JAL_NP1 Weighs_VVZ on_II Tokyo_NP1 ,_, Financials_NP2 Boost_VV0 Shanghai_NP1 Asian_JJ shares_NN2 finished_VVD mixed_JJ Wednesday_NPD1 ,_, with_IW a_AT1 steep_JJ drop_NN1 in_II shares_NN2 of_IO Japan_NP1 Airlines_NN2 putting_VVG pressure_NN1 on_II the_AT market_NN1 in_II Tokyo_NP1 and_CC a_AT1 rise_NN1 in_II financials_NN2 propping_VVG up_RP stocks_NN2 in_II Shanghai_NP1 ._. 
"_" Price_NN1 action_NN1 today_RT does_VDZ not_XX suggest_VVI money_NN1 managers_NN2 are_VBR that_RG interested_JJ in_II putting_VVG last_MD minute_NNT1 funds_NN2 to_II work_NN1 ,_, "_" said_VVD Chris_NP1 Weston_NP1 ,_, an_AT1 institutional_JJ dealer_NN1 at_II IG_NP1 Markets_NN2 in_II Melbourne_NP1 ._. 
And_CC looking_VVG ahead_RL to_II the_AT last_MD trading_NN1 day_NNT1 of_IO the_AT year_NNT1 for_IF most_DAT markets_NN2 ,_, "_" traditional_JJ drivers_NN2 ,_, &lsqb;_( such_II21 as_II22 &rsqb;_) overnight_RT yen_VV0 strength_NN1 or_CC global_JJ leads_NN2 will_VM be_VBI more_DAR of_IO a_AT1 driver_NN1 as_II31 opposed_II32 to_II33 last-minute_JJ window_NN1 dressing_VVG ,_, "_" he_PPHS1 said_VVD ._. 
Japan_NP1 's_GE Nikkei_NP1 ended_VVD 0.9%_FO lower_RRR while_CS Australia_NP1 's_GE S_NP1 &P;_NULL ASX_NP1 200_MC shed_VV0 0.2%_FO ._. 
In_II Hong_NP1 Kong_NP1 ,_, the_AT Hang_VV0 Seng_NP1 Index_NN1 closed_VVD flat_JJ while_CS the_AT mainland_NN1 's_GE Shanghai_NP1 Composite_JJ added_JJ 1.6%_FO ._. 
South_ND1 Korea_NP1 's_GE Kospi_NN1 finished_VVN 0.6%_FO higher_RRR ._. 
"_" The_AT Nikkei_NP1 is_VBZ really_RR being_VBG weighed_VVN down_RP by_II growing_JJ fears_NN2 about_II JAL_NP1 going_VVG into_II liquidation_NN1 ,_, "_" said_VVD Mr._NNB Weston_NP1 ._. 
In_II Tokyo_NP1 ,_, Japan_NP1 Airlines_NN2 ,_, or_CC JAL_NP1 ,_, plunged_VVN 23.9%_FO on_II growing_JJ concern_NN1 the_AT struggling_JJ airline_NN1 may_VM file_VVI for_IF bankruptcy_NN1 protection_NN1 ._. 
"_" It_PPH1 was_VBDZ not_XX surprising_JJ to_TO see_VVI substantial_JJ concerns_NN2 about_II debt_NN1 default_NN1 at_II Japan_NP1 Airlines_NN2 ,_, and_CC this_DD1 is_VBZ actually_RR not_XX an_AT1 isolated_JJ situation_NN1 ,_, "_" said_VVD Richard_NP1 Hastings_NP1 ,_, a_AT1 consumer_NN1 strategist_NN1 at_II Global_JJ Hunter_NN1 Securities_NN2 ._. 
