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Asian Markets Close In The Red On Bank Shares |
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9:00 AM EDT October 17 2005 |
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Asian-Pacific benchmarks closed largely in the negative territory on a fourth-day decline in bank shares as Prime Minister Junichiro Koizumi’s controversial visit to a shrine, provoked criticism from neighboring countries, causing concerns over the successful completion of the economic reforms. The Nikkei lost 0.2%, South Korea’s Kospi shed 1.2%, while Taiwan’s Taipei’s Weighted Index was the biggest loser, down 2.4%, dragged by tech stocks, hurt by the disappointing fourth-quarter earnings. |
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