MUMBAI (Thomson Financial) - JAPAN
Nikkei closed 2.48 points down at 12,480.09 after a volatile session as
investors waited for clearer leads on the US economy and were disappointed by
data showing that business confidence fell to a four-year low.
The broader Topix index closed 0.3 percent higher at 1,224.15.
SOUTH KOREA
The Kospi index closed up 0.6 percent at 1,655.30 extending a solid rally
for the fifth straight day as investors detected signs that the worst of the US
credit crisis has passed.
CHINA
The benchmark Shanghai Composite Index closed down 4.49 pct at 3,626.19 as
fund mangers cut positions in large caps such as PetroChina amid redemption
pressure.
The Shanghai A-share Index closed 4.51 pct down at 3,804.83 and the Shenzhen
A-share Index ended down by 3.28 pct at 1,193.83.
The Shanghai B-share Index closed 0.81 pct lower at 259.31 and the Shenzhen
B-share Index closed 1.25 pct lower at 544.32.
TAIWAN
The weighted index closed up by 3.99 pct at 8,865.35 as investors cheered
opposition candidate Ma Ying-jeou's victory in Taiwan's presidential election
over the weekend. Gains were spread across the board, but dealers noted that
tourism and construction firms outperformed on hopes for more China-related
business following the election.
Kuomintang party's Ma trounced Frank Hsieh of the ruling Democratic
Progressive Party (DPP) in a campaign centred on improving relations with China
and reviving the island's faltering economy.
PHILIPPINES
The 30-company composite index closed 1.8 percent higher at 2,867.50 as
bargain hunters stepped in, but trading was light as worries about the US
economy continued to hound investors returning from a four-day Easter break.
AUSTRALIAN MARKETS WERE CLOSED FOR THE EASTER HOLIDAY.
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