Regional stocks mixed as currencies suffer<\/p>\n
HONG KONG (AFP): Stock markets across the Asia-Pacific region
\nwere mixed Tuesday as currencies took a pounding.<\/p>\n
Local buying support kept the Malaysian bourse strong as the
\nringgit fell to a record low. Manila's shares slipped only 0.1
\npercent, on sluggish trade with dealers saying they expected the
\npeso, which hit a new low, to remain unstable.<\/p>\n
In Tokyo, Japanese share prices closed 0.6 percent lower as
\nlate futures-led arbitrage selling reversed earlier gains on
\npublic fund buying, brokers said.<\/p>\n
The 225-issue Nikkei Stock Average, the key barometer of the
\nTokyo Stock Exchange, shed 99.50 points to end the session at
\n17,887.71. But the broader Topix index of all issues on the first
\nsection edged up 2.68 points to 1,388. 32.<\/p>\n
In Hong Kong, share prices rose 1.2 percent in quiet pre-
\nholiday trading, dealers said.<\/p>\n
The key Hang Seng Index gained 184.93 points to finish at
\n15,049.30 -- its highest in a month after five consecutive
\nsessions of gains.<\/p>\n
In Singapore, blue-chip stock prices ended 1.0 percent higher
\non good demand, especially for local bank counters.<\/p>\n
The benchmark Straits Times Industrials index rose 19.93
\npoints to end at 1,954.68, while the broader All-Singapore index
\nwas up 6.72 points to 479.15.<\/p>\n
In Sydney, the all ordinaries index, slipped 7.7 points to
\n2,766.9.<\/p>\n
The all industrials index fell 26.5 points to 4,551.8, while
\nthe all resources index gained 8.6 points to 1,362.2.<\/p>\n
In Kuala Lumpur, the key stock index ended 0.7 percent higher
\non local buying support despite the ringgit's freefall to new
\nrecord lows.<\/p>\n
The 100-share weighted composite index rose 5.50 points to
\n814.57, after hitting an intra-day low of 802.51 points.<\/p>\n
In Bangkok, Thai share prices dropped 0.9 percent as central
\nbank data came out in line with expectations and investors held
\nout for details of a planned restructuring of the finance sector,
\nanalysts said.<\/p>\n
The composite Stock Exchange of Thailand (SET) index was off
\n4.94 points at 544.54 points, while the selected SET 50 index
\ndropped 0.47 points at 41. 06.<\/p>\n
In Manila, Philippine share prices fell 0.1 percent in
\nsluggish trade due to the absence of market-moving news.
\n"We're still in uncertain times. It's boring trading," said Jose
\nRicardo Garcia of Diversified Securities Inc.<\/p>\n
The Philippine Stock Exchange index shed 1.76 points to close
\nat 2,057.39.<\/p>\n
In Seoul, the composite index closed up 22.04 points at
\n647.11. Volume stood at 32.7 million shares worth 415.6 billion
\nwon (456 million dollars).<\/p>\n
In Shanghai, the B share index dropped 0.31 points to close at
\n76.31 points. The A share index of domestically-traded shares
\nrose 14.45 points, or 1.3 percent, to close at 1,144.66 points.<\/p>\n
In Taipei, the Taiwan Stock Exchange weighted price index slid
\n120.55 points to 8,708. 83.<\/p>\n
In Auckland, the New Zealand stock exchange closed up 0.1
\npercent on turnover of NZ$69.4 million (US$44.5 million), with
\nthe NZSE-40 rising by 3.45 to 2,557.08.<\/p>",
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