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Asian Benchmarks Close Mixed |
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9:47 AM EDT April 27 2006 |
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Asian-Pacific benchmarks finished mixed. The Nikkei advanced on optimism about strong corporate earnings outlook, bolstered by upbeat quarterly results from Japanese companies and continuously falling oil prices. The index rose 0.3% to 17,114.54, supported by blue-chip automakers. Honda Motor reported record sales and profits to advance 5.3%, Nissan Motor was up 2.9%, and Toyota Motor rose 0.5%. Taiwan Weighted index reversed from earlier gains to close down 0.5% on profit taking in tech stocks which offset gains in financial and other companies. Hong Kong’s Hang Seng closed higher by 0.4%, boosted by property stocks. South Korea’s Kospi ended flat, but hit a new closing high. |
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