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Asian-Pacific Markets Close Down |
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9:11 AM EDT October 05 2005 |
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Asian-Pacific benchmarks finished broadly down, reflecting declines of U.S. markets after three Fed Reserve officials gave indications of a further interest-rate hike, used as a means to fight rising inflation. The Japanese Nikkei lost 0.4%, Hong Kong’s Hang Seng declined by 1.2%, South Korea’s Kospi also fell 1.2% as investors locked in recent gains. Australian shares slipped 2.1% on heavy losses in mining stocks.
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