"_" Credit_NN1 quality_NN1 is_VBZ still_RR an_AT1 issue_NN1 even_CS21 if_CS22 debt_NN1 markets_NN2 are_VBR more_RGR liquid_JJ now_RT than_CSN they_PPHS2 were_VBDR nine_MC months_NNT2 ago_RA ._. "_" 
JAL_NP1 ,_, along_II21 with_II22 its_APPGE major_JJ lenders_NN2 and_CC a_AT1 quasi-government_NN1 investment_NN1 fund_NN1 ,_, is_VBZ studying_VVG a_AT1 bankruptcy_NN1 protection_NN1 filing_VVG among_II other_JJ options_NN2 ,_, in_CS21 case_CS22 airline_NN1 's_GE retirees_NN2 refuse_VV0 to_TO accept_VVI a_AT1 proposed_JJ cut_NN1 in_II their_APPGE pension_NN1 allowances_NN2 ,_, a_AT1 person_NN1 familiar_JJ with_IW the_AT matter_NN1 told_VVD Dow_NP1 Jones_NP1 Newswires_NP1 ._. 
"_" Whether_CSW the_AT rehabilitation_NN1 will_VM be_VBI court-led_JJ or_CC out-of-court_NN1 is_VBZ the_AT biggest_JJT question_NN1 ,_, as_CSA that_DD1 would_VM likely_RR determine_VVI whether_CSW existing_JJ shareholders_NN2 '_GE rights_NN2 will_VM be_VBI protected_VVN ,_, "_" SMBC_NP1 Friend_NP1 Research_NN1 Center_NN1 analyst_NN1 Mitsuru_NP1 Miyazaki_NP1 ._. 
Losses_NN2 in_II JAL_NP1 outweighed_VVD news_NN1 that_CST Japan_NP1 's_GE government_NN1 released_VVN a_AT1 draft_NN1 mid-_NN1 to_II long-term_JJ economic_JJ growth_NN1 strategy_NN1 that_CST aims_VVZ for_IF average_JJ annual_JJ inflation-adjusted_JJ expansion_NN1 of_IO more_DAR than_CSN 2%_NNU over_II the_AT next_MD 10_MC years_NNT2 ._. 
"_" There_EX was_VBDZ little_JJ reaction_NN1 to_II Japan_NP1 's_GE announcement_NN1 of_IO a_AT1 new_JJ long-term_JJ growth_NN1 strategy_NN1 ..._... with_IW markets_NN2 likely_JJ to_TO wait_VVI for_IF further_JJR details_NN2 on_II how_RRQ the_AT ambitious_JJ strategy_NN1 will_VM be_VBI achieved_VVN before_II reacting_VVG ,_, "_" said_VVD Mitul_NP1 Kotecha_NP1 ,_, head_NN1 of_IO global_JJ forex_NN1 strategy_NN1 at_II Calyon_NP1 ._. 
Over_RP in_II mainland_NN1 China_NP1 ,_, the_AT market_NN1 outperformed_VVD the_AT region_NN1 ,_, led_VVN by_II the_AT banking_NN1 sector_NN1 on_II expectations_NN2 new_JJ yuan_NNU loans_NN2 in_II December_NPM1 will_VM likely_RR exceed_VVI 300_MC billion_NNO Chinese_JJ yuan_NNU (_( $43.9_NNU billion_NNO )_) ,_, compared_VVN with_IW November_NPM1 's_GE 295_MC billion_NNO Chinese_JJ yuan_NNU ._. 
"_" A_AT1 potential_JJ tightening_NN1 in_II the_AT monetary_JJ policy_NN1 will_VM slow_VVI the_AT credit_NN1 growth_NN1 ,_, but_CCB it_PPH1 will_VM improve_VVI banks_NN2 '_GE net_JJ interest_NN1 margin_NN1 ,_, "_" Donghai_JJ Securities_NN2 said_VVD in_II a_AT1 note_NN1 ._. 
In_II Shanghai_NP1 ,_, shares_NN2 of_IO China_NP1 Citic_JJ Bank_NN1 advanced_VVN 5.9%_FO ,_, China_NP1 Merchants_NN2 Bank_NN1 tacked_VVN on_II 5%_NNU and_CC Bank_NN1 of_IO China_NP1 rose_NN1 2.1%_FO ._. 
