MUMBAI (Thomson Financial) - JAPAN
The Nikkei 225 Stock Average closed up 1 percent at 12,887.95 after Wall
Street rose overnight, while a weaker yen boosted interest in major exporters.
The broader Topix rose 1.2 percent to 1,263.65.
SOUTH KOREA
The KOSPI closed 1.2 percent higher at 1,525.56, after a three-day losing
streak, as investors cheered Wall Street's advance and a sharp drop in oil
prices overnight.
AUSTRALIA
The benchmark S&P/ASX 200 index closed 0.6 percent higher as Westpac Banking
Corp. and the other big banks rallied after surprisingly strong results at a big
U.S. bank helped soothe credit-market worries.
CHINA
The benchmark Shanghai Composite Index closed down 0.78 percent at 2,684.78
after the government released key economic data showing a slowing of consumer
inflation but higher producer prices.
The Shanghai A-share Index was down 0.78 percent at 2,816.02, while the
Shenzhen A-share Index fell 0.96 percent to 839.06.
The Shanghai B-share Index fell 1.10 percent to 206.63, while the Shenzhen
B-share Index rose 0.14 percent to 449.77.
TAIWAN
The weighted index closed up 3.93 percent at 6,974.51, tracking a rally on
Wall Street after further falls in oil prices and a better-than-expected
quarterly earnings report from banking major Wells Fargo.
PHILIPPINES
Manila's 30-company composite index closed up 0.8 percent at 2,393.62 as
bargain-hunters took their cue from Wall Street's strong rebound overnight
following a sharp drop in oil prices, but caution ahead of the local central
bank's decision on interest rates later in the day capped gains and kept volumes
thin.
tfn.newsdesk@thomson.com
sim/jro
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|