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Tokyo investors eye data, central bank meet next week

Tokyo investors will be looking to a raft of data in the coming week after the market rebounded Friday because of bargain hunting and last-minute buying before the end of the Japanese fiscal year. The benchmark Nikkei 225 index gained 0.50 percent, or 73.14 points, to finish at 14,696.03 on Friday, rising 3.32 percent since its close last Thursday. The market was closed last Friday for a national holiday. The Topix index of all first-section shares rose 0.82 percent, or 9.62 points, to 1,186.52, posting a weekly gain of 3.54 percent.

Tokyo investors eye data, central bank meet next week

Tokyo investors will be looking to a raft of data in the coming week after the market rebounded Friday because of bargain hunting and last-minute buying before the end of the Japanese fiscal year. The benchmark Nikkei 225 index gained 0.50 percent, or 73.14 points, to finish at 14,696.03 on Friday, rising 3.32 percent since its close last Thursday. The market was closed last Friday for a national holiday. The Topix index of all first-section shares rose 0.82 percent, or 9.62 points, to 1,186.52, posting a weekly gain of 3.54 percent.

China yuan slips in rankings as value weakens

Use of China's yuan as a global payments currency retreated in February, transactions organisation SWIFT said, as the unit fell against the dollar. The yuan dropped back to the eighth most-used currency for payments worldwide, the Society for Worldwide Interbank Financial Telecommunication said, just behind the Swiss franc traditionally seen as a safe haven for investors. In January, it had risen above the Swiss unit to take seventh place.

Tokyo stocks down 1.16% by break

Tokyo stocks fell 1.16 percent Thursday morning owing to a stronger yen as the West warned of fresh sanctions against Russia for its takeover of Crimea. The Nikkei 225 slipped 168.47 points to 14,308.69 while the Topix of all first-section issues was down 1.14 percent, or 16.49 points, at 1,155.58.

Hong Kong stocks close 0.72% higher

Hong Kong shares rose 0.72 percent on Wednesday, following a rally on Wall Street after data showed a strong pick-up in US consumer confidence. The benchmark Hang Seng Index climbed 155.43 points to 21,887.75 on turnover of HK$73.89 billion (US$9.53 billion). Traders took their lead from New York, where the three main indexes jumped after a closely watched survey showed confidence among American consumers surging.

Tokyo stocks close up 0.37%

Tokyo stocks rose 0.37 percent Wednesday, bolstered by gains on Wall Street and as dealers locked in dividends before the start of the next tax year in April. The benchmark Nikkei 225 index added 53.97 points to finish at 14,477.16, while the Topix index of all first-section shares edged up 0.72 percent, or 8.37 points, to 1,172.07. Traders were unmoved by news that North Korea had test-fired two ballistic missiles in the morning.

S. Korea increases 2013 GDP growth to 3.0%

South Korea's economy expanded 3.0 percent last, the central bank said Wednesday, better than a previous estimate as it was boosted by robust exports and growth in the manufacturing sector. The revised figure for gross domestic product (GDP) -- the broadest measure of economic performance -- was higher than the 2.8 percent earlier stated and marked the fastest expansion since the 3.7 percent seen in 2011. However, the Bank of Korea also revised down its fourth quarter growth to 3.7 percent year on year, from a earlier estimate of 3.9 percent.

KOSDAQ-listed firms' investment edges up 2.9 pct in 2013

SEOUL, March 26 (Yonhap) -- South Korean firms listed on the tech-heavy KOSDAQ market increased their investment last year despite economic uncertainties, data showed on Wednesday. A total of 241 KOSDAQ-listed firms spent a combined 3.87 trillion won (US$3.59 billion) last year, compared with 3.76 trillion won a year earlier, according to the data compiled by the KOSDAQ-Listed Companies Association. The tallied firms spent a combined 2.17 trillion won in buying stakes in other firms last year, up 17.1 percent, or 316 billion won, from a year earlier.

KOSDAQ-listed firms' investment edges up 2.9 pct in 2013

SEOUL, March 26 (Yonhap) -- South Korean firms listed on the tech-heavy KOSDAQ market increased their investment last year despite economic uncertainties, data showed on Wednesday. A total of 241 KOSDAQ-listed firms spent a combined 3.87 trillion won (US$3.59 billion) last year, compared with 3.76 trillion won a year earlier, according to the data compiled by the KOSDAQ-Listed Companies Association. The tallied firms spent a combined 2.17 trillion won in buying stakes in other firms last year, up 17.1 percent, or 316 billion won, from a year earlier.

Tokyo stocks close down 0.36%

Tokyo stocks slipped 0.36 percent on Tuesday following losses on Wall Street and on lingering concerns about tensions between the West and Russia over Ukraine. The benchmark Nikkei 225 index fell 52.11 points to finish at 14,423.19, while the Topix index of all first-section shares edged up 0.06 percent, or 0.66 points, to 1,163.70. Investors tracked the retreat on Wall Street where the Dow finished 0.16 percent lower and the tech-rich Nasdaq fell 1.2 percent.
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