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Asian-Pacific Benchmarks Close Lower |
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9:43 AM EST March 21 2006 |
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Asian-Pacific benchmarks closed broadly in the negative, following Ben Bernanke’s speech. Tokyo Stock Exchange was closed for a holiday. South Korea’s Kospi ended a five-day winning streak to close down 0.8%, dragged by tech and brokerage shares. Taiwan Weighted index slipped 0.9% on weak electronics and steel shares, Hong Kong’s Hang Seng ended down 0.1% in a light trading day ahead of FOMC meeting, while Shanghai Composite advanced 0.2%, lifted by property stocks and currency gains. Philippine stocks hit a seven-year high, rising 1% on strong earnings reports. India Sensitive Index hit an intra-day high, breaking the 11,000-point level, but closed down 0.1%.
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