Seoul stocks react positively to Roh's arrest<\/p>\n
HONG KONG (Reuter): Seoul stocks rebounded across the board
\nyesterday as the market reacted to the arrest of former president
\nRoh Tae-woo on bribery charges.<\/p>\n
Elsewhere in Asia, shares ended mixed yesterday, with Tokyo
\ngaining 1.18 percent and Hong Kong ending nearly 80 points lower
\nafter a day of wide swings.<\/p>\n
In Seoul, brokers said investors bargain-hunted shares that
\nhave fallen sharply in the last four days but trading was light.<\/p>\n
The composite stock index closed up 18.41 points, or 1.97
\npercent, at 952.36.<\/p>\n
In Tokyo, stocks ended higher on index-linked buying on the
\nback of gains in futures markets. Growing hopes that big banks
\nwill cut bad loans dramatically supported gains, after a report
\nthat Fuji Bank will post losses in 1995\/96 to write off such
\nloans, brokers said.<\/p>\n
The 225-share Nikkei closed up 211.64 points or 1.18 percent
\nat 18,151.16.<\/p>\n
In Hong Kong, stocks repeated Thursday's pattern of swinging
\nfrom smart early gains to close sharply lower in thin trading,
\nplayers said.<\/p>\n
The blue-chip Hang Seng Index slid 79.75 points to end at
\n9,287.90, after briefly breaching the 9,400 level in early trade
\non Wall Street's continued bull run.<\/p>\n
In Singapore, shares closed lower in anemic trade with
\ninstitutions mostly sidelined.<\/p>\n
The 30-share Straits Times Industrials Index (STII) fell 11.88
\npoints to end at its day's low of 2,077.41. Volume was 110.79
\nmillion shares, with losers leading gainers 188 to 86.<\/p>\n
In Kuala Lumpur, share prices ended softer as continued
\nselling pressured the benchmark Kuala Lumpur Stock Exchange
\n(KLSE) composite index through the day.<\/p>\n
The index ended down 5.13 at 888.91. Volume was an estimated
\n75.4 million shares.<\/p>\n
In Bangkok, the Thai bourse staged a slight comeback after
\nrecently hitting a new 6-1\/2-month low and closed 1.8 percent
\nhigher amid buying of blue-chip stocks in the banking and finance
\nsectors, brokers said.<\/p>\n
The SET index rose 21.56 points to 1,196.18. Gainers
\noverwhelmed decliners 267 to 58 while 69 issues were unchanged.<\/p>\n
In Manila, the index ended 27.33 points or 1.19 percent lower
\nat 2,264.08, just above its year low of 2,262.94 posted March.<\/p>\n
In Sydney, the All Ordinaries index finished 13.6 points
\nhigher at 2119.70.<\/p>\n
In Taipei, the index ended down 73.20 points or 1.58 percent
\nat an intraday low of 4,566.08.<\/p>\n
The Financial Times-Stock Exchange index of 100 leading
\nBritish shares had fallen 1.8 points to 3,609.0.<\/p>\n
In Paris, the CAC-40 share index dropped 6.46 to 1,898.68.<\/p>\n
The 30-share DAX index in Frankfurt was down 2.72 at 2,200.72.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/seoul-stocks-react-positively-to-rohs-arrest-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }