Asian stock markets recover some losses<\/p>\n
SINGAPORE (AFP): Asian stocks closed generally higher
\nyesterday, reversing the previous day's losses and surprising
\nsome brokers due to continued uncertainty about Indonesia.<\/p>\n
Singapore's benchmark stock index ended 1.0 percent firmer but
\noff its highs on bargain hunting and stable regional currencies.<\/p>\n
The key Straits Times Industrials index of the Stock Exchange
\nof Singapore climbed 15.35 points to end at 1,496.90 while the
\nbroader All-Singapore index rose 10.16 points to 401.52.<\/p>\n
\"The blue chips staged a bit of a rebound today. I was
\nsurprised given the situation especially in Indonesia,\" a dealer
\nwith a local stock brokerage said, referring to market jitters
\nover Jakarta's plan to adopt a currency board system to manage
\nthe rupiah.<\/p>\n
In Tokyo, Japanese share prices ended barely higher, as market
\nparticipants were hesitant to take large positions ahead of the
\nweekend Group of Seven (G-7) financial meeting.<\/p>\n
The Nikkei stock average on the Tokyo Stock Exchange rose
\n15.19 points to end at 16,790.71, as a late rally in futures
\npushed the key index into a positive territory near the close.<\/p>\n
In Hong Kong, share prices rose 1.1 percent to end five
\nconsecutive sessions of loss amid selective bargain hunting.<\/p>\n
The key Hang Seng index gained 108.00 points to close at
\n10,232.03, after losing 150.57 points previous day.<\/p>\n
In Kuala Lumpur, Malaysia's key stock index closed 3.4 percent
\nhigher, led by financial counters after the central bank
\nreiterated the banking system remained solid.<\/p>\n
The Kuala Lumpur Stock Exchange's 100-share weighted composite
\nindex rose 28.89 points to finish at 690.83.<\/p>\n
In Australia the stock exchange's main indicator, the All
\nOrdinaries index, rose 35.8 points to 2,657.0.<\/p>\n
In Bangkok, the Stock Exchange of Thailand closed 3.8 percent
\nhigher, analysts saying the market was boosted by retail trade
\nfrom local investors encouraged by the stronger baht, but they
\nwarned of more volatility ahead.<\/p>\n
The Stock Exchange of Thailand (SET) composite index rose
\n18.47 points to close at 502.53, while the SET 50 selected index
\nadded 1.59 points to end at 38.10.<\/p>\n
In Taipei, Taiwan share prices closed 0.8 percent higher on
\nstrong buying of technology issues, dealers said, despite the
\ncrash of a China Airlines jet which killed 203 people including
\nTaiwan central bank governor Sheu Yuan-dong.<\/p>\n
The Taiwan Stock Exchange weighted price index rose 73.80
\npoints to 8,782. 09.<\/p>\n
In Seoul, share prices closed 1.1 percent down but off their
\nlows on the Korea Stock Exchange, extending a seven-day losing
\nstreak on liquidity worries and the plunge of the won.<\/p>\n
The composite index closed down 5.25 points at 471.73, off a
\nmorning low of 462.26.<\/p>\n
In Manila, Philippine share prices closed 1.6 percent higher.<\/p>\n
The Philippine Stock Exchange composite index rose 32.8 points
\nto close at 2,055.53 points.<\/p>\n
In Shanghai, the B share index rose 0.97 points to 53.57
\npoints while the A share index of locally-traded stocks rose 1.99
\npoints, or 0.15 percent, to 1,307.42 points.<\/p>\n
In New Zealand, the stock exchange closed down 0.1 percent
\nwith the NZSE-40 index losing 3.4 points to 2286.99 on turnover
\nof NZ$64.6 million.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/asian-stock-markets-recover-some-losses-1447893297",
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"sponsor": "Okusi Associates",
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