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Market Update : 
Oil and Dollar Lift Stocks
Author: Elena Todorova
123jump.com
Last Update: 9:26 AM EDT October 04 2005



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Asian-Pacific markets closed mostly up on exporter issues, boosted by stronger dollar. The Nikkei reached a new four-year high, rising 1.6% to 13738.84 points on strong semiconductor sales. European stocks gain on automotive shares, but oil-heavy U.K.'s FTSE declines 0.2%. Chesapeake Energy has agreed to buy Columbia Natural Resources for $2.2 billion in cash and $75 million in debt.

 

 

 

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