Tokyo and Hong Kong post modest gains<\/p>\n
HONG KONG (Agencies): Tokyo and Hong Kong shares posted modest
\ngains yesterday Friday but several other Asian bourses moved more
\ndramatically.<\/p>\n
Thailand, Taiwan, Jakarta and Kuala Lumpur added more than one
\npercent but Seoul and Bombay were heavy losers, the Indian market
\ndown 2.50 percent on disappointing company results.<\/p>\n
Brokers said Tokyo trading was cautious and mostly
\ndirectionless ahead of next Wednesday's Bank of Japan \"tankan\"
\nsurvey of business sentiment.<\/p>\n
The key Nikkei 225 average was up 72.77 points or 0.34 percent
\nto finish at 21,216.11, its highest level for the day. Aggressive
\ninvestor buying, which lifted the Nikkei average earlier this
\nweek, withered and brokers expect range-bound trade next week,
\nbrokers said.<\/p>\n
In Jakarta, share prices closed 1.6 percent higher on Friday
\nin active trade on the back of a technical rebound of selective
\nheavyweight stocks and rumor-driven buying of second tier stocks
\nby local investors.<\/p>\n
\"The market was hectic. Some counters rebounded on technical
\n(reasons) but there was some crazy buying on the back of wild
\nrumors, including those over Barito Pacific, Matahari and Hero,\"
\nsaid a dealer with a major foreign brokerage.<\/p>\n
The Jakarta Stock Exchange composite index rose 9.88 points at
\n612.86 points.<\/p>\n
The Kuala Lumpur Stock Exchange's 100-share weighted composite
\nindex surged 12.24 points to 1,217.96. The second board fell
\n12.15 points, or two percent, to 610.74.<\/p>\n
In Hong Kong, share prices rose 0.1 percent on selective
\nbuying on conglomerates with rental office properties, dealers
\nsaid.<\/p>\n
The Stock Exchange of Hong Kong's key Hang Seng Index gained
\n17.23 points to finish at 13,116.79.<\/p>\n
In Singapore, blue-chip share prices closed marginally lower
\non mild profit-taking as institutional investors stayed on the
\nsidelines ahead of the weekend.<\/p>\n
The Stock Exchange of Singapore's blue-chip barometer, the
\nStraits Times Industrials index, ended 2.94 points, or 0.1
\npercent, lower at 2,194.75 as it continued to meet resistance at
\nthe 2,200-point level.<\/p>\n
In Thailand, the SET Index closed 14.95 points up, or 1.56
\npercent, to 970.30.<\/p>\n
Taiwan's weighted index closed 68.90 points higher at
\n6,761.39, its highest finish since January 11, 1995.<\/p>\n
Bombay, the benchmark stocks index dropped 75.83 points to a
\nprovisional close of 2967.47.<\/p>\n
In London, the Financial Times-Stock Exchange index of 100
\nleading British shares was up 20.4 points at 3,974.2.<\/p>\n
In Paris, the CAC-40 share index was down 4.48 points at
\n2,229.09.<\/p>\n
In New York, stocks edged lower Thursday as investors took
\nprofits, bonds fell and the dollar ended mixed.<\/p>\n
After setting November's 10th record high on Wednesday, the
\nDow Jones industrial average slipped 11.55 points to 6,418.47. In
\nthe broader market, advancing issues edged declines, 1,198 to
\n1,195, on heavy volume of about 468.7 million shares on the New
\nYork Stock Exchange.<\/p>",
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