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15 Mar 05: Asian Markets Close Mostly Down


Asian stock markets closed mostly down Monday, with the key market in Tokyo losing ground for a second day.

Tokyo's Nikkei index lost a fraction of 1% (29 points), to close at 11,821.

The Nikkei fell slightly more than half a percent on Monday.

Hong Kong's key index, the Hang Seng, fell nearly 1% (90 points), to finish at 13,817. The Hang Seng rose one-tenth of a percent Monday.

Elsewhere, share prices fell in Bangkok, Jakarta, Kuala Lumpur, Manila, Seoul, Shanghai, Singapore, Sydney and Taipei.

Share prices in Wellington were higher in light trade. The U.S. dollar was quoted at 104.98 yen in Tokyo, up 0.38 yen from late Monday in Tokyo, and above its late Monday New York level of 103.88 yen.

The price of gold in Hong Kong fell two dollars and 10 cents to close at 441 dollars and five cents an ounce.

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