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Overnight Markets: Retailers lead Wall Street lower

by Himanshu Singh on Dec 27, 2012 at 03:58

The MSCI Asia Pacific Index gained 0.6% to 129 at 12:44 p.m. in Tokyo. The Nikkei 225 Stock Average added 1.4%, heading for the highest close since 10 March 2011, the day before an earthquake and tsunami devastated north eastern Japan and triggered meltdowns at a nuclear power plant.

Australia’s S&P/ASX 200 added 0.3% and New Zealand’s NZX 50 Index rose 0.1% in Wellington. South Korea’s Kospi index slid 0.2% while data showed manufacturers’ confidence rebounded and sales at major department stores rose.

Hong Kong’s Hang Seng Index rose 0.5%, while the Shanghai Composite Index fell 0.2%.

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