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Asian-Pacific Benchmarks Close Mixed |
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8:12 AM EST March 16 2006 |
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Asian-Pacific benchmarks ended Thursday session mixed, reflecting interest-rate concerns and a key earnings report from China Mobile. The Nikkei opened higher on exporter issues, boosted by stronger dollar, but eventually tumbled 1.4% to 16,096.21 as investors worries about higher Japanese interest rates dragged real estate and bank stocks, including Sumitomo Realty and Development, down 6.6%. Hong Kong’s Hang Seng slightly advanced to 0.06% on optimism about strong corporate results. Taiwan Weighted index fell 0.2% on profit-taking in the tech sector. Australia All Ordinaries climbed 0.6% on resources and building-materials issues. |
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