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Article: Japan, China, South Korea lead Asian markets lower
- Article from:
- AP Worldstream
- Article date:
- August 22, 2008
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Asian stock markets mostly fell Friday, with key indexes in Japan, China and South Korea sliding amid a renewed spike in oil prices.
Hong Kong's stock exchange was closed due to Typhoon Nuri, but Japanese stocks fell for a fourth day, with the benchmark Nikkei 225 finishing the week down 3.8 percent. On Friday, it fell 86.17 points, or 0.68 percent, to 12,666.04, the lowest since April 1.
In Seoul, the Korea Stock Price Index fell 1 percent to 1,496.91, its first close below 1,500 in 16 months as selling by foreign and individual South Korean investors outpaced buying from local institutions.
China's benchmark Shanghai Composite Index shed 1.1 percent to 2,405.23. ...