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Asian Markets Finished Mixed |
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8:05 AM ET August 31 2005 |
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Asian-Pacific benchmarks closed the trading session mixed, reflecting surging crude-oil prices, boosted by the devastating impact of Hurricane Katrina on U.S. oil facilities, as well as speculations of accelerating U.S. inflation. The Japanese stocks lost 0.3% on sharper-than-expected decrease in July industrial output of 1.1%. Among the decliners were the parts maker TDK and chip maker Advantest. Hong Kong’s Hang Seng fell 0.6%, while South Korea’s Kospi gained 0.4% reversing early losses in oil-sensitive stocks. The dollar was near a three-week high against the yen at 111.35.
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