Insurers_NN2 also_RR gained_VVN ground_NN1 after_II a_AT1 state-run_JJ newspaper_NN1 report_NN1 cited_VVD officials_NN2 at_II the_AT Ministry_NN1 of_IO Finance_NN1 and_CC the_AT insurance_NN1 regulator_NN1 as_CSA saying_VVG a_AT1 change_NN1 in_II accounting_VVG rules_NN2 will_VM boost_VVI insurers_NN2 '_GE 2009_MC net_JJ profit_NN1 ._. 
China_NP1 Pacific_NP1 Insurance_NN1 advanced_VVN 3.9%_FO ,_, Ping_VV0 An_AT1 rose_NN1 4.3%_FO and_CC China_NP1 Life_NN1 advanced_VVN 3.6%_FO ._. 
In_II South_ND1 Korea_NP1 ,_, shares_NN2 of_IO affiliates_NN2 of_IO Kumho_NP1 Asiana_NP1 Group_NN1 plunged_VVN after_II the_AT group_NN1 said_VVD it_PPH1 was_VBDZ in_II discussions_NN2 with_IW creditors_NN2 to_TO place_VVI two_MC of_IO its_APPGE units_NN2 ,_, Kumho_NP1 Tire_VV0 and_CC Kumho_NP1 Industrial_JJ ,_, under_II a_AT1 debt_NN1 workout_NN1 program_NN1 to_TO ease_VVI liquidity_NN1 concerns_NN2 ._. 
Kumho_NN1 Tire_VV0 said_JJ Tuesday_NPD1 it_PPH1 would_VM delay_VVI paying_VVG employees_NN2 '_GE monthly_JJ salaries_NN2 for_IF December_NPM1 due_II21 to_II22 a_AT1 temporary_JJ cash_NN1 shortage_NN1 related_VVN to_II the_AT payment_NN1 of_IO a_AT1 debt_NN1 ._. 
Kumho_NN1 Tire_VV0 dropped_VVN 15%_NNU and_CC Kumho_NP1 Industrial_JJ shed_NN1 14.9%_FO ._. 
Among_II other_JJ affiliates_NN2 ,_, Kumho_NP1 Petrochemical_JJ lost_JJ 6.4%_FO and_CC Asiana_NP1 Airlines_NN2 fell_VVD 6.9%_FO ._. 
The_AT news_NN1 spilled_VVD over_RP onto_II the_AT country_NN1 's_GE banking_NN1 plays_NN2 ._. 
"_" Bank_NN1 shares_NN2 are_VBR weak_JJ because_CS Kumho_NP1 's_GE problem_NN1 could_VM spill_VVI over_RP to_II other_JJ industries_NN2 ,_, but_CCB they_PPHS2 are_VBR not_XX falling_VVG as_RG much_DA1 because_CS players_NN2 think_VV0 that_CST Kumho_NP1 's_GE problems_NN2 have_VH0 reached_VVN their_APPGE peak_NN1 by_II placing_VVG the_AT two_MC companies_NN2 under_II a_AT1 debt_NN1 workout_NN1 program_NN1 ,_, and_CC resolution_NN1 will_VM come_VVI soon_RR ,_, "_" said_VVD Lee_NP1 Chang-wook_NN1 at_II Taurus_NP1 Investment_NN1 &;_NULL Securities_NN2 ._. 
Woori_NN2 Finance_VV0 Holdings_NN2 ,_, one_MC1 of_IO Kumho_NP1 Asiana_NP1 Group_NN1 's_GE largest_JJT creditors_NN2 ,_, saw_VVD its_APPGE stock_NN1 fall_NN1 4.2%_FO ._. 
Among_II other_JJ bank_NN1 plays_NN2 ,_, Hana_NP1 Financial_NP1 shed_NN1 1.6%_FO ._. 
Elsewhere_RL ,_, New_NP1 Zealand_NP1 's_GE NZX_NP1 50_MC index_NN1 closed_VVD 0.1%_FO lower_RRR ,_, but_CCB Taiwan_NP1 's_GE Taiex_NN1 added_VVN 0.7%_FO ._. 
Singapore_NP1 's_GE Straits_NN2 Times_NNT2 Index_NN1 rose_NN1 0.4%_FO and_CC India_NP1 's_GE Sensex_NN1 lost_VVN 0.3%_FO ._. 
