Buying continues in Asia

Asian markets are encouraged that financial problems are being worked out, stocks are in a rally mode. Each market is up 1+%. In Japan, Panasonic (Matsushita) is up nicely after reporting a very good qtr while Sony is selling off after reporting a dismal quarter. Quite a contrast. Banks are showing some of the best gains. CNBC-Asia said new rules which don't permit naked short selling for 19 financial institutions will be extended to Aug 12.