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Asian Benchmarks Gain, The Nikkei Hits A Five-Year High |
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8:52 AM EST November 18 2005 |
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Asian-Pacific benchmarks closed higher, making solid gains on the back of economic optimism, Wall Street rally Thursday and falling crude oil prices. The Nikkei opened sharply up and extended gains to hit a five year high of 1.5% to 14,623,12, buoyed by optimism of economic recovery. Across the region, Singapore’s Straits Times rose 1.4%, Hong Kong’s Hang Seng gained 0.6%, and Sydney’s All Ordinaries climbed 0.9%. |
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