Asia's major markets crawl back<\/p>\n
HONG KONG (AFP): Asian markets performed a slight rebound
\nyesterday after plummeting on Wall Street's lead the previous
\nday, brokers said.<\/p>\n
Investors in Tokyo, Hong Kong and Singapore pushed up the
\nmarkets but remained cautious on fears of Wall Street further
\n\"losing steam,\" a broker said.<\/p>\n
Markets in Indonesia, Malaysia and the Philippines ended lower
\nyesterday on poor market sentiment, while Shanghai was also lower
\non thin trading.<\/p>\n
In Jakarta, share prices closed 0.2 percent lower yesterday as
\npolitical concerns kept investors cautious and amid a lack of
\nincentives, dealers said.<\/p>\n
The Jakarta Stock Exchange composite index closed down 1.13
\npoints at 650. 88 points.<\/p>\n
In Tokyo, share prices rebounded yesterday with the key
\nbarometer closing 0.9 percent higher on bargain-hunting and
\nfutures-led buying after the market reeled under the Japanese
\nyen's rally against the U.S. dollar.<\/p>\n
The Nikkei Stock Average of 225 leading issues rose 167.71
\npoints to finish at 18,037.30 for the first daily gain in five
\nsessions.<\/p>\n
In Hong Kong, share prices gained 0.5 percent in cautious
\ntrading yesterday on the heels of Wall Street gains, dealers
\nsaid.<\/p>\n
\"With no fresh incentives, the market is trading behind Dow
\nJones,\" said Hay Woo, a dealer with Sassoon Securities.<\/p>\n
The key Hang Seng Index rose 62.13 points to finish at
\n12,136.32, after losing 3.67 percent, or 460.13 points, to
\n12,074. 19 on Tuesday -- its biggest one-day decline since March
\n11, 1996.<\/p>\n
In Singapore, blue-chip stock index ended 0.7 percent higher
\nyesterday on foreign buying of largely government-linked
\ncounters.<\/p>\n
The Stock Exchange of Singapore's benchmark Straits Times
\nIndustrials index rose 15.14 points to end at 2,089.81 while the
\nbroader All-Singapore index added 2.42 points to 518.46.<\/p>\n
In Sydney, the Australian Stock Exchange's key barometer, the
\nall ordinaries index, finished 3.0 points higher at 2,355.2.<\/p>\n
In Kuala Lumpur, the stock Exchange's 100-share weighted
\ncomposite index fell 6.7 points to 1,181.07. The lesser second
\nboard index dipped 13.29 points, or two percent, to 636.43.<\/p>\n
In Bangkok, the Stock Exchange of Thailand broad-based index
\nclimbed 21.90 points to 716.64 points. The SET-50 index of
\nselected counters closed 2.14 points higher at 716.64 points.<\/p>\n
In Seoul, share prices closed 0.9 percent higher on the Korea
\nStock Exchange Wednesday, with core blue chips attracting buying
\nin the run-up to an expansion of the foreign shareholding limit
\non May 1, dealers said.<\/p>\n
In Wellington, the stock Exchange's key capital 40-share index
\nrose 10.78 points to 2,218.26.<\/p>\n
In Taipei, the stock exchange weighted price index advanced
\n40.48 points to 8, 203.89.<\/p>\n
In Manila, share prices fell 0.3 percent yesterday on
\nsluggish trade in the absence of news to move the market,
\nanalysts said.<\/p>\n
The Philippine Stock Exchange fell 9.58 points to 3,162.21.<\/p>\n
In Shanghai: the stock exchange's B share index fell 0.12
\npoints to close at 73.06 points. The A share index of
\ndomestically-traded shares fell 7.66 points, or 0.6 percent, to
\n1,292.73.<\/p>",
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