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Friday 29th of August 2008
May 9, 2005

Asian equities mixed


by Brian Turner
Asian equities mixed

Asian equities markets were mixed on Monday.

In Tokyo, profit-taking saw the Nikkei 225 fall 0.2 percent to 11,171.32 while the Topix index rose 0.2 percent to end at 1,152.48.

Japan Airlines, the largest air carrier in Asia, fell 1 percent to ¥297 in spite of higher than expected profits for the fiscal year 2004/5 and a positive forecast for 2005/6.

The air carrier had warned that profits could be affected by high fuel costs. In addition, its chairman resigned early amid safety criticisms.

Other airlines either remained at earlier levels or closed higher.

Elsewhere, the Taiex index in Taiwan closed flat at 4,966.85. The Kospi index in Seoul was down 0.6 percent, to 935.2, on worries over possible nuclear tests by North Korea.

Also, Hyundai Motors was down 0.9 percent to Won52,500 and Kia Motors fell 1.5 percent to Won12,750. Meanwhile, in India, the Sensex index in Mumbai rose 0.7 percent to 6,430.67.

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