Asian markets rally after falls
by Brian Turner
The Asian markets started the day sharply down Thursday, but with the exception of Tokyo, they generally managed to finish higher by the end of the trading day.
In Tokyo, the Nikkei 225 ended down by 0.9 percent at 10,984.39. It had been down to 10,770.58 earlier in the day, its lowest since mid-December. The Topix closed 0.7 percent lower at 1,123.32.
Concerns about inflation in the U.S. was a factor in the losses, as was a report from the Ministry of Finance that foreign investors had sold ¥126 billion of Japanese stocks in the week ending April 16, after a net buy the previous week.
Declines were prevalent across the board, including the precision machinery, construction, shipping, toy making, and electronics sectors.
In Seoul, the weighted index finished up 0.2 percent at 939.14 after a period of losses earlier. Taipei was up as well, by 0.5 percent, to finish the day at 5,721.99. In Hong Kong, the Hang Seng index was 0.7 percent higher to close at 13,597.31, as retailers were generally higher on
the day.
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