DEBORAH MARCHINI, CNN ANCHOR: In Asia, Tokyo stocks broke a losing streak and closed up.</s>DAVID HAFFENREFFER, CNN ANCHOR: While Hong Kong closed down slightly. Michelle Han wraps up the day in Asian markets from out studios in Hong Kong this morning. Good morning.</s>MICHELLE HAN, CNN CORRESPONDENT: Deborah and David, good morning to you. Well, in Japan, NTT, the country's giant telecom carrier, is in the news: The ruling Liberal Democratic Party may submit a bill requiring the company to lower its connection fees. The fees, charged to rival phone companies to complete calls, have been a sticking point between Tokyo and Washington. Also, the government wants to hasten the move to privatize NTT. As of March, the government owned over half the company, which itself is a major shareholder of mobile phone unit NTT DoCoMo. NTT is the world's largest phone company by revenue and controls 90 percent of the local phone lines in Japan. And in Tokyo, the Nikkei closed up 118 points, or seven-tenths of a percent, while Hong Kong was hit not only by low volume but also by a rain storm, which closed trading for one-hour. The Hang Seng closed the day down four-tenths of one percent on low volume. Seoul was up nine points, a little over one percent, and investors there are upbeat as they await a historic summit scheduled to start tomorrow between North and South Korea. The meeting, the first between leaders of the two countries, is hoped to lead to an easing of tensions. And we'll be following those talks for you. And that wraps it up. Now back to you in New York.</s>MARCHINI: Michelle, thank you.
Asian Markets Mixed; Japan's Ruling Party may Force NTT to Lower Connection Fees