Most Asian markets overcome selling pressure to close higher

12/9/2008 | MarketWatch

Although data confirmed that Japan is in recession, Tokyo led most regional markets to gains Tuesday. The Nikkei 225 Average climbed 0.8% after rising as high as 2.1% in early trading. Australia's S&P/ASX 200 fell 0.8%, Singapore's Straits Times Index soared 5.3% and Indonesia's JSX Composite advanced 3.9%. Malaysia's KLSE Composite inched up 0.4%, Taiwan's Taiex gained 1.2%, South Korea's Kospi eked out a 0.1% gain and New Zealand's NZX 50 Index rose 0.9%. Meanwhile, Hong Kong's Hang Seng Index dropped 1.9%, and the Hang Seng China Enterprises Index slid 1.7%.

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