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Asian Markets Close Mixed. The Nikkei Gains On Sony, Canon |
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11:48 AM EDT July 28 2006 |
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Asian-Pacific benchmarks finished mixed on Friday in a light trading session, with many traders away for summer holidays. The Japanese Nikkei advanced 1.07% to close up at 15,342.87 points, boosted by stronger-than-expected earnings from leading tech companies. The strength in the tech sector was contributed by Sony Corp., up 4.1%, Canon Inc., up 1.3%, and NEC, surging 5.6%. Across the region, Hong Kong’s Hang Seng gained 0.23%, with China Mobile rising 3.3%. South Korea’s Kospi ended almost flat as profit taking in the automotive sector offset earlier gains. The index edged up 0.1%. Taiwan’s Weighted Index closed up 0.3%, lifted by construction-related companies and electronic firms. Australia’s index declined 0.88%.
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