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Asian Stocks Largely Gain. South Korean Kospi Surge |
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9:28 AM EST March 31 2006 |
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Asian-Pacific benchmarks finished broadly higher. The Nikkei advanced 0.1% to 17,059.66, extending recent rally that sent the index to a multi-year high. The index closed the financial year above the key level of 17,000, supported by economic data, property and pharmaceutical stocks. South Korea’s Kospi surged to 1.6%, boosted by strength in the tech and financial sectors on expectations of solid earnings results. Taiwan Weighted index rose 1% on strong buying interest in tech and financial stocks. China Shanghai Composite gained 0.3%, lifted by copper and gold stocks. Hong Kong’s Hang Seng was the most notable decliner across the region, falling 0.5%, led by losses in China Mobile and weak property stocks. |
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