HONG KONG: Asian markets rebounded yesterday after encouraging US data rallied Wall Street and boosted recovery optimism following last week's gloomy jobs figures in the world's biggest economy.
The Dow Jones Industrial Index reversed four straight losses to hike 1.18 per cent Monday, helped by the first signs of growth in the services sector for a year.
TOKYO: Up 0.18 per cent. The Nikkei-225 added 17.31 points to 9,691.80.
Japanese share prices staged a modest rebound a day after hitting the lowest level in almost 11 weeks.
Gains were capped by concerns about the strong yen and the prospect of increases in global interest rates, after Australia became the first advanced economy to raise interest rates since the economic crisis began.
HONG KONG: Up 1.87 per cent. The Hang Seng Index finished 382.46 points higher at 20,811.53. Blue-chip developers led gains after the Hong Kong government said the city's property transactions in September jumped 96 per cent from a year earlier.
SYDNEY: Up 0.40 per cent. The SP/ASX200 gained 18.3 points to close at 4,591.6.
The market gave up most of its early advances after the RBA's rate rise.
"The ASX 200 retreated throughout the day and closed... well off this morning's high of 4,641 after the RBA hiked interest rates