Asian markets rise
Tuesday, 28 August 2007
HONG KONG, Aug 27 (AP): Asian markets rose Monday, with Hong Kong shares jumping 2.90 per cent to a new record, while Chinese stocks also hit a fresh high. India's benchmark index also surged 2.90 per cent.
But trading was light in many regional markets as investors held back to watch Wall Street's moves following the volatility of recent weeks caused by problems in the US subprime mortgage market.
NEW DELHI: Indian shares climbed sharply, boosted by strong gains in banks and blue chip companies. The Bombay Stock Exchange's 30-share Sensex index moved up 417 points, or 2.90 per cent, to end at 14,842 points. On the broader National Stock Exchange, the 50-company S&P Nifty index gained 112 points, or 2.70 per cent, to end at 4,303 points.
BANGKOK: Thai shares give up early gains to close flat on light volume with blue chip energy stocks main cause of softness. The SET Index ended up 0.45 point at 790.54.
JAKARTA: Indonesian share prices ended 1.50 per cent up at 2,175.353 in moderate trade amid reviving hopes that the country's central bank won't hike interest rates next month.
KUALA LUMPUR: Malaysia shares closed 0.40 per cent up at 1,278.27 in heavy volume. Market breadth stayed positive with gainers trumping decliners 531 to 315.
MANILA: Philippine markets were closed for a holiday.
SEOUL: South Korean shares moved higher on robust gains in steelmakers and shipbuilders, with analysts predicting the market will make further modest gains Tuesday. The Korea Composite Stock Price Index, or Kospi, finished 11.7 points, or 0.70 per cent, higher at 1,803.03.
SHANGHAI: Chinese stocks rose to another record close on strong earnings expectations for financial firms. The Shanghai Composite Index gained 0.80 per cent, or 42.45 points, to 5,150.12. The index hit record closes every day last week.
SYDNEY: Australian stocks rose to their best level in five weeks, aided by offshore gains and strong corporate earnings. The benchmark S&P/ASX 200 closed up 96.7 points or 1.60 per cent at 6,185.2 after earlier reaching a five-week high of 6,203.4.
TAIPEI: Taiwan shares rose slightly amid a mixed performance in tech stocks. The Weighted Price Index of the Taiwan Stock Exchange rose 28.22 points, or 0.30 per cent, to close at 8,718.31 points.
But trading was light in many regional markets as investors held back to watch Wall Street's moves following the volatility of recent weeks caused by problems in the US subprime mortgage market.
NEW DELHI: Indian shares climbed sharply, boosted by strong gains in banks and blue chip companies. The Bombay Stock Exchange's 30-share Sensex index moved up 417 points, or 2.90 per cent, to end at 14,842 points. On the broader National Stock Exchange, the 50-company S&P Nifty index gained 112 points, or 2.70 per cent, to end at 4,303 points.
BANGKOK: Thai shares give up early gains to close flat on light volume with blue chip energy stocks main cause of softness. The SET Index ended up 0.45 point at 790.54.
JAKARTA: Indonesian share prices ended 1.50 per cent up at 2,175.353 in moderate trade amid reviving hopes that the country's central bank won't hike interest rates next month.
KUALA LUMPUR: Malaysia shares closed 0.40 per cent up at 1,278.27 in heavy volume. Market breadth stayed positive with gainers trumping decliners 531 to 315.
MANILA: Philippine markets were closed for a holiday.
SEOUL: South Korean shares moved higher on robust gains in steelmakers and shipbuilders, with analysts predicting the market will make further modest gains Tuesday. The Korea Composite Stock Price Index, or Kospi, finished 11.7 points, or 0.70 per cent, higher at 1,803.03.
SHANGHAI: Chinese stocks rose to another record close on strong earnings expectations for financial firms. The Shanghai Composite Index gained 0.80 per cent, or 42.45 points, to 5,150.12. The index hit record closes every day last week.
SYDNEY: Australian stocks rose to their best level in five weeks, aided by offshore gains and strong corporate earnings. The benchmark S&P/ASX 200 closed up 96.7 points or 1.60 per cent at 6,185.2 after earlier reaching a five-week high of 6,203.4.
TAIPEI: Taiwan shares rose slightly amid a mixed performance in tech stocks. The Weighted Price Index of the Taiwan Stock Exchange rose 28.22 points, or 0.30 per cent, to close at 8,718.31 points.