Asian markets mixed as investors take profits
Thursday, 26 March 2009
HONG KONG, Mar 25 (AFP): Asian markets were mixed Wednesday as investors made the most of massive gains earlier in the week to take profits as confidence slowly edges back onto trading floors.
Hong Kong led the falls in the major indexes, losing more than two per cent, with Shanghai dropping a similar amount, while Tokyo edged down.
Regional markets saw massive rises in the first to days of the week due to the plan.
MUMBAI: Up 2.08 per cent. The 30-share Sensex index rose 196.86 points to 9,667.9, its third straight day of gains.
TOKYO: Down 0.10 per cent. The Nikkei-225 index fell 8.31 points to 8,479.99.
Investors took profits following the recent rally to a 10-week high, dealers said.
HONG KONG: Down 2.07 per cent. The Hang Seng Index fell 288.23 points to 13,622.11.
The market was led down by profit-taking in heavyweight HSBC after two days of strong gains, dealers said.
SHANGHAI: Down 2.00 per cent. The Shanghai Composite Index, which covers A and B shares, closed down 46.87 points to 2,291.56.
The market reversed seven consecutive days of gains, dealers said.
TAIPEI: Up 1.99 per cent. The weighted index rose 104.2 points to 5,346.38. The construction sector rose 3.42 per cent while electronics gained 2.71 per cent and financials were up 0.8 per cent.
MediaTek rose 5.8 per cent to 339.5 Taiwan dollars.
SEOUL: Up 0.6 per cent. The KOSPI ended up 7.32 points at 1,229.02.
The market is now at its highest level in more than five months amid hopes the global financial system will stabilise further.
SINGAPORE: Down 0.86 per cent. The STI fell 14.66 points to 1,691.68.
Singapore Airlines slid 16 cents to 10.02 and Singapore Telecommunications closed two cents down at 2.51.
KUALA LUMPUR: Up 0.1 per cent. The Kuala Lumpur Composite Index edged up 0.89 points to 878.81.
TMI ended down 12.3 per cent at 2.29 ringgit and Maybank shed 3.2 per cent to 4.26 ringgit.
Hong Kong led the falls in the major indexes, losing more than two per cent, with Shanghai dropping a similar amount, while Tokyo edged down.
Regional markets saw massive rises in the first to days of the week due to the plan.
MUMBAI: Up 2.08 per cent. The 30-share Sensex index rose 196.86 points to 9,667.9, its third straight day of gains.
TOKYO: Down 0.10 per cent. The Nikkei-225 index fell 8.31 points to 8,479.99.
Investors took profits following the recent rally to a 10-week high, dealers said.
HONG KONG: Down 2.07 per cent. The Hang Seng Index fell 288.23 points to 13,622.11.
The market was led down by profit-taking in heavyweight HSBC after two days of strong gains, dealers said.
SHANGHAI: Down 2.00 per cent. The Shanghai Composite Index, which covers A and B shares, closed down 46.87 points to 2,291.56.
The market reversed seven consecutive days of gains, dealers said.
TAIPEI: Up 1.99 per cent. The weighted index rose 104.2 points to 5,346.38. The construction sector rose 3.42 per cent while electronics gained 2.71 per cent and financials were up 0.8 per cent.
MediaTek rose 5.8 per cent to 339.5 Taiwan dollars.
SEOUL: Up 0.6 per cent. The KOSPI ended up 7.32 points at 1,229.02.
The market is now at its highest level in more than five months amid hopes the global financial system will stabilise further.
SINGAPORE: Down 0.86 per cent. The STI fell 14.66 points to 1,691.68.
Singapore Airlines slid 16 cents to 10.02 and Singapore Telecommunications closed two cents down at 2.51.
KUALA LUMPUR: Up 0.1 per cent. The Kuala Lumpur Composite Index edged up 0.89 points to 878.81.
TMI ended down 12.3 per cent at 2.29 ringgit and Maybank shed 3.2 per cent to 4.26 ringgit.