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Asian Benchmarks Finish Deeply In The Red |
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8:50 AM EST March 07 2006 |
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Asian-Pacific benchmarks finished in the red, reflecting weak close on Wall Street and cautiousness ahead of Bank of Japan’s meeting. The Nikkei slipped 1.1% on speculations the BOJ could tighten its ultra-easy monetary policy. South Korea’s Kospi tumbled 2.1%, China Shanghai Composite plunged 2.3% on profit taking by institutional investors, Hong Kong’s Hang Seng fell 1.3%, and Taiwan Weighted index dropped 1.2% on weakness in banking and tech stocks.
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