Asian stock markets post modest gains<\/p>\n
HONG KONG (AFP): Asian stock markets ended with modest gains
\nTuesday on buying triggered by hopes of easing interest rates and
\npositive sentiment fueled by the overnight rise on Wall Street.<\/p>\n
The Tokyo Stock Exchange was closed for a holiday, but markets
\nelsewhere in the region extended recent gains, with Hong Kong
\nputting on 1.9 percent on an influx of foreign funds.<\/p>\n
Late profit-taking however trimmed some of Tuesday's gains off
\nmost regional stock indices.<\/p>\n
Singapore and Sydney ended barely higher, Bangkok rose 2.5
\npercent, Manila advanced 2.7 percent and Jakarta firmed 3.2
\npercent. Kuala Lumpur rose 0.5 percent.<\/p>\n
Hong Kong share prices benefited from buying by foreign funds
\nfollowing the overnight gain on Wall Street, dealers said.<\/p>\n
"The market is up because of new money coming in from US and
\nEuropean institutions," said Ricky Tam, research head at Delta
\nAsia Securities, adding the buying was centered on China-linked
\nstocks.<\/p>\n
The key Hang Seng index gained 188.44 points to close at
\n10,358.52 -- its fifth consecutive gain.<\/p>\n
HSBC Securities technical analyst Ted Chen said he believed
\nmomentum in the blue chips had still some way to go, with at
\nleast a further 10-percent gain in the Hang Seng index likely
\nbefore a correction takes hold.<\/p>\n
In Sydney, the Australian Stock Exchange's benchmark All
\nOrdinaries index closed 3.1 points higher at 2,675.6.<\/p>\n
In Singapore, the Straits Times Index (STI) gained 0.33 points
\nto 1,263.47. The broader All-Singapore index fell by 2.23 points
\nto 355.93.<\/p>\n
In Kuala Lumpur, the KLSE composite index rose 2.13 points to
\nend at 421.91, off an earlier high of 431.64 points.<\/p>\n
In Bangkok, the Stock Exchange of Thailand (SET) main index
\ngrew 8.23 points to 343.16, while the SET 50 selected index added
\n0.72 points to 24.85.<\/p>\n
In Manila, the Philippine Stock Exchange index gained 46.60
\npoints to 1,801.64.<\/p>\n
In Seoul, the Korea Stock Exchange composite index closed up
\n3.03 points -- or just 0.7 percent -- at 407.64, off a high of
\n416.10.<\/p>\n
In Taipei, the Taiwan Stock Exchange weighted price index fell
\n146.65 points to 7,071.44, following a 0.7 percent rise in the
\nprevious session.<\/p>\n
In Shanghai, the B-share index gained 0.73 points to close at
\n33.68 points, while the A-share index of locally traded stocks
\nclimbed 14.08 points, or 1.1 percent, to 1,314.40 points.<\/p>\n
In Auckland, the NZSE-40 rose 10.24 points to 1959.98.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/asian-stock-markets-post-modest-gains-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }