Share markets volatile in Asia-Pacific<\/p>\n
TOKYO (AFP): Volatile trade marked the day for major Asia-
\nPacific bourses yesterday with Tokyo surging on the stronger yen,
\nHong Kong plunging and Australia posting a record high finish.<\/p>\n
In Tokyo, the dollar's surge against the yen drove Japanese
\nshare prices higher, as export-oriented blue chips enjoyed fresh
\nbuying, brokers said.<\/p>\n
The dollar's upswing gave market participant a cue for buying
\nof export-sensitive stocks which have been top-heavy in recent
\ntrading due to the yen's recent advance, brokers said.<\/p>\n
The key Nikkei stock average of 225 selected issues on the
\nTokyo Stock Exchange climbed 274.53 points, or 1.4 percent, to
\nend at 20,564.46.<\/p>\n
In Jakarta, share prices rose 0.3 percent on late interest in
\nselected heavyweight stocks, dealers said.<\/p>\n
\"The market has been very quiet this week so I guess today's
\ngains are likely to be unreal. It seems to me that some companies
\nwere playing around with their stocks,\" an institutional sales
\nrepresentative at PT Sassoon Securities said.<\/p>\n
The Jakarta Stock Exchange composite index closed 2.18 points
\nfirmer at 695.22.<\/p>\n
In Hong Kong, the Stock Exchange's key Hang Seng Index shed
\n497.18 points to finish at 13,924.34 -- its fifth consecutive
\nsession of losses. The index hit an all-time closing high of
\n14,990.90 on June 2.<\/p>\n
In Sydney, the Stock Exchange's key all ordinaries jumped 24.4
\npoints to 2,638.1 to beat its previous record finish of 2,628.9
\npoints reached on Tuesday.<\/p>\n
In Singapore, the Stock Exchange of Singapore's blue-chip
\nbarometer, the Straits Times Industrials index, shed 2.81 points
\nto 1,990.68.<\/p>\n
The broader All-Singapore index closed down 3.05 points to
\n491.11.<\/p>\n
In Kuala Lumpur, the Stock Exchange's 100-share weighted
\ncomposite index fell 7.84 points to 1,100.41, after reaching an
\nintra-day low of 1,088.56.<\/p>\n
In Taipei, share prices in Taiwan finished 0.1 percent lower
\nas late selling of food and banking issues eroded early gains by
\nelectrical stocks.<\/p>\n
The Taiwan Stock Exchange weighted price index declined 7.72
\npoints to 8, 259.28.<\/p>\n
In Seoul, share prices rose 1.2 percent amid strong interest
\nin the financial sector as the strengthening yen bolstered demand
\nfor export-sensitive stocks, dealers said.<\/p>\n
The Korea Stock Exchange's composite index closed up 8.87
\npoints at 774.66.<\/p>\n
In Bangkok, share prices eased 0.3 percent with investors
\nlargely sidelined on concerns about non-performing loans, which
\nfinancial companies will have to disclose in second quarter
\nreports.<\/p>\n
The broad-based Stock Exchange of Thailand (SET) index closed
\n1.64 points lower at 519.76 points while the selected SET 50
\nindex dropped 0.14 point to finish at 36.88 points.<\/p>\n
In Wellington, share prices closed 0.2 percent lower as
\ninvestors sold key blue chips including market leader Telecom
\nCorp. to lock away profits.<\/p>\n
The key New Zealand Stock Exchange 40 capital index eased 3.89
\npoints to 2, 381.08.<\/p>\n
In Shanghai, the B share index rose 0.12 point to 82.91 while
\nthe A share index for locally-traded stocks fell 8.25 points, or
\n0.6 percent, to 1,265.83.<\/p>",
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