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Asian stocks up on optimism

AFP, Hong Kong
Asian markets rallied Thursday, taking their cue from the fourth straight day of gains on Wall Street due to renewed optimism over prospects for recovery in the world economy.
TOKYO: Up 1.95 percent. The Nikkei 225 gained 201.53 points to a 10,513.67.
HONG KONG: Up 1.05 percent The Hang Seng Index closed 218.52 points higher at 21.069.56.
SYDNEY: Up 1.07 percent. The S&P/ASX 200 gained <18.6 points to 4,570.8.
Sentiment was bolstered by official data showing unemployment unchanged at 5.8 percent, beating forecasts and underlining the economy's resilience.
SHANGHAI: Down 0.73 percent. The Shanghai Composite Index, which covers A and B shares, slipped 21.38 points to 2,924.88.
Profit-taking took over after the
key index gained about 10 percent over the past seven sessions, dealers said.
SEOUL: Up 2.30 percent. The KOSPI ended up 36.91 points at 1,644.68.
The market closed at its highest since July 2008 on heavy foreign buying and steep gains in shipbuilding, ship ping and brokerage issues.
TAIPEI: Up 1.12 percent. The weighted index rose 81.36 points to
<1.1 08
Dealers were upbeat on anticipation that the island would soon sign an agreement with China on financial cooperation.
Electronics edged up 0.50 percent a n d Ta i w a n Semiconductor Manufacturing Co was 2.42 percent higher at 63.50.
SINGAPORE: Up 1.05 percent. The Straits Times Index advanced 27.75 pointsto2,678.23.
BANGKOK: Up 1.08 percent. The Stock Exchange of Thailand gained 7.50 points to close at 703.09.
KU AI A LUMPUR: Up 0.40 percent. The Kuala Lumpur Composite Index rose 4.82 points to 1,201.28.
JAKARTA: Up 1.20 percent. The Jakarta Composite Index gained 28.52 points to finish at 2,411.86.
MANILA: Up 0.23 percent. The com posite index added 6.50 points to .'.8 1% Ml
WELLINGTON: Up 0.33 percent. The NZX-50 rose 10.27 points to 3,126.68.
The high New Zealand dollar, which hit the 70 US cents mark in offshore trade early Thursday for the first time since August last year, continued to drag on some exporting stocks.
Market leader Telecom rose two cents to 2.72 dollars, Fletcher Building lost some of the past week's gains to finish down six cents at 7.96, and Contact Energy rose five cents to 6.07.
MUMBAI: Up 0.21 percent. The 30-share Scnsex rose 33.31 points to 16,216.86.