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Friday 29th of August 2008
April 13, 2007

Markets mixed globally to end week


by Elaine Frei
Markets mixed globally to end week

In Asia and the Pacific, the markets were mixed on the day, but mostly lower. The Sensex was 2.06 percent higher to 13,384.08 in India, but most other indices saw declines. The Hang Seng index in Hong Kong dropped 0.19 percent to 20,340.97, while in Singapore the Straits Times index fell 0.28 percent to 3,373.59. In Australia, the Sydney Ordinaries were 0.31 percent lower to 6,123.8. In Tokyo, both the Nikkei 225 and the Topix index were lower on the session. The Nikkei dropped 1.01 percent to 17,363.95, while the Topix was 1.2 percent lower to 1,705.5.

European equities were higher on the session on Friday, with the FTSE Eurofirst 300 up 0.69 percent to 1553. The CAC-40 was 0.7 percent higher to 5789.34 in Paris, while the Xetra Dax gained 0.97 percent to close at 7,212.07 in Frankfurt. The markets were also higher in London, with the FTSE 100 up 0.72 percent to 6,462.4, its highest close in several years. The FTSE 250 gained 0.26 percent to 11,925.2.

On Wall Street, midday saw the markets mixed. The Dow Jones Industrial Average was 0.28 percent higher to 12,587.99, while the S&P 500 had added 0.13 percent to 1,449.74. The Nasdaq Composite, however, was 0.07 percent lower to 2,478.7.

The price of crude oil was lower by mid-afternoon in New York, while precious metals ended the session with prices higher.

Yields on government bonds were higher in the US and Europe.

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