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Asia mainly up, China slips as stock trading scheme falters
Tokyo was up 0.37 percent by the break, Seoul climbed 0.42 percent, and Sydney was up 0.56 percent, but Shanghai dropped 0.67 percent, while Hong Kong was down 0.94 per cent in morning trade. Other markets were boosted by a stable euro early Monday after four out of five eurozone banks passed the ECB health test, fuelling hopes that a major cause of economic uncertainty could soon be eliminated, analysts said. The common currency bought $1.2676 and 137.10 yen against $1.2666 and 136.97 yen in New York Friday afternoon. The dollar was at 108.18 yen early Monday compared with 108.14 yen in US trade Friday afternoon. US stocks Friday capped a strong week on a high note as good earnings from Microsoft and others overshadowed a poor report from Amazon. The Dow Jones Industrial Average gained 0.76 percent while the broad-based S&P 500 advanced 0.71 percent. US benchmark West Texas Intermediate for delivery in December was down six cents to $80.95 in mid-morning Asian trade and Brent crude for December tumbled 27 cents to $85.86. Dow Jones Newswires contributed to this article -.

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