Asian markets mainly lower, Tokyo bucks trend
Tuesday, 9 June 2009
HONG KONG, June 8 (AFP): Asian markets were mainly lower Monday as investors locked in profits amid continued concerns about the global downturn, but Tokyo bucked the trend, closing at an eight-month high.
Hong Kong fell 2.28 per cent, Singapore was down 2.61 per cent and Taipei shed 3.34 per cent.
Tokyo rose 1.00 per cent thanks to a weaker yen, which helps exporters. The market also shrugged off data that showed Japan's current account surplus for April more than halved from a year earlier.
Resources shares across the region fell thanks to a drop in global oil prices, which had reached seven-month highs late last week.
Markets in Sydney were closed for a public holiday.
TOKYO: Up 1.0 per cent. The Nikkei-225 rose 97.62 points to 9,865,63.
Financial, technology and auto shares led the market north.
Nomura Holdings gained 2.90 per cent to 800 yen and Tokio Marine was up 3.20 per cent to 2,905.
HONG KONG: Down 2.28 per cent. The Hang Seng Index closed down 426.14 points at 18,253.39.
"Investors are more eager to sell to take profits for now amid an absence of fresh leads," Jackson Wong, an investment manager at Tanrich Securities, told Dow Jones Newswires.
SHANGHAI: Up 0.52 per cent. The Shanghai Composite Index, which covers A and B shares, was up 14.45 points at 2,768.34.
TAIPEI: Down 3.34 per cent. The weighted index fell 228.72 points to 6,628.02.
SEOUL: Down 0.10 per cent. The KOSPI fell 1.41 points to 1,393.30.
SINGAPORE: Down 2.61 per cent. The Straits Times Index fell 62.65 points to 2,333.70.
KUALA LUMPUR: Down 0.25 per cent. The Kuala Lumpur Composite Index lost 2.65 points to 1,072.85.
BANGKOK: Down 0.75 per cent. The Stock Exchange of Thailand (SET) composite index fell 4.54 points to 600.03.
MANILA: Down 0.43 per cent. The composite index fell 10.95 points to 2,517.73.
SM Investments Corporation fell 0.80 per cent to 305 pesos while Bank of the Philippine Islands dropped 1.09 per cent to 45.50.
Hong Kong fell 2.28 per cent, Singapore was down 2.61 per cent and Taipei shed 3.34 per cent.
Tokyo rose 1.00 per cent thanks to a weaker yen, which helps exporters. The market also shrugged off data that showed Japan's current account surplus for April more than halved from a year earlier.
Resources shares across the region fell thanks to a drop in global oil prices, which had reached seven-month highs late last week.
Markets in Sydney were closed for a public holiday.
TOKYO: Up 1.0 per cent. The Nikkei-225 rose 97.62 points to 9,865,63.
Financial, technology and auto shares led the market north.
Nomura Holdings gained 2.90 per cent to 800 yen and Tokio Marine was up 3.20 per cent to 2,905.
HONG KONG: Down 2.28 per cent. The Hang Seng Index closed down 426.14 points at 18,253.39.
"Investors are more eager to sell to take profits for now amid an absence of fresh leads," Jackson Wong, an investment manager at Tanrich Securities, told Dow Jones Newswires.
SHANGHAI: Up 0.52 per cent. The Shanghai Composite Index, which covers A and B shares, was up 14.45 points at 2,768.34.
TAIPEI: Down 3.34 per cent. The weighted index fell 228.72 points to 6,628.02.
SEOUL: Down 0.10 per cent. The KOSPI fell 1.41 points to 1,393.30.
SINGAPORE: Down 2.61 per cent. The Straits Times Index fell 62.65 points to 2,333.70.
KUALA LUMPUR: Down 0.25 per cent. The Kuala Lumpur Composite Index lost 2.65 points to 1,072.85.
BANGKOK: Down 0.75 per cent. The Stock Exchange of Thailand (SET) composite index fell 4.54 points to 600.03.
MANILA: Down 0.43 per cent. The composite index fell 10.95 points to 2,517.73.
SM Investments Corporation fell 0.80 per cent to 305 pesos while Bank of the Philippine Islands dropped 1.09 per cent to 45.50.