Xinhua world economic news summary at 0900 GMT, Oct. 7

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SEOUL -- South Korean shares ended higher Wednesday.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 21.04 points, or 0.89 percent, to settle at 2,386.94. Trading volume stood at 722.8 million shares worth 8.8 trillion won (7.6 billion U.S. dollars). (S.Korea-Stocks)

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TASHKENT -- Uzbekistan will be one of only two states in Europe and Central Asia to demonstrate economic growth in 2020, according to the World Bank's Economic Update released Wednesday.

Despite the global economic downturn caused by the coronavirus pandemic, Uzbekistan's annual gross domestic product (GDP) growth is projected to reach between 0.4 and 0.8 percent this year, which is considerably lower than that in 2019 when it reached 5.6 percent, the World Bank report said. (Uzbekistan-World Bank-Economic Outlook)

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TOKYO -- Tokyo stocks opened lower Wednesday after Wall Street lost ground overnight after U.S. President Donald Trump decided to halt negotiations for additional stimulus to help underpin the virus-hit economy.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 122.43 points, or 0.52 percent, from Tuesday to 23,311.30. (Japan-Stocks)

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WELLINGTON -- New Zealand stock market's indicator, the S&P/NZX 50 index, jumped by 0.34 percent to 12,016 on Wednesday.

The jump was led by Barramundi Limited, which went up by 23.08 percent to 0.08 NZ dollars (0.05 U.S. dollars), while NZME Limited dropped by 6.35 percent to 0.59 NZ dollars. (New Zealand-Stock-Market)

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MANILA -- Philippine shares closed 0.72 percent lower on Wednesday.

The benchmark Philippine Stock Exchange index decreased by 42.76 points to 5,867.88. The all-share index went down by 15.83 points, or 0.45 percent, to 3,527.90. (Philippines-Stock market) Enditem

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