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Asian stock markets close higher
HONG KONG. Oct 3: Asian stock markets closed mostly higher Monday, with both share prices and the US dollar rising in Japan, says AP.
Tokyo's 225-issue Nikkei Stock Average gained 86.22 l>oints. or 0.44 percent, closing at 19,650.03. On Friday, the average had fallen 51.31 points, or 0.26 percent, to 19.563.81.
The Tokyo Stock Price Index of all issues listed on the first section was up 2.11 points, or 0.13 per cent, to 1.579.00. The TOPIX finished at 1.576.89 on Friday, up 0.62 points,
Share prices moved only slightly during most of the day. but rose on arbitrage buying toward the closing bell, dealers said.
The market showed little " reaction to the US-Japan trade compromise reached .ver the weekend as it waj the expectations of many uauers.
Washing: jn and Tokyo on Saturday announced agree-
ments on improving foreign access to Japan s flat glass, insurance. and government procurement markets.
Meanwhile, the dollar closed at- 99.58 yen. up 0.99 yen from Friday's Tokyo close and also above its finish in New York Friday at 99.15 yen.
In Hong Kong, share prices closed lower for the second straight day.
The Hang Seng Index, the Hong Kong market's key indicator of blue chips, fell 28.75 points, or 0.3 percent, closing at 9.492.49. On Monday, the index had lunged 178 points.
Brokers said investors remained anxious about possible interest rate increases in the United States.
The markets were closed in Australia and South Korea for holidays.
WELLINGTON: New Zealand share prtces closed slightly higher in quiet trading. The NZSE-40 Capital Index rose 10.93 points to 2,077.23.
TAIPEI: Share prices closed
higher, with the index rising to a four-year high on continued, bullish sentiment. The markets Weighted index rose 48 63 points to 7.183.75 points after Saturday's 43-point gain.
, MANILA: Share prices closed higher on bargain-hunting. The Philippine unified index rose 7.66 points to 2.915.90.
SINGAPORE: Share prices closed mostly higher. The 30-share Straits Times Industrials (STI) Index rose 15.09 points to 2.348.52.
KUALA LUMPUR: Malaysian share prices closed lower in light trading. The Kuala Lumpur Stock Exchange's Composite Index fell 2.41 points to ' BANGKOK: Thai share prices closed lower in thin trading. The Stock Exchange of Thailand (SET) Index rose 2.84 points to 1.488.55.
JAKARTA: Share prices closed slightly lower. The Composite Index fell 0.072 points, closing at 497.898.