Asian stocks close mixed
Friday, 8 June 2007
HONG KONG, June 7 (AFP): Asian stocks closed mixed Wednesday with overnight falls on Wall Street and uncertainty clouding the Chinese markets combining to weigh down investor sentiment.
Share prices of Hong Kong closed 0.11 per cent weaker on worries over a possible increase in local interest rates amid a rise in interbank offer rates. Dealers said the market also gave up modest gains posted in the morning as investors fretted over volatility on the mainland bourses, while Wall Street's retreat overnight added to the caution.
TOKYO: Share prices closed little changed, pausing close to three-month highs as some profit taking set in after an overnight retreat on Wall Street. Dealers said the benchmark Nikkei index had managed to hold above the key 18,000 points level but investors lacked enough positive leads to chase shares even higher after four straight trading days of gains.
TAIPEI: Share prices closed up 0.13 per cent at a seven year-high led by recent capital inflows and gains on mainland China markets. Dealers said, however, late profit taking put a lid on the earlier rally as the market closed off highs.
SHANGHAI: Share prices closed 0.24 per cent higher on bargain hunting in the wake of recent sharp falls, with the rising yuan proving favorable for property stocks. Dealers said the market extended a rebound that began Tuesday as some investors sought cheap equity plays after consecutive sharp drops sparked by the government's decision to raise the stamp duty on stocks.
SYDNEY: Share prices closed 0.53 per cent lower after stronger-than-expected growth data raised the prospect of an interest rate rise before year's end. Dealers said official data showed the Australian economy grew 1.6 per cent in the March quarter, a three-year high and well above market expectations for a 1.2 per cent expansion.
SINGAPORE: Share prices closed 0.26 per cent lower as investors consolidated gains after the market's recent surge. "The broader market is a higher, with focus on reverse takeover plays and takeover target. There are a lot of speculative plays going on, especially amongst the penny stocks," said a local brokerage dealer.
KUALA LUMPUR: Share prices closed 0.20 per cent higher, hitting a fresh record high as the rebound in China's stock markets fuelled some buying interest locally. Dealers said, however, gains were capped by weakness in some regional bourses as well as the overnight fall on Wall Street.
Share prices of Hong Kong closed 0.11 per cent weaker on worries over a possible increase in local interest rates amid a rise in interbank offer rates. Dealers said the market also gave up modest gains posted in the morning as investors fretted over volatility on the mainland bourses, while Wall Street's retreat overnight added to the caution.
TOKYO: Share prices closed little changed, pausing close to three-month highs as some profit taking set in after an overnight retreat on Wall Street. Dealers said the benchmark Nikkei index had managed to hold above the key 18,000 points level but investors lacked enough positive leads to chase shares even higher after four straight trading days of gains.
TAIPEI: Share prices closed up 0.13 per cent at a seven year-high led by recent capital inflows and gains on mainland China markets. Dealers said, however, late profit taking put a lid on the earlier rally as the market closed off highs.
SHANGHAI: Share prices closed 0.24 per cent higher on bargain hunting in the wake of recent sharp falls, with the rising yuan proving favorable for property stocks. Dealers said the market extended a rebound that began Tuesday as some investors sought cheap equity plays after consecutive sharp drops sparked by the government's decision to raise the stamp duty on stocks.
SYDNEY: Share prices closed 0.53 per cent lower after stronger-than-expected growth data raised the prospect of an interest rate rise before year's end. Dealers said official data showed the Australian economy grew 1.6 per cent in the March quarter, a three-year high and well above market expectations for a 1.2 per cent expansion.
SINGAPORE: Share prices closed 0.26 per cent lower as investors consolidated gains after the market's recent surge. "The broader market is a higher, with focus on reverse takeover plays and takeover target. There are a lot of speculative plays going on, especially amongst the penny stocks," said a local brokerage dealer.
KUALA LUMPUR: Share prices closed 0.20 per cent higher, hitting a fresh record high as the rebound in China's stock markets fuelled some buying interest locally. Dealers said, however, gains were capped by weakness in some regional bourses as well as the overnight fall on Wall Street.