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Asian Markets Close Higher. Australia Hits High. |
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8:37 AM EST March 20 2006 |
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Asian-Pacific benchmarks finished in the positive, boosted by expectations of strong corporate results due out this week and gains in the resource sector on high metals prices. The Nikkei climbed 1.7%, reaching a six-week high to 16,632.74, lifted by strong earnings reports. Australia’s All Ordinaries jumped 0.6% to hit an all-time peak, crossing the key 5,000 level on mining and resource stocks. Hong Kong’s Hang Seng rose 0.8%, led by China Mobile and HSBC. South Korea’s Kospi gained 0.4%, lifted by brokerage firms, reflecting optimism on economic recovery. |
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