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But China's Shanghai Composite index gained 1.4 percent to 2,790.69 amid some last-minute buying ahead of the Chinese Lunar New Year that will shut down trading Feb. 2-8. The Shenzhen Composite Index for China's smaller, second market rose 1 percent to 1,197.67. In the currency markets, trading was fairly subued, following big movements on Friday, when the dollar, the yen and the Swiss franc advanced in varying degrees in light of their supposed status as safe havens. By late morning London time, the euro, which has been buoyant of late on hopes that Europe is finally getting a handle on its debt crisis, was 0.4 percent firmer at $1.3655, partly on the back of the higher than expected eurozone inflation figures. Meanwhile, the dollar was 0.3 percent firmer at 82.20 yen.
[Associated
Press;
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