The_AT Philippine_JJ market_NN1 was_VBDZ closed_VVN for_IF a_AT1 holiday_NN1 ._. 
In_II foreign_JJ exchange_NN1 trading_NN1 ,_, the_AT U.S._NP1 dollar_NNU1 extended_JJ recent_JJ gains_NN2 against_II the_AT yen_NN ,_, touching_VVG its_APPGE highest_JJT level_NN1 since_II October_NPM1 ,_, supported_VVN by_II an_AT1 uptrend_NN1 in_II long-term_JJ U.S._NP1 interest_NN1 rates_NN2 ._. 
The_AT dollar_NNU1 was_VBDZ fetching_VVG 92.12_MC yen_NN from_II 92.04_MC yen_NN in_II late_JJ New_NP1 York_NP1 trade_NN1 Tuesday_NPD1 ._. 
"_" Exporter_NN1 offers_NN2 are_VBR capping_VVG USD/JPY_NN1 gains_NN2 around_II the_AT October_NPM1 27_MC high_JJ of_IO 92.33_MC ,_, but_CCB the_AT overall_JJ bias_NN1 is_VBZ for_IF a_AT1 weaker_JJR JPY_NN1 ,_, "_" said_VVD Mr._NNB Kotecha_NP1 of_IO Calyon_NN1 ._. 
"_" Speculative_JJ positioning_NN1 has_VHZ turned_VVN negative_JJ on_II the_AT JPY_NN1 for_IF the_AT first_MD time_NNT1 since_CS the_AT end_NN1 of_IO June_NPM1 2009_MC ,_, suggesting_VVG that_CST the_AT JPY_NN1 may_VM also_RR be_VBI regaining_VVG some_DD of_IO its_APPGE appeal_NN1 as_II a_AT1 funding_NN1 currency_NN1 ._. "_" 
The_AT U.S._NP1 dollar_NNU1 started_VVD to_TO weaken_VVI against_II the_AT euro_NN1 in_II evening_NNT1 trading_NN1 after_II earlier_JJR gains_NN2 ._. 
The_AT euro_NN1 was_VBDZ at_II $1.4357_NNU from_II $1.4349_NNU ,_, and_CC was_VBDZ buying_VVG 132.20_MC yen_NN from_II 132.09_MC yen_NN in_II late_JJ New_NP1 York_NP1 trade_NN1 ._. 
The_AT U.S._NP1 dollar_NNU1 "_" looks_VVZ to_TO end_VVI the_AT year_NNT1 on_II a_AT1 firmer_JJR note_NN1 but_CCB this_DD1 follows_VVZ several_DA2 months_NNT2 of_IO pressure_NN1 and_CC unlike_II the_AT rally_NN1 in_II stocks_NN2 ,_, the_AT USD_NP1 's_GE gains_NN2 are_VBR more_RGR vulnerable_JJ to_II a_AT1 correction_NN1 ,_, "_" said_VVD Mr._NNB Kotecha_NP1 ._. 
Lead_VV0 March_NP1 Japanese_JJ government_NN1 bond_NN1 futures_NN2 added_VVD 0.17_MC to_II 139.70_MC ,_, tracking_JJ gains_NN2 in_II U.S._NP1 Treasurys_NN2 Tuesday_NPD1 ._. 
The_AT 10-year_JJ JGB_NP1 yield_NN1 slipped_VVD 0.5_MC basis_NN1 points_VVZ to_II 1.290%_FO ._. 
In_II commodities_NN2 markets_NN2 ,_, spot_NN1 gold_NN1 traded_VVN at_II $1,095.10_NNU a_AT1 troy_NN1 ounce_NNU1 ,_, down_RP 80_MC cents_NNU2 from_II Tuesday_NPD1 's_GE New_NP1 York_NP1 close_VV0 ,_, and_CC February_NPM1 crude_JJ oil_NN1 was_VBDZ up_RP 27_MC cents_NNU2 at_II $79.14_NNU a_AT1 barrel_NN1 on_II Globex_NP1 ._. 
