Falls, comebacks mark trading in Asian markets<\/p>\n
HONG KONG (AP): Asian stock markets ended the week generally
\nmixed yesterday, with share prices tumbling in South Korea but
\nrebounding both in Tokyo and Hong Kong.<\/p>\n
Prices on the Seoul Stock Exchange fell as foreigners
\ncontinued to dump stocks on fears of further problems for the
\ncountry's troubled conglomerates.<\/p>\n
Traders said some investors were also nervous over the
\nviolence in Indonesia.<\/p>\n
The Korea Composite Stock Price Index fell 6.43 points, or 1.6
\npercent, to 373.04.<\/p>\n
Tokyo's benchmark 225-issue Nikkei Stock Average gained 5.97
\npoints, or 0.04 percent, closing the week at 15,149.00. The rise
\ncame after the index had lost a total of 497.68 points over the
\nprevious three trading days, including a drop of 110.8 points, or
\n0.66 percent, on Thursday.<\/p>\n
The index moved into positive territory Friday morning after
\nhaving hit its lowest point since Jan. 14 in intraday trading the
\nprevious day.<\/p>\n
Masaru Arai, a general manager at Ryoko Securities Co., said
\nthe rise may have signaled buying from public pension funds on
\nthe orders of the Japanese Finance Ministry.<\/p>\n
Meanwhile, the dollar was quoted at 132.86 yen, down 0.30 yen
\nfrom late Tokyo trading on Thursday and also lower than its late
\nNew York rate of 133.24 yen overnight.<\/p>\n
Share prices in Hong Kong closed higher after four straight
\ndays of declines.<\/p>\n
The Hang Seng Index, the Hong Kong market's key indicator of
\nblue chips, rose 88.45 points, or 0.9 percent, closing at
\n10,060.38. On Thursday, the index had slumped 137.21 points.<\/p>\n
Brokers attributed the rise to bargain-hunting following
\nrecent sharp falls because of concerns over the economic and
\nsocial turmoil in Indonesia.<\/p>\n
They said trading was light as many investors remained wary
\nabout the future prospects of the Hong Kong market.<\/p>\n
Elsewhere:<\/p>\n
In Manila, stocks prices strengthened as markets shook off
\ntheir jitters on the last trading day before general elections,
\ntraders said.<\/p>\n
The 30-share Philippine Stock Exchange Index rose 19.99
\npoints, or nearly 1 percent, to 2,209.96, following Thursday's
\n21.16-point loss.<\/p>\n
In Kuala Lumpur, Malaysian share prices closed broadly as
\nplayers squared their positions ahead of the extended weekend,
\nwith the market closed on Monday for a Buddhist holiday. The key
\nComposite Index fell 6.78 points, or 1.1 percent, to 580.05.<\/p>\n
In Taipei, share prices closed lower for the fourth
\nconsecutive session. The market's key Weighted Stock Price Index
\nfell 79.53 points, or 1 percent, to 8,210.84.<\/p>\n
In Singapore, share prices closed mostly lower in thin
\ntrading. The Straits Times Industrials Index fell 7.75 points, or
\n0.5 percent, to 1,420.75.<\/p>\n
In New Zealand, share prices closed higher as buying in
\nforestry shares moved the index out of negative territory,
\nbrokers said. The NZSE-40 Capital Index rose 9.14 points, or 0.4
\npercent, to 2,229.69.<\/p>\n
In Australia, share prices closed lower but off earlier lows,
\nafter finance-related stocks rallied late in the session. The All
\nOrdinaries Index slipped 0.3 point to 2,780.5.<\/p>",
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