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Asian-Pacific Benchmarks Rally |
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8:35 AM EST February 27 2006 |
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Asian-Pacific benchmarks advanced across the region helped by strong fund flows with the yen extending recent rally on speculations that the Bank of Japan will end its easy monetary policy and increase interest rates. The Nikkei climbed 0.5%, supported by energy, steel and insurance stocks. Hong Kong’s Hang Seng rose 0.6%, South Korea’s Kospi gained 0.6%, and Shanghai Composite added 0.4%. The Bombay Stock Exchange Sensitive index surged 0.7%. |
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