Xinhua summary of Asia-Pacific stocks news at 1100 GMT, June 20

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BEIJING -- Chinese stocks closed higher on Thursday, with the benchmark Shanghai Composite Index up 2.38 percent, at 2,987.12 points.

The Shenzhen Component Index closed 2.34 percent higher at 9,134.96 points.

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MUMBAI -- Indian markets closed higher Thursday.

Among sectors, buying was seen in auto, bank, energy, infra, pharma and metal sectors. On the other hand, IT and FMCG were traded lower.

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BANGKOK -- The Stock Exchange of Thailand (SET) index Thursday moved up 11.84 points, or 0.69 percent to close at 1,717.82 points.

Some 20.22 billion shares worth 75.52 billion baht (about 2.44 billion U.S. dollars) changed hands.

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SINGAPORE -- Singapore shares closed 0.8 percent higher on Thursday, tracking gains in Wall Street overnight.

U.S. stocks rose after the Federal Reserve held rates but opened the door to rate reduction, citing the uncertainty of the economic outlook. Investors were almost certain of a rate cut in July.

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KUALA LUMPUR -- The Malaysian stock market ended higher here on Thursday.

The Kuala Lumpur Composite Index (KLCI) was at 1,675.43 up 8.89 points or 0.53 percent, and the Emas was at 11,786.28 up 87.57 points or 0.75 percent.

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TOKYO -- Tokyo stocks closed higher Thursday after a positive lead from Wall Street overnight, as the U.S. Federal Reserve signaling a possible rate cut to support the U.S. economy lifted investor sentiment.

The 225-issue Nikkei Stock Average added 128.99 points, or 0.60 percent, from Wednesday to close the day at 21,462.86.

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HONG KONG -- Hong Kong stocks closed up 348.29 points, or 1.23 percent, to 28,550.43 points on Thursday.

The benchmark Hang Seng Index traded between 28,258.02 and 28,563.08. Turnover totaled 97.76 billion Hong Kong dollars (about 12.52 billion U.S. dollars).

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SEOUL -- South Korean stocks gained ground Thursday on eased worry about global trade dispute, while the local currency surged versus the U.S. dollar on expectations for interest rate cut in the United States.

The benchmark Korea Composite Stock Price Index (KOSPI) added 6.51 points, or 0.31 percent, to settle at 2,131.29. Trading volume stood at 996.2 million shares worth 3.9 trillion won (3.4 billion U.S. dollars).

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MANILA -- Philippine shares closed 0.07 percent higher on Thursday.

The benchmark Philippine Stock Exchange index increased by 5.41 points to 8022.42. The all-share index went up by 8.81 points, or 0.18 percent, to 4891.38.

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PHNOM PENH -- Cambodia's stocks finished lower on Thursday, with the Cambodia Securities Exchange (CSX) Index down 3.51 points, or 0.57 percent, to close at 613.76.

A total of 2,402 shares worth 16.7 million riel (4,093 U.S. dollars) were traded.

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WELLINGTON -- New Zealand stock market's indicator, the S&P/NZX 50 index, dropped slightly by 0.2 percent to 10,291 on Thursday.

The drop was led by PaySauce Limited, which delivers payroll solutions for New Zealand companies. It went down by 10 percent to 0.009 NZ dollars (0.006 U.S. dollars), while TruScreen Limited, which offers the latest technology in cervical cancer screening, rose by 22.73 percent to 0.135 NZ dollars. Enditem

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