Sun, Jan 27, 2013 - Page 15 News List

Asian stocks post biggest weekly dip since November

JAPAN SOARS:While Taipei was felled by Apple’s woes and Seoul suffered from a strengthening won, Tokyo climbed as the government pushed for a weaker yen

Agencies, Taipei and HONG KONG

Japan’s TOPIX gained 0.6 percent, marking its longest weekly winning streak since 1973. The Bank of Japan this week said it would shift to US Federal Reserve-style open-ended asset purchases and the yen weakened as falling consumer prices added to the case for further easing.

In other markets on Friday:

Manila closed 0.82 percent higher, adding 50.37 points from Thursday to 6,167.64.

Mumbai rose 0.9 percent, or 179.75 points, to 20,103.53.

Wellington rose 0.24 percent, or 9.91 points, to 4,199.82.

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