Published: 2009/09/12
HONG KONG: Asian markets finished the week on a high as positive data out of China yesterday pointed to strong growth for the economic giant, while US figures also gave cause for optimism.
Beijing said it was set to post its targeted 8 per cent growth this year as data suggested its massive stimulus was paying off.
TOKYO: Down 0.66 per cent. The Nikkei-225 dropped 69.34 points to 10,444.33.
The market was weighed by a stronger yen and news that Japan's economy grew more slowly than previously thought in the second quarter.
Exporters suffered as the yen rose to 90.98 to the US dollar in late Tokyo trade - the highest since mid-February.
Political uncertainty deterred buying ahead of the launch of a new government next week, led by the centre-left Democratic Party of Japan.
SYDNEY: Up 0.55 per cent. The S&P/ASX 200 climbed 25.3 points to 4,596.1.
"It looks like the market has really turned around," said Burrell Stockbroking adviser Daniel Manley.
SHANGHAI: Up 2.22 per cent. The Shanghai Composite Index, which covers A and B shares, was up 64.91 points to 2,989.79.
Analysts said they were optimistic that the stockmarket would remain strong in the short term, as yesterday's data showed signs of continued recovery.
SEOUL: Up 0.43 per cent. The KOSPI added 7.02 points at 1,651.70.
Financial stocks were mostly higher on hopes of improved earnings results in the second half, amid signs of worldwide economic recovery.
TAIPEI: Flat. The weighted index rose 5.06 points or 0.07 per cent to 7,337.14.
BANGKOK: Up 0.67 per cent. The Stock Exchange of Thailand rose 4.72 points to close at 707.81.
JAKARTA: Up 0.17 per cent. The Jakarta Composite Index added 4.08 points to 2,415.94.
MANILA: Up 1.23 per cent. The composite index added 34.92 points to 2,870.83. "The US market broke out so this market has a chance to see if it can test higher resistance levels," said Nestor Aguila of DA Market Securities.
MUMBAI: Up 0.29 per cent. The 30-share Sensex rose 47.44 points to 16,264.30. - AFP
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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