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Inflation in South Korea has had its biggest rise in 10 years as the country battles rapidly rising oil prices. That's well above a forecast 4.8% annual rate from the country's central bank, issued a few hours before the official government figure was released.

Confidence levels among the top end of Japanese business is at a four year low as companies forecast lower earnings for the first time in seven years.

comScore, Inc. released findings on the Asia-Pacific market from its report "The State of the Global Internet with a Focus on Asia".