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Asian Markets Meander

Pranab Sarmah, regional head of technology for Daiwa Security Group, says that right now, Nintendo is one of the better buys in the region, and in Japan.

"Overall from what I have seen in Asia, Nintendo has a pretty strong supply chain right now," he says. Sarmah also recommends buying handset makers like Samsung, which he says are free from global economic jitters due to consistent demand.

"The mobile handset side is doing relatively much better than other products right now -- it's not affected by any slowdown in the U.S. market," says Sarmah.

In Korea, the Kospi gained 0.49%, to 1932, with Posco (PKX) jumping 2.47%, to 580,000 won, and Kookmin Bank (KB - Get Report) flat at 70,000 won.

Philip Capital's Lee is keen on outlying countries in the Asia region right now, and says there is good value in the areas many Chinese and Hong Kong investors have not been looking.

"We are still bullish on Thailand, Taiwan and Indonesia," says Lee. "Some of these companies have global exposure and exposure to Asia ex-Japan -- these are the areas of interest to us."

Daniel M. Harrison is a business journalist specialising in European and emerging markets, in particular Asia. He has an MBA from BI, Norway and a blog at www.theglobalperspective.biz. He lives in New York.
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