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Asian-Pacific Markets Close Mostly Higher |
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8:29 AM EST March 28 2006 |
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Asian-Pacific benchmarks finished mostly higher, despite uncertainty about U.S. interest rate increases. The Nikkei erased early losses to rise 0.2% to 16,690.24, helped by technology, metals and retail stocks. Tech company Kiocera’s shares gained 1.5% and Advantest Corp. added 1.1%. However, bank and brokerage stocks declined, including Nikko Cordial, down 0.5% and Marusan Securities, falling 5%. Across the region, Taiwan’s Weighted index climbed 0.5%, Hong Kong’s Hang Seng rose 0.3% on continuous caution over interest-rate hikes, and Shanghai Composite gained 0.2%. |
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