Most Asian markets advance
Wednesday, 18 July 2007
HONG KONG, July 17 (AP): Most Asian markets advanced Tuesday as shares in Hong Kong gained and Taiwan stocks hit a new seven-year high. Japanese shares, meanwhile, slipped on concerns about the previous day's earthquake.
JAKARTA: Indonesia shares rose, led by gains in bank blue chips ahead of expected strong earnings in the first quarter. The Jakarta Stock Exchange Composite Index rose 15.12 points, or 0.66 per cent, to 2,301.34.
KUALA LUMPUR: Malaysian shares were lower with the Kuala Lumpur Composite Index of 100 blue chips dropping 4.03 points, or 0.29 per cent, to 1,377.48.
MANILA: Philippine shares fell a second session, led by profit-taking in blue chips, as investors raised funds for several initial public offerings. The benchmark 30-company Philippine Stock Exchange Index slid 23.58 points, or 0.60 per cent, to 3,729.68.
SEOUL: Financial markets in South Korea are closed for a public holiday. They will reopen Wednesday.
SHANGHAI: Chinese stocks rose as property firms were boosted by the stronger Chinese yuan and banks rose on a stable earnings outlook for the sector. The benchmark Shanghai Composite Index gained 74.27 points, or 1.90 per cent, to 3,896.19. The Shenzhen Composite Index of China's second, smaller bourse advanced 23.24 points, or 2.20 per cent, to 1,080.31.
SINGAPORE: Singapore's benchmark Straits Times Index closed nearly unchanged, and analysts warned of a possible late-month pullback to mirror the ones in April and May. The STI closed up just 4.1 points, or 0.10 per cent, at 3,657.3.
SYDNEY: The Australian share market edged slightly higher with gains in Rio Tinto and the banking sector helping to offset weakness in selected stocks, such as agribusiness group Futuris Corporation and uranium miner ERA. The benchmark S&P/ASX 200 index closed up 0.8 point, 0.01 per cent, at 6,381.6.
TAIPEI: Taiwan shares rose to the their highest level in seven years as traditional industry stocks showed strength. The Weighted Price Index of the Taiwan Stock Exchange rose 92.41 points, or 1.0 per cent, to close at 9,509.73.
WELLINGTON: New Zealand shares ended higher as blue chip stocks helped the market hold on to gains against downward pressure from a stronger New Zealand dollar and the prospect of higher interest rates. The benchmark NZX-50 closed up 0.40 per cent, or 18.5 points, at 4258.84.
JAKARTA: Indonesia shares rose, led by gains in bank blue chips ahead of expected strong earnings in the first quarter. The Jakarta Stock Exchange Composite Index rose 15.12 points, or 0.66 per cent, to 2,301.34.
KUALA LUMPUR: Malaysian shares were lower with the Kuala Lumpur Composite Index of 100 blue chips dropping 4.03 points, or 0.29 per cent, to 1,377.48.
MANILA: Philippine shares fell a second session, led by profit-taking in blue chips, as investors raised funds for several initial public offerings. The benchmark 30-company Philippine Stock Exchange Index slid 23.58 points, or 0.60 per cent, to 3,729.68.
SEOUL: Financial markets in South Korea are closed for a public holiday. They will reopen Wednesday.
SHANGHAI: Chinese stocks rose as property firms were boosted by the stronger Chinese yuan and banks rose on a stable earnings outlook for the sector. The benchmark Shanghai Composite Index gained 74.27 points, or 1.90 per cent, to 3,896.19. The Shenzhen Composite Index of China's second, smaller bourse advanced 23.24 points, or 2.20 per cent, to 1,080.31.
SINGAPORE: Singapore's benchmark Straits Times Index closed nearly unchanged, and analysts warned of a possible late-month pullback to mirror the ones in April and May. The STI closed up just 4.1 points, or 0.10 per cent, at 3,657.3.
SYDNEY: The Australian share market edged slightly higher with gains in Rio Tinto and the banking sector helping to offset weakness in selected stocks, such as agribusiness group Futuris Corporation and uranium miner ERA. The benchmark S&P/ASX 200 index closed up 0.8 point, 0.01 per cent, at 6,381.6.
TAIPEI: Taiwan shares rose to the their highest level in seven years as traditional industry stocks showed strength. The Weighted Price Index of the Taiwan Stock Exchange rose 92.41 points, or 1.0 per cent, to close at 9,509.73.
WELLINGTON: New Zealand shares ended higher as blue chip stocks helped the market hold on to gains against downward pressure from a stronger New Zealand dollar and the prospect of higher interest rates. The benchmark NZX-50 closed up 0.40 per cent, or 18.5 points, at 4258.84.