Sun, Dec 04, 2005 - Page 10 News List

Japan leads surge in Asian markets

ROARING AHEAD Subsiding fears of interest-rate hikes in the US encouraged solid gains in the Asia-Pacific this week, reviving hopes for a traditional end-of-year rally

AFP , HONG KONG

The Composite Index shed 1.04 points to 659.91.

Wellington share prices closed 0.15 percent higher in a muted end to the week's trading. The NZSX-50 gross index rose 4.99 points to 3,297.24.

In Mumbai share prices closed just 0.19 percent higher as investors continued to buy blue chips on the back of strong economic growth data for the second quarter to October.

The 30-share benchmark SENSEX index rose 16.83 points to 8,961.61.

"There was some buying in select stocks as investors continued to buy given the strong economic growth figures, but the index is still not closing above the 9,000 mark," a fund manager with a leading brokerage said.

India's economy expanded by 8.0 percent in the second quarter of the financial year, exceeding analyst expectations.

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