Asian shares fall as US shows signs of weakness
Sunday, 27 September 2009
HONG KONG, Sept 26 (AFP): Asian shares fell Friday as dealers looked to weak data from the United States that suggests a recovery in the world's biggest economy may not be as strong as previously thought.
Tokyo led the way down, diving 2.64 per cent, after bucking the trend Thursday as dealers returned from a three-day break. Hong Kong lost 0.13 per cent and Shanghai 0.52 per cent. Seoul lost 0.14 per cent but Sydney rose 0.26 per cent.
TOKYO: Down 2.64 per cent. The Nikkei-225 index dropped 278.24 points to 10,265.98. Banking stocks were dragged lower, with Mizuho Financial sliding 4.3 per cent to 176 yen.
HONG KONG: Down 0.13 per cent. The Hang Seng Index lost 26.33 points at 21,024.40. HSBC fell 0.7 per cent to 88.05 Hong Kong dollars, taking 23.21 points off the broader index.
SYDNEY: Up 0.26 per cent. The S&P/ASX 200 lifted 12.1 points to 4,713.3. ANZ put on 1.28 per cent to close at an 18-month high of 23.79 after announcing it had bought out its wealth management joint venture with ING Group for $1.86 billion.
SHANGHAI: Down 0.52 per cent. The Shanghai Composite Index, which covers both A and B shares, was down 14.71 points to 2,838.84.
SEOUL: Down 0.14 per cent. The KOSPI lost 2.40 points to close at 1,691.48. Hyundai Motor rose 4.5 per cent to 115,500 won, Kia Motors gained 3.80 per cent to 19,200 won and Hyundai Mobis rose 3.10 per cent.
TAIPEI: Up 0.29 per cent. The weighted index rose 21.00 points to 7,345.22. The financial sector led the upside on rotational buying, President Securities analyst Vickie Hsieh said.
SINGAPORE: Down 0.17 per cent. The Straits Times Index fell 4.61 points to 2,662.82. Singapore Telecommun-ications was among the losers, falling two cents to 3.14 dollars. Singapore Airlines rose six cents to 13.44 dollars.
BANGKOK: Down 0.96 per cent. The Stock Exchange of Thailand fell 6.97 points to close at 721.57. Bangkok Bank shed 2.00 baht to 119.00.
KUALA LUMPUR: Flat. The Kuala Lumpur Composite Index lost 0.67 points to close at 1,217.39. Budget carrier AirAsia slid 3.5 per cent to 1.39 ringgit as CIMB bank slipped 0.7 per cent to 11.16 ringgit.
JAKARTA: Down 0.98 per cent. The Jakarta Composite Index lost 24.32 points to 2,444.58. Car distributor Astra International lost 1.6 per cent to 31,300 rupiah, while telecommunication giant Telkom shed 1.1 per cent to 8,650.
MANILA: Down 0.56 per cent. The composite index fell 16.00 points to 2,821.34. Ayala Land Inc closed unchanged at 11.50 pesos while Philippine Long Distance Telephone Company fell 0.42 per cent to 2,385 pesos.
WELLINGTON: Down 0.61 per cent. The NXZ-50 was down 19.10 points at 3,111.15. Fisher & Paykel Appliances, which accounted for 38 per cent of the turnover, closed nine cents down at 65 cents after issuing a profit warning.
Tokyo led the way down, diving 2.64 per cent, after bucking the trend Thursday as dealers returned from a three-day break. Hong Kong lost 0.13 per cent and Shanghai 0.52 per cent. Seoul lost 0.14 per cent but Sydney rose 0.26 per cent.
TOKYO: Down 2.64 per cent. The Nikkei-225 index dropped 278.24 points to 10,265.98. Banking stocks were dragged lower, with Mizuho Financial sliding 4.3 per cent to 176 yen.
HONG KONG: Down 0.13 per cent. The Hang Seng Index lost 26.33 points at 21,024.40. HSBC fell 0.7 per cent to 88.05 Hong Kong dollars, taking 23.21 points off the broader index.
SYDNEY: Up 0.26 per cent. The S&P/ASX 200 lifted 12.1 points to 4,713.3. ANZ put on 1.28 per cent to close at an 18-month high of 23.79 after announcing it had bought out its wealth management joint venture with ING Group for $1.86 billion.
SHANGHAI: Down 0.52 per cent. The Shanghai Composite Index, which covers both A and B shares, was down 14.71 points to 2,838.84.
SEOUL: Down 0.14 per cent. The KOSPI lost 2.40 points to close at 1,691.48. Hyundai Motor rose 4.5 per cent to 115,500 won, Kia Motors gained 3.80 per cent to 19,200 won and Hyundai Mobis rose 3.10 per cent.
TAIPEI: Up 0.29 per cent. The weighted index rose 21.00 points to 7,345.22. The financial sector led the upside on rotational buying, President Securities analyst Vickie Hsieh said.
SINGAPORE: Down 0.17 per cent. The Straits Times Index fell 4.61 points to 2,662.82. Singapore Telecommun-ications was among the losers, falling two cents to 3.14 dollars. Singapore Airlines rose six cents to 13.44 dollars.
BANGKOK: Down 0.96 per cent. The Stock Exchange of Thailand fell 6.97 points to close at 721.57. Bangkok Bank shed 2.00 baht to 119.00.
KUALA LUMPUR: Flat. The Kuala Lumpur Composite Index lost 0.67 points to close at 1,217.39. Budget carrier AirAsia slid 3.5 per cent to 1.39 ringgit as CIMB bank slipped 0.7 per cent to 11.16 ringgit.
JAKARTA: Down 0.98 per cent. The Jakarta Composite Index lost 24.32 points to 2,444.58. Car distributor Astra International lost 1.6 per cent to 31,300 rupiah, while telecommunication giant Telkom shed 1.1 per cent to 8,650.
MANILA: Down 0.56 per cent. The composite index fell 16.00 points to 2,821.34. Ayala Land Inc closed unchanged at 11.50 pesos while Philippine Long Distance Telephone Company fell 0.42 per cent to 2,385 pesos.
WELLINGTON: Down 0.61 per cent. The NXZ-50 was down 19.10 points at 3,111.15. Fisher & Paykel Appliances, which accounted for 38 per cent of the turnover, closed nine cents down at 65 cents after issuing a profit warning.