Article: Tokyo hits 4-year high, Hong Kong hurt by losses in oil, property; Asian markets mixed


AP Worldstream
09-13-2005
Dateline: HONG KONG
Tokyo stocks hit a new 4-year high _ just barely _ while Hong Kong was hurt by selling in the oil and property sectors as Asian markets ended mixed Tuesday.

Japan's Nikkei 225 index inched up 5.52 points, or 0.04 percent, to 12,901.95 _ its highest level since June 29, 2001, when the Nikkei finished at 12,969.05. On Monday, the index rose 1.6 percent.

Traders bought stocks on lower oil prices and hopes of better economic prospects after the weekend victory of Prime Minister Junichiro Koizumi's reform-minded party.

The drop in oil prices lifted auto and airline issues like Toyota Motor Corp. and All Nippon Airways Co., Ltd. Bank shares fell as ...

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