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Asian shares mixed
Source: Geo News | 11-11-2013

Asian shares were mixed Monday following positive economic data from the United States and China as the Communist Party meets to plot the course for the world's second largest economy over the next decade.

Trading sentiment was buoyed by strong US jobs figures and by healthy industrial production figures out of China -- further evidence of a steady recovery from a slowdown earlier in the year.

Tokyo ended up 1.30 percent, or 183.04 points, at 14,269.84, Sydney closed down 0.25 percent, or 13.6 points, at 5,387.1 while Seoul also ended down 0.38 percent, or 7.57 points, at 1977.3.

In afternoon trade, Hong Kong was up 0.65 percent while Shanghai rose 0.32 percent.

The stock market in Manila was down 1.34 percent, up from an initial 2.40 percent slump earlier in the morning, as the Philippines reels from super typhoon Haiyan, which smashed into the archipelago on Friday. Authorities fear more than 10,000 people may have been killed.

On Friday the Dow Jones Industrial Average ended up 1.08 percent at a fresh record of 15,761.78. It was lifted by figures which showed the world's biggest economy added 204,000 jobs in October, double what analysts forecast.

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Rice exporters may strike against govt monopoly on QRC The rice millers and exporters have warned the government of going on strike for an unlimited period if Ministry of Commerce did not take urgent step to give them proper representation in Quality Review Committee (QRC). “Giving QRC control to government department and elimination of private stakeholders’ involvement is a setback for rice expor..... Read more
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Reserves may deplete to $8b by June 2013 The country’s gross official reserves may deplete to $8.24 billion by June 2013 which is 28 per cent or $3.2 billion, lower than what has been projected for last financial year 2011-12, said an official.   The official said the current account deficit - gap between total foreign receipts and payments - is expected to widen to $5.3 billion or..... Read more
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