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| Version 1 | Version 2 |
|---|---|
| Asian markets recover after early dip | Asian markets recover after early dip |
| (about 1 hour later) | |
| Markets in Asia largely recovered in late trade, with trading volatile in the wake of the European Central Bank's latest stimulus measures. | Markets in Asia largely recovered in late trade, with trading volatile in the wake of the European Central Bank's latest stimulus measures. |
| On Thursday, markets had initially cheered the ECB's move to cut rates and expand its quantitative easing plan. | On Thursday, markets had initially cheered the ECB's move to cut rates and expand its quantitative easing plan. |
| But hints later that the bank might not cut rates further saw European and US markets go into reverse. | But hints later that the bank might not cut rates further saw European and US markets go into reverse. |
| In Japan, the Nikkei 225 index fell 1% at first, but then recovered to end the day up 0.5% at 16,938.87. | In Japan, the Nikkei 225 index fell 1% at first, but then recovered to end the day up 0.5% at 16,938.87. |
| In China, investors were looking ahead to some fresh economic data expected out of Beijing on Saturday. | In China, investors were looking ahead to some fresh economic data expected out of Beijing on Saturday. |
| Analysts said retail sales may show some improvement over the combined January and February period, but that they were expecting industrial production and fixed-asset investment numbers to support the outlook for a continued overall economic slowdown in China. | Analysts said retail sales may show some improvement over the combined January and February period, but that they were expecting industrial production and fixed-asset investment numbers to support the outlook for a continued overall economic slowdown in China. |
| Saturday's numbers will combine January and February activity on the mainland in order to avoid any irregularities that could appear due to the Lunar New Year holiday. | Saturday's numbers will combine January and February activity on the mainland in order to avoid any irregularities that could appear due to the Lunar New Year holiday. |
| Hong Kong's Hang Seng index closed up 1.1% at 20,199.60, while the Shanghai Composite rose 0.2% to 2,810.31. | |
| In Australia, the benchmark S&P/ASX 200 fell at first, but then recovered to close up 0.3% at 5,166.39. | |
| South Korea's Kospi index ended the day 0.1% higher at 1,971.41. |