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Asia Markets: Asian markets go their separate ways ahead of Lunar New Year holiday

Asia-Pacific stocks were mixed early Wednesday following slight gains in the U.S. overnight.

Indexes in the region, excluding those in New Zealand and South Korea, were within 0.3% of Tuesday’s finishes. The Kospi SEU, +1.02% rose nearly 1% as Samsung Electronics rebounded 005930, +3.07% 2.7%. That put the week’s gain at 9%, which erased most of the month’s decline.

New Zealand’s NZX 50 NZ50GR, -0.56% fell 0.5% as Fletcher Building FBU, -10.94% slumped 12% to a two-year low after it revealed additional losses at its building-and-interiors division. The company’s shares were halted for nearly a week after Fletcher said Thursday it expected more red ink for the segment.

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