Regional stocks up on currency gains<\/p>\n
HONG KONG (AFP): Asian stock markets were mixed yesterday with
\nsome Southeast Asian markets rising on improved currency
\npositions, but major markets in Japan and Hong Kong both fell.<\/p>\n
Hong Kong share prices dived 3.8 percent following heavy
\nlosses on Wall Street, dealers said.<\/p>\n
The Stock Exchange of Hong Kong's key Hang Seng Index lost
\n565.40 points to finish at 14,273.12.<\/p>\n
In Tokyo, Japanese share prices closed 1.4 percent lower, with
\nrenewed futures-linked selling accelerating the pace of declines
\nafter buying support from pension funds ran out steam, brokers
\nsaid.<\/p>\n
The Nikkei Stock Average of 225 leading issues on the Tokyo
\nStock Exchange fell 242.26 points to finish at 17,376.92 while
\nthe Topix index of all issues on the first section was down 17.72
\npoints at 1,360.24.<\/p>\n
In Singapore, the blue-chip index closed 1.1 percent lower
\nfollowing the release of disappointing manufacturing figures for
\nAugust and Wall Street's sharp fall.<\/p>\n
The Straits Times Industrials index of leading shares on the
\nStock Exchange of Singapore closed 20.57 points lower at
\n1,861.46. The broader-based All-Singapore Index was down 4.66
\npoints at 454.55.<\/p>\n
In Sydney, the Australian Stock Exchange's main indicator, the
\nall ordinaries index, lost 46.2 points to 2,722.2.<\/p>\n
In Kuala Lumpur, Malaysia's key stock index closed 1.4 percent
\nlower yesterday on profit-taking despite a further recovery in
\nthe local currency.<\/p>\n
\"The ringgit's continued strength remained a plus factor but
\nafter a 4.1 percent rise yesterday, a slight correction was only
\nexpected,\" said a senior dealer with a local brokerage.<\/p>\n
The Kuala Lumpur Stock Exchange's 100-share weighted composite
\nindex fell 11.66 points to end at 824.94, after having reached an
\nintra-day low of 820. 70 points and a high of 842.32 points.<\/p>\n
In Taipei, the Taiwan Stock Exchange weighted price index rose
\n206.05 points to 8,461. 87.<\/p>\n
In Seoul, share prices closed 0.2 percent lower on the Korea
\nStock Exchange as investors went bargain-hunting for large-
\ncapitalization shares in the late afternoon, dealers said.<\/p>\n
The composite index closed down 1.08 points at 609.36.<\/p>\n
In Bangkok, Thai share prices rose 0.7 percent yesterday after
\na rebound in major banks, despite concerns about how small and
\nmedium-sized institutions will fare under an upcoming
\nrehabilitation plan, analysts said.<\/p>\n
The composite Stock Exchange of Thailand (SET) index was up
\n3.64 points at 528.25, while the selected SET 50 index gained
\n0.40 points to finish at 39.79.<\/p>\n
In Manila, Philippine share prices rose 3 percent on a
\ntechnical rally and lower interest rates, analysts said.<\/p>\n
\"This is just a technical rally as the market has been
\noversold in the past few days,\" said Paul de Vera of Amsteel
\nSecurities.<\/p>\n
The Philippine Stock Exchange index rose 58.67 points to
\n2,005.50.<\/p>\n
In Shanghai, the B shares dropped 1.15 points to close at 73.
\n02 points while the A share index of domestically-traded shares
\nfell 12.8 points, or 1.1 percent, to close at 1,173.12 points.<\/p>\n
In Wellington, the NZSE-40 capital index closed 5.18 points
\nhigher at 2596.92 on a turnover of NZ$75.4 million (US$47.5
\nmillion).<\/p>\n
In Frankfurt, the DAX index ending the day 2.16 percent lower,
\nat 4,253.26 points, down from 4,347.24 points Wednesday.<\/p>\n
In Paris, the CAC-40 index of leading shares was down 1.57
\npercent in midafternoon trading at 2,976.67 points.<\/p>\n
In London, the FT-SE 100 index of leading shares fell by 57
\npoints to 5,205. 1 points in early afternoon trade yesterday.<\/p>",
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