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Asian Benchmarks Close Higher |
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9:44 AM EDT May 05 2006 |
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Asian markets closed higher today, with a great part of the markets closed for public holidays. Shares in Australia gained on strong commodities, the Australian index S&P/ASX 200 advanced 1.28% to 5,255.40. The rally was spurred by Bulliton’s optimistic outlook on the copper market, which caught short-seller off-guard on Thursday. Taiwan’s Weighted index finished 0.3% higher to 7,370.44, mainly on tech stock and financial shares, amid the positive revision of Credit Suisse‘s year-end target for Taiwan's stock index from 7,300 to 8,000 on positive earnings outlook and less political risks. Southeast Asia ended up mixed. Shares in Malaysian advanced 0.76%, while Indonesia shed 0.09%. The Singapore Straits Times Index declined 0.46%. New Zealand’s shares also finished lower, the benchmark NZX-50 Index edging down 1.1%. |
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