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Asian Markets Finish Mixed |
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8:54 AM ET September 14 2005 |
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Asian-Pacific benchmarks closed mixed on oil prices hovering below $64 a barrel, concerns of U.S. economy slowdown and lower corporate profits after Katrina’s impact. The Japanese stock market slid 0.5%, retreating from a four-year high Tuesday on sharp U.S. markets decline overnight. China’s Shanghai Composite surged to a five-month high of 0.8% on optimism about nontradable reform. Hong Kong’s Hang Seng added 0.1% and South Korea’s Kospi climbed 1.1%. The dollar bought 110.34 yen. |
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