Asian stock markets post muted gains
Tuesday, 29 June 2010
BANGKOK, June 28 (AP): Asian stock markets have mostly posted muted gains as investors search for fresh cues after a flat session on Wall Street and a pledge by world leaders to reduce budget deficits.
Hong Kong's Hang Seng index climbed 0.2 per cent Monday and benchmarks in South Korea, Taiwan, India, Indonesia and Singapore also posted mild gains.
Elswhere, Japan's Nikkei 225 stock average fell 34.63 points, or 0.3 per cent to 9,693.94 as a strong yen weakened exporters.
Australia's S&P/ASX 200 lost 0.7 per cent and the Shanghai Composite index shed 0.7 per cent on concern this week's huge IPO by state-owned Agricultural Bank of China Ltd might depress prices.
In currencies, the dollar gained to 89.42 yen from 89.33 late Friday. The euro fell to $1.2364 from $1.2371.
Hong Kong's Hang Seng index climbed 0.2 per cent Monday and benchmarks in South Korea, Taiwan, India, Indonesia and Singapore also posted mild gains.
Elswhere, Japan's Nikkei 225 stock average fell 34.63 points, or 0.3 per cent to 9,693.94 as a strong yen weakened exporters.
Australia's S&P/ASX 200 lost 0.7 per cent and the Shanghai Composite index shed 0.7 per cent on concern this week's huge IPO by state-owned Agricultural Bank of China Ltd might depress prices.
In currencies, the dollar gained to 89.42 yen from 89.33 late Friday. The euro fell to $1.2364 from $1.2371.