Asian stocks close up
Thursday, 15 November 2007
HONG KONG, Nov 14 (AFP): Asian stocks closed up Wednesday as they staged a recovery from a mauling earlier in the week, buoyed by a Wall Street surge and falling crude oil prices.
BOMBAY: Indian share prices surged to close up 4.69 per cent. The benchmark 30-share Sensex index rose 893.58 points or 4.69 per cent to 19,929.06, the second straight day of gains.
Dealers said this was the sharpest single-day point gain for the benchmark Sensex, which had slipped over six per cent last week.
TOKYO: The Tokyo Stock Exchange's benchmark Nikkei-225 index rose 372.93 points to 15,499.56. The broader Topix index of all first-section shares gained 42.98 points or 2.95 per cent to 1,497.71.
HONG KONG: Hong Kong share prices closed sharply higher, surging 4.90 per cent. The benchmark Hang Seng Index gained 1,362.66 points to close at 29,166.01, its second biggest points rally ever.
Dealers said the market was awash with money and pointed to easing concerns over the sub-prime mortgage default crisis in the US, but warned that any bad news linked to the problem could sour the market's mood again.
SHANGHAI: The Shanghai Composite Index, which covers both A and B shares, closed up 254.58 points to 5,412.69 on turnover of 88.1 billion yuan ($11.9 billion).
TAIWAN: Taiwan share prices closed 2.47 per cent higher. The weighted index closed up 215.72 points at 8,942.93 on turnover of 143.21 billion Taiwan dollars ($4.43 billion).
"The problem with today's technical rebound was that not that many people wanted to help push the upside further," said a trader at a local securities house who asked not to be named.
SEOUL: South Korean: South Korean shares closed 2.10 per cent higher as SK Telecom rallied on expectations that it is set to win the bid for broadband service provider Hanaro Telecom, dealers said.
The KOSPI index ended up 39.69 points at 1,972.58 after trading between 1,956.90 and 1,984.84. Volume was 356 million shares worth 7.7 trillion won ($8.4 billion).
SINGAPORE: In Singapore, share prices closed up 1.42 per cent. The main Straits Times Index added 49.44 points to 3,524.91.
KUALA LUMPUR: Malaysian share prices closed little changed with investors still cautious about the US economic outlook, dealers said.
The Kuala Lumpur Composite Index closed up 1.15 points at 1,384.58 on volume of 1.44 billion shares worth 1.79 billion ringgit ($534 million).
BANGKOK: In Bangkok, Thai share prices closed 0.45 per cent higher on buying of banking and property stocks.
The Stock Exchange of Thailand (SET) composite index rose 3.85 points to 861.51 and the blue-chip SET 50 index gained 3.21 points to 633.55. Turnover was 2.6 billion shares worth 18.2 billion baht ($538 million).
JAKARTA: Indonesian share prices closed 1.40 per cent higher, although gains were pared by late profit-taking, dealers said. The Jakarta Stock Exchange composite index closed up 37.66 points at 2,691.87. Volume was 5.76 billion shares worth 7.21 trillion rupiah ($782.84 million).
MANILA: Philippine share prices closed 2.30 per cent higher on Wall Street rebound. Dealers said investors in Philippines were also encouraged by the latest batch of corporate earnings and had shrugged off concerns sparked by a bomb attack at the House of Representatives late Tuesday.
The composite index rose 82.13 points to 3,681.62. The broader all-share index gained 38.66 points to 2,258.85. Volume totalled 3.2 billion shares worth 4.9 billion pesos ($113.8 million).
BOMBAY: Indian share prices surged to close up 4.69 per cent. The benchmark 30-share Sensex index rose 893.58 points or 4.69 per cent to 19,929.06, the second straight day of gains.
Dealers said this was the sharpest single-day point gain for the benchmark Sensex, which had slipped over six per cent last week.
TOKYO: The Tokyo Stock Exchange's benchmark Nikkei-225 index rose 372.93 points to 15,499.56. The broader Topix index of all first-section shares gained 42.98 points or 2.95 per cent to 1,497.71.
HONG KONG: Hong Kong share prices closed sharply higher, surging 4.90 per cent. The benchmark Hang Seng Index gained 1,362.66 points to close at 29,166.01, its second biggest points rally ever.
Dealers said the market was awash with money and pointed to easing concerns over the sub-prime mortgage default crisis in the US, but warned that any bad news linked to the problem could sour the market's mood again.
SHANGHAI: The Shanghai Composite Index, which covers both A and B shares, closed up 254.58 points to 5,412.69 on turnover of 88.1 billion yuan ($11.9 billion).
TAIWAN: Taiwan share prices closed 2.47 per cent higher. The weighted index closed up 215.72 points at 8,942.93 on turnover of 143.21 billion Taiwan dollars ($4.43 billion).
"The problem with today's technical rebound was that not that many people wanted to help push the upside further," said a trader at a local securities house who asked not to be named.
SEOUL: South Korean: South Korean shares closed 2.10 per cent higher as SK Telecom rallied on expectations that it is set to win the bid for broadband service provider Hanaro Telecom, dealers said.
The KOSPI index ended up 39.69 points at 1,972.58 after trading between 1,956.90 and 1,984.84. Volume was 356 million shares worth 7.7 trillion won ($8.4 billion).
SINGAPORE: In Singapore, share prices closed up 1.42 per cent. The main Straits Times Index added 49.44 points to 3,524.91.
KUALA LUMPUR: Malaysian share prices closed little changed with investors still cautious about the US economic outlook, dealers said.
The Kuala Lumpur Composite Index closed up 1.15 points at 1,384.58 on volume of 1.44 billion shares worth 1.79 billion ringgit ($534 million).
BANGKOK: In Bangkok, Thai share prices closed 0.45 per cent higher on buying of banking and property stocks.
The Stock Exchange of Thailand (SET) composite index rose 3.85 points to 861.51 and the blue-chip SET 50 index gained 3.21 points to 633.55. Turnover was 2.6 billion shares worth 18.2 billion baht ($538 million).
JAKARTA: Indonesian share prices closed 1.40 per cent higher, although gains were pared by late profit-taking, dealers said. The Jakarta Stock Exchange composite index closed up 37.66 points at 2,691.87. Volume was 5.76 billion shares worth 7.21 trillion rupiah ($782.84 million).
MANILA: Philippine share prices closed 2.30 per cent higher on Wall Street rebound. Dealers said investors in Philippines were also encouraged by the latest batch of corporate earnings and had shrugged off concerns sparked by a bomb attack at the House of Representatives late Tuesday.
The composite index rose 82.13 points to 3,681.62. The broader all-share index gained 38.66 points to 2,258.85. Volume totalled 3.2 billion shares worth 4.9 billion pesos ($113.8 million).