Trade mixed due to Easter

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TOKYO: Japanese shares ended higher at the end of quiet regional trade yesterday but the euro edged lower on lingering concerns over Cyprus, despite the island’s banks reopening to relative calm.
Lenders in the Mediterranean nation began trading on Thursday for the first time since a controversial bailout was agreed, with the first capital controls of their kind in the eurozone blocking a bank run that analysts feared could ripple across region.
Japan’s benchmark Nikkei 225 index ended 0.50 per cent higher, adding 61.95 points to 12,397.91. The market finished the first three months of 2013 almost 20 per cent higher.
In other markets Seoul gained 0.57 per cent, or 11.37 points, to end at 2,004.89, while Taipei finished up 0.66 per cent, or 51.73 points, at 7,918.61.
Shanghai was flat, edging 0.32 points higher to 2,236.62.
Markets in Hong Kong, Sydney, Wellington, Singapore, Jakarta, Manila and Mumbai were closed for the Easter holidays.
In Tokyo trade, Sony was up 1.04 per cent at 1,642 yen, Uniqlo cheap chic clothing operator Fast Retailing climbed 2.40 per cent to 30,650 yen and Toyota added 0.72 per cent to 4,860 yen.
Panasonic tumbled 7.10 per cent to 654 Japanese yen on disappointment with the struggling electronics giant’s mid-term business plan, which failed to give a timeline for dumping money-losing businesses and pointed to a lacklustre 350 billion yen operating profit by early 2016.
In other markets:
* Bangkok rose 1.07 per cent, or 16.49 points, to 1,561.06. Coal producer Banpu was unchanged at 377.00 baht, but energy giant PTT plc appreciated by 0.62 per cent to 326.00 baht. AFP

Business Times : marketwatch

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