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Asian markets advance was mixed but the strength in markets in Mumbai, India was at display again. The new foreign funds investing in India drove banking mining and cement stock to new highs. Tokyo market closed down 0.11% but most large cap stocks with export bias advanced as dollar gained against yen the day’s trading. Shares in Hong Kong were up 0.2% led by CNOOC rise of 3.7% and similar gains in Sinopec and Petrochina. Trading firm Li & Fug advanced 1.7%. In Korea Samsung Electric was up 1.1%. Philippines shares were mostly unchanged. |
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