- The Washington Times - Friday, January 24, 2003

TOKYO, Jan. 24 (UPI) — Profit-taking pushed Asian shares broadly lower in trading on Friday, with the Tokyo, Hong Kong and Seoul bourses all heading slightly south.

The Nikkei 225 average lost 59.27 points, or 0.67 percent, to close at 8,731.65, even though foreign investors were largely net buyers in a relatively thin market.

Hong Kong's Hang Seng index tumbled 124.10 points, or 1.29 percent, to 9,460.60, while the Korean Composite index declined by 15.75 points, or 2.52 percent, to 609.43.

Taiwan's weighted index lost 21.48 points, or 0.42 percent, to 5,507.32, and Thailand's stock exchange dipped 0.26 point, or 0.07 percent, to close at 376.30.

In Singapore, the Strait Times index declined 6.37 points, or 0.47 percent, to end at 1,358.04, while Malaysia's Kuala Lumpur composite index lost 1.97 points, or 0.29 percent, to 668.81.

There were a few rising bourses in the region. The Philippines composite index rose 1.89 points, or 0.18 percent, to 1,050.42. And both China's Shanghai A and B shares gained, by 29.64 points to 1,545.43 and 2.83 points to 126.35, respectively.

On the subcontinent, India's Mumbai Sensex 30 index fell 39.09 points, or 1.17 percent, to 3,289.09, while Pakistan's Karachi Stock Exchange index tumbled 121.62 points, or 4.44 percent, to 2,617.49.



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