Xinhua summary of Asia-Pacific stocks news at 1100 GMT, May 8

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BEIJING -- Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 1.12 percent, at 2,893.76 points.

The Shenzhen Component Index closed 0.96 percent lower at 9,002.53 points. The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 1.48 percent to close at 1,481.87 points.

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MUMBAI -- Indian markets closed lower Wednesday amid weak global cues.

All sectoral indices are trading in red, led by energy, pharma, auto, bank, infra, FMCG, metal and IT. Midcap and smallcap index shed 1 percent each.

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SINGAPORE -- Singapore stocks closed lower on Wednesday, with the benchmark Straits Times Index (STI) going down 0.87 percent, or 28.68 points, to close at 3,283.84.

The STI index went up 0.67 percent, or 21.90 points, to close at 3,312.52 on Tuesday.

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KUALA LUMPUR -- The Malaysian stock market ended lower here on Wednesday.

The Kuala Lumpur Composite Index (KLCI) was at 1.633.55, down 5.82 points or 0.36 percent, and the Emas was at 11,538.02, down 48.32 points or 0.42 percent.

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HONG KONG -- Hong Kong stocks closed down 359.82 points, or 1.23 percent, to 29,003.2 points on Wednesday.

The benchmark Hang Seng Index traded between 28,945.91 and 29,252.0. Turnover totaled 107.67 billion Hong Kong dollars (about 13.72 billion U.S. dollars).

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HANOI -- Stock market index of Vietnam's capital Hanoi, HNX-Index, closed at 105.91 points on Wednesday, up 0.08 points or 0.07 percent from the previous trading session.

Prices of 69 stocks went up, 75 stocks dropped, while 233 stocks remained unchanged.

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WELLINGTON -- New Zealand stock market rallied after the Reserve Bank of New Zealand cut its official cash rate on Wednesday.

The S&P/NZX 50 Index increased 35.66 points, or 0.36 percent, to 10,063.05. Within the index, 30 stocks rose, 14 fell and six were unchanged. Turnover was 153.2 million New Zealand dollars.

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MANILA -- Philippine shares closed 0.20 percent higher on Wednesday.

The benchmark Philippine Stock Exchange index increased by 16.06 points to 7,926.69. While the all-share index went down by 9.57 points, or 0.20 percent, to 4,876.98.

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TOKYO -- Tokyo stocks closed sharply lower Wednesday as stocks tracked declines on Wall Street overnight and market concerns over the outlook for the global economy intensified.

The 225-issue Nikkei Stock Average fell 321.13 points, or 1.46 percent, from Tuesday to close the day at 21,602.59, marking its lowest close since April 2.

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SEOUL -- Seoul shares ended lower Wednesday.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 8.98 points, or 0.41 percent, to settle at 2,168.01. Trading volume stood at 472 million shares worth 5.3 trillion won (4.6 billion U.S. dollars).

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SYDNEY -- The Australian share market finished lower on Wednesday with broad losses and tech and communication stocks weighing particularly heavily.

At the market close the benchmark S&P/ASX 200 index was down 26.60 points or 0.42 percent at 6,269.10, while the broader All Ordinaries index was down 31.70 points or 0.50 percent at 6,351.80.

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PHNOM PENH -- Cambodia's stocks finished higher on Wednesday, with the Cambodia Securities Exchange Index up 6.08 points, or 1.07 percent, to close at 576.56.

A total of 12,213 shares worth 52.1 million riel (12,830 U.S. dollars) were traded. Enditem

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