MUMBAI (Thomson Financial) - AUSTRALIA
The benchmark S&P/ASX 200 closed up 0.5 percent at 5,730.3, extending
Friday's gains to take the market to its highest level since late February on
broad buying led by the resources sector.
The broader All Ordinaries index ended up 0.7 percent at 5,797.7.
CHINA
The benchmark Shanghai Composite Index finished higher 1.84 percent at
3,761.01, on follow-through interest after the key index jumped nearly 5 pct in
the previous session.
A finding by regulators that market liquidity is under less pressure than
earlier believed was also taken as a positive sign by investors.
The Shanghai A-share Index rose 1.84 percent to 3,946.45, while the Shenzhen
A-share Index was up 2.97 percent at 1,186.83.
The Shanghai B-share Index was up 1.95 percent at 266.41 while the Shenzhen
B-share Index rose 1.12 percent to 578.52.
TAIWAN
The weighted index closed down 1.41 percent at 8,837.07, as a weaker Taiwan
dollar hit financial and other asset-backed stocks.
Cathay Financial Holdings led the financial sector lower as its insurance
unit's embedded value growth also fell short of market expectations.
Many investors were on the sidelines waiting for Ma Ying-jeou to take over
as Taiwan's president on May 20 and turn his campaign promises of better
relations with China into concrete initiatives.
PHILIPPINES
The Manila's composite index rose 1.1 percent to close at 2,752.93, as
investors chased bargains across the board, with market heavyweights Philippine
Long Distance Telephone Co. and Globe Telecom Inc. rebounding ahead of their
quarterly results.
The market's upturn from an 18-month low mirrored receding concerns about
the US economy, with the April payrolls report released on Friday coming in
better than expected. The latest non-farm payroll data showed 20,000 jobs were
lost in April, much less than the expected loss of 75,000 jobs.
JAPAN'S FINANCIAL MARKETS CLOSED FOR NATIONAL HOLIDAY.
SKOREAN FINANCIAL MARKETS CLOSED FOR CHILDREN'S DAY.
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