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Asian-Pacific Markets Close Sharply Up |
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8:36 AM ET September 26 2005 |
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Asian-Pacific benchmarks closed the trading session with heavy gains on the back of oil prices which dropped below $64 a barrel as Hurricane Rita’s impact was less than expected. Japan’s Nikkei climbed 1.8% on oil drop, strong U.S. dollar and positive data on domestic economy. South Korea’s Kospi surged 2.6%, boosted by easing oil and active local institutional buying. Hong Kong’s Hang Seng rose 0.9% on oil prices decline and property stocks.
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