- year cash Japanese government bond yield rose 1.0 basis point to 0.395 percent while the 20- year JGB yield increased 3.5 basis point to 1.215 percent. The move is a reversal of...
Source: Reuters