Author: Elena Todorova
123jump.com
Last Update: 9:56 AM EST February 01 2006

Asian-Pacific benchmarks closed mostly down on volatile trade. South Korean Kospi extended losses to drop 1.7%. The Nikkei ended its six-session winning streak, falling by 1%. European stocks gained ground on corporate news with London''s FTSE 100 making the biggest advance,up 0.5%. In earnings news, Time Warner posted Q4 income rise of 29 cents a share, above estimates. Boeing beat expectations, posting more than doubled Q4 profit of 58 cents a share. The company also raised its 2006 guidance.