Tokyo stocks rebound in lean trading
Tokyo stocks rebound in lean trading
TOKYO (Agencies): Relief at a lower-than-expected drop on Wall Street carried over to Japan yesterday helping propel stock prices up sharply in meager trading.
The key Nikkei average of 225 selected issues zoomed up 440.99 points -- 2.3 percent -- to 19,563.21 after shedding 154.94 points Monday.
The broader-based Tokyo Stock Price Index, which trimmed 10.80 points Monday, closed at 1,588.83 leaping 28.45 points.
In Singapore, the blue-chip Straits Times Industrials index recovered 22.37 points to close at 2,061.49 points yesterday.
The broader-based SES All-Singapore index gained 6.72 points to finish at 530.01 points.
In Bangkok, share prices increased slightly in anemic trading on the Thai stock market.
The Stock Exchange of Thailand (Set) index, which plunged 35.94 points Monday, gained 5.36 points to close at 1,201.95.
In Sydney, Australian stocks plunged almost two percent in the first hour of trading as investors trembled at the prospect of higher interest rates and weak fixed interest markets, brokers said.
The market's key barometer, the All Ordinaries index tumbled 40.5 points, or 1.97 percent, from the last close on Thursday before the Easter holiday to 2,012.6 points.
The London and Paris stock markets were weak during the first part of yesterday's session, in the wake of Wall Street losses and worries about rising U.S. interest rates.
In London after a four-day Easter break, the Footsie index lost 32.9 points or 1.06 points in the first part of yesterday's morning session to stand at 3,053.5 points.
The narrower Financial Times 30 index was at 2,417.6, down 21.5 points. Trading volume was down with 130.9 million shares changing hands by mid-morning, compared with 221.1 million shares at the same time Thursday.
In Paris the Bourse's CAC 40 index stood in mid-morning at 2,069.47 points, off 0.6 percent as trading continued on both markets.
In New York, the blue chip stocks fell again Monday, but Wall Street avoided a plunge following rises in long term interest rates and a strong jobs report on Friday, when the stock market was closed.
The Dow Jones index of 30 leading industrials closed at 3,593.35, down 42.61 points (minus 1.17 percent).
On the broader New York Stock Exchange, trading was active with 345 million shares changing hands. Losers outnumbered winners 2,108 to 371, while 324 shares were unchanged.