Most Asian stocks up in holiday-thin trading
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Most Asian stocks up in holiday-thin trading

TOKYO (AP) — Most Asian stocks were marginally higher in early trading Thursday as fewer investors participated in the market ahead of the New Year holiday.

Japan’s benchmark Nikkei 225 stock average lost 42.03 points, or 0.4 percent, to 10,302.51 on the last trading day of the year.

The Japanese stock market is open only for the morning session on Thursday and will be closed in the afternoon session. It will resume trading on Jan. 4.

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A man watches the electronic stock board of a securities firm in Tokyo, Thursday, Dec. 2, 2010. Pic: AP.

South Korea’s Kospi rose 0.3 percent to 2,048.66. Shares in Australia and Singapore were also slightly higher.

In New York Wednesday, the Dow Jones Industrial average added 9.84 points, or 0.1 percent, to 11,585.38. The S&P 500 rose 1.27, or 0.1 percent, to 1,259.78. The technology-focused Nasdaq gained 4.05, or nearly 0.2 percent, to 2,666.93.

Across Asia, investors stayed on the sidelines in light trading ahead of the New Year holiday and also in the absence of fresh market leads.

In currencies, the dollar fell to 81.40 yen in Tokyo Thursday from 81.63 yen in New York late Wednesday. The euro edged up to $1.3233 from $1.3221.