Markets Rise In Asia
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REUTERS/Paul Barker
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The only action of the day was in Europe, where things were generally positive.
Japan gained .68%. Korea rose 0.61%. Hong Kong gained .23%, while the Shanghai Composite slipped a mere 0.05%.
Thus ends a much steadier week for the market than what we saw last week, when violent selling pummeled momentum stocks (particularly tech and biotech). The rebound might give credence to the idea that some of the selling was motivated by the tax bill.
There is currency trading going on, but it is quiet.
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