Benchmark Nikkei closed up
Stocks in Asia also fell except for the Nikkei, after data showed China's economy grew the fastest last year and a possible government action to control rise in price leading to Indian food inflation. Prasad Patkar, at Platypus Asset Management in Sydney, said: "China has done the heavy lifting in the recovery process, and now needs to cool its economy down a little bit. Policy tightening measures will be forthcoming, but they need to be viewed in the context of how strong the economy has been.”
The benchmark Nikkei 225 index closed up 130 points at 10,868 in Tokyo. The Hang Seng index finished down 423 points at 20,863 in Hong Kong.
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