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The Nikkei Stock Average of 225 selected issues on the Tokyo Stock Exchange gained 120.28 points, or 1.25 percent, to close at 9,755.63. The index tumbled 320.35 points, or 3.22 percent, Friday.
Philippine shares ended lower Friday as investors continued to take profit following the release of disappointing U.S. jobs data, which triggered a sharp drop on Wall Street overnight, traders said.
B>NEW YORK/B>: Investors unnerved by a larger-than-expected jump in unemployment sent stocks lower Thursday, taking profits from Wall Street's two days of rallies. But news of surprisingly strong growth in the nation's service sector helped offset the losses.
WORLD stock markets recorded a strong rebound in the first half of the year despite earlier concerns about the fallout of from war in Iraq and the Severe Acute Respiratory Syndrome (SARS) outbreak.
A SPECTACULAR rally in oil and gas stocks yesterday spilled over to the rest of the market, helping to arrest an ongoing consolidation and pull the KLSE Composite Index (CI) up 8.7 points or 1.28% . The CI closed at the day#039;s high of 691 points on heavy volume.