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- Asian Stocks close: most stocks declined, escalating violence in Iraq still in focus
Asian Stocks close: most stocks declined, escalating violence in Iraq still in focus
Most Asian
stock declined. Concerns over the violence in Iraq and the resulting possible
impact of higher oil prices on global economic growth weighed on the
risk-related currencies.
Shares in
mainland China and Hong Kong came under pressure due to concerns over the
health of China’s economy. China's foreign direct investment dropped 6.7% from
a year earlier to US$8.6 billion last month.
Indexes on
the close:
Nikkei
225 14,975.97 +42.68 +0.29%
Hang
Seng 23,203.59 -97.08 -0.42%
Shanghai
Composite 2,066.70 -19.28 -0.92%
Konica
Minolta Inc. shares rose 6.2% after JPMorgan Chase & Co. raised its rating.
SoftBank
Corp. shares sank 2.5%.
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