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23 Mar 05: Asian Stock Prices Close Mostly Lower


Asian stock markets closed mostly lower today (Wednesday), reacting to the U.S. central bank's decision to raise interest rates.

Tokyo's Nikkei index lost 103 points to finish at 11,739. Tuesday the market slipped 38 points.

Hong Kong's Hang Seng index lost more than one percent (173 points) to close at 13,604. The Hang Seng fell 58 points Tuesday.

In the region's other big market, Singapore the Straits Times index ended down 31 points at 2,145.

Elsewhere, share prices were higher in Kuala Lumpur and Taipei. Markets were lower in Bangkok, Bombay, Jakarta, Seoul, Shanghai, Singapore, Sydney and Wellington. The Manila exchange was closed.

In late afternoon Tokyo currency trading, the dollar was selling at 105.43 yen, up 0.50 yen from the same time Tuesday.

In Hong Kong, the price of gold fell three dollars, 70 cents an ounce to close at 427 dollars, 25 cents an ounce.

Information for this report is provided by AP.

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