DEBORAH MARCHINI, CNN ANCHOR: Now for the Asian markets, where among the highlights today is a big drop in the value of the Japanese yen. Dalton Tanonaka now joins us with a look at the details -- Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Good morning, Deborah. Let's go to the stock market first. Tokyo stocks edging higher to notch a third straight day of gains. It is the Nikkei's longest win streak since a seven session run in January. The index closed up a quarter of 1 percent on strength in tech issues such as NEC. Analysts say investors see leading tech stocks as undervalued now that the U.S. Nasdaq seems to have hit bottom. Hong Kong's Hang Seng index weakened 1 percent. Investors there disappointed that the government's new budget didn't include measures to boost property prices. Semiconductor stocks powered the Taipei market higher. Chipmakers Taiwan Semiconductor and United Microelectronics both gained close to 4 percent on the back of a rally in the Philadelphia semiconductor index. Taipei's weighted index up 2 1/2 percent. And one final item, Deb. The latest survey of office rents in Asia show Tokyo still the most expensive at $133.86 a square foot, but Hong Kong moved into second place at 106.65 a square foot, a sign of recovering strength in the property sector there. Back to you, Deb, in probably also expensive New York.</s>MARCHINI: It is very expensive, indeed, but they sure could use the relief. Thanks a lot.
Asian Markets: Tokyo Posts Longest Winning Streak Since January