-DAWN - Business; October 10, 2007

Published October 10, 2007
HONG KONG, Oct 9: Asian stocks ignored a mixed performance by Wall Street overnight and closed mostly higher on Tuesday with investors focussing on domestic issues which drove many benchmarks to record closing highs.

Sydney, Seoul, Jakarta, Shanghai and Hong Kong all closed at record highs while in late trade Mumbai was also striking its best ever levels amid high expectations for second quarter earnings.

Tokyo typified the day with a 0.56 per cent rise after re-opening from a long weekend with investors catching-up with regional gains made on Monday.

Kuala Lumpur was up 0.4 per cent on bargain hunting in blue chips and Bangkok rose 0.51 percent ahead of a central bank decision on interest rates.

TOKYO: Japanese share prices closed up 0.56 per cent as jitters about the health of the US economy eased following last week

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