Market Updates
Thailand Soars, Japan Slips
Elena
05 Apr, 2006
New York City
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Asian-Pacific benchmarks closed in the positive, with the Nikkei being a sole decliner. The Japanese index reversed from early gains to finish down 0.3% at 17,243.98 as investors locked in profits. Thailand shares rallied 3.05% after the country''s Prime Minister announced he will hand in his resignation, following antigovernment protests. China Shanghai and Australia All Ordinaries climbed 0.8% each.
[R]7:45AM Asian markets finished higher. The Nikkei dropped.[/R]
Asian-Pacific benchmarks finished broadly higher. The Nikkei was the sole decliner in the region, closing in the negative for a second consecutive session. The Japanese index traded in the positive throughout the session, lifted by technology stocks, but eventually lost ground on profit taking to finish down 0.3% at 17,243.98. Positive sentiment boosted shares of leading tech companies like camera maker Canon, up 3.8% and computer chip equipment maker Advantest Corp., up 3.9%. Across the Region Thailand shares surged to 3.05% after Prime Minister Thaksin Shinawatra announced he would hand in his resignation. China Shanghai Composite climbed 0.8%, Singapore Straits Times rose 0.5%, Australia’s All Ordinaries surged 0.8%, and South Korea’s Kospi gained 0.2%. Markets in Hong Kong and Taiwan were closed for a public holiday.
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