Wednesday, January 7, 2009

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0205 GMT, Tokyo's Nikkei (.N225: Quote, Profile, Research) had eased 0.7 percent, reversing Monday's 1.2 percent rise, while MSCI's measure of other Asia Pacific stocks slipped 0.4 percent.
On Monday, had disappointed in their earnings outlook, sending microchip tester maker Advantest Corp (6857.T: Quote, Profile, Research) down a further 3.4 percent, after Monday's near 7-percent tumble sparked by its profit outlook cut.
Kookmin Bank (060000.KS: Quote, Profile, Research) also fell 3.4 percent a day after the South Korean lender forecast a tough year ahead and a squeeze on margins, while Seiko Epson (6724.T: Quote, Profile, Research) dropped 6.0 percent after it slashed its profit forecast for the year to March 2008.the MSCI index climbed 2.5 percent to a second straight record closing high, bringing total gains this year to 48 percent -- more than triple the gains for MSCI's main world equity index.EARNINGS EYEDInvestors punished firms that

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