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Australia's S&P/ASX 200 lost 0.7 percent to 4,527.30 as miners retreated. The Shanghai Composite index fell 0.4 percent to 2,575.30 with investors holding back ahead of the launch of Agricultural Bank of China's mammoth share listing, after a five-day closure for public holidays. Benchmarks in Singapore and New Zealand were also in negative territory. Meanwhile, Hong Kong's Hang Seng rose 0.4 percent to 20,138.40. Stocks in Taiwan, Thailand, Malaysia and South Korea rose as well. Overnight in New York, the Dow Jones industrials rose 0.05 percent to 10,409.46 after news of BP's funding agreement. The market began the day by falling on news that home construction and applications for building permits slumped in May. The S&P 500 fell 0.06 percent to 1,114.61. In currencies, the dollar weakened to 91.25 yen from 91.37 yen late Wednesday. Benchmark crude for July delivery was down 31 cents at $77.36 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 73 cents to settle at $77.67 on Wednesday.
[Associated
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