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Asian stock markets close lower
HONG KONG. Oct 18: Asian stock markets closed generally lower Tuesday, but both share prices .and the US dollar rebounded in Japan, says AFP.
On the Tokyo Stock Exchange.'the 225-issue Nikkei Stock Average gained 34.1 1 points, or 0.17 per cent, closing at 19,992.40. On Monday, the average had dropped 11.00 points, or 0.05 per cent, closing at 19,958.29.
The Tokyo Stock Index of all issues listed on the first section gained 0.19 point, negligible In percentage terms. to 1.586.65. it had declined 6.62 points, or 0.42 per cent, to 1.586.46 the previous day.
Many investors stayed on
the sidelines in the absence of major market-moving news, dealers said.
Meanwhile, the dollar closed at 98.05 yen. up 0.08 yen from Monday’s close and above its overnight New York finish of 97.65 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 37.37 points, or 0,4 per cent, closing at 9.418.57. On Monday, the index had slumped 94 points.
Brokers said the market was hit by some profit-taking but that trading was uninspired as Investors groped for directional cues.
SEOUL: Share prices closed higher following an agreement between the United States and North Korea to ease tension over the Communist country's nuclear programme. The Korea Composite Stock Price Index rose 3.42 points to 1.1 13.29.
WELLINGTONi New Zealand share prices closed lower in light trading, with Investor interest focused on a few leading Issues. The NZSE-40 Capital Index fell 13.97 points to 2.052.41.
TAIPEI: Share prices closed higher despite some profittaking early In the session. The market's Weighted Index rose 24.30 points to 6.755.53. adding to Monday's 35-polnt gain.
MANILA: Share prices closed higher on strong foreign buying. The Philippines' PSE index of 43 selected Issues rose 48.21 points to 3.692.95.
SYDNEY: Australian share prices closed weaker, mainly due to an afternoon sell off In share price index futures The All Ordinaries index fell 10.7 points to 2,003.4
SINGAPORE. Share prices < losed lower. The 30-share Straits Time* Industrials Index lost 3.59 points to 2,383.98.
KUALA LUMPUR:, Share prices closed lower because of a lack of institutional Interest. The KLSE Composite Index fell 7.38 points to 1.1 18.74
BANGKOK: Thal share prices closed lower In thin trading. The Stock Exchange of Thailand Index fell 7 81 points to 1.501.66
JAKARTA: Share prices closed lower in moderate trading. The Composite Index fell 0 711 points to 510.826