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Asia stocks modestly higher; Nikkei, yen slip

March 28, 2013 • Business


An investor looks at the stock price monitor at a private securities company on Thursday, March 28, 2013, in Shanghai, China. Renewed jitters about the debt crisis in Europe sent Asian stock markets lower Thursday. (AP Photo/Eugene Hoshiko)

BANGKOK (AP) — Asian stock markets were mostly higher Friday as momentum carried over from yet another record high on Wall Street.

The Standard and Poor’s 500 index closed at a record Thursday, driven by more encouraging data on the U.S. economic recovery. The government said the economy grew at an annual rate of 0.4 percent in the October-December quarter, slightly better than previous estimates. The revision reflected stronger business investment and export sales.

South Korea’s Kospi rose 0.7 percent to 2,006.41. Mainland China’s Shanghai Login to read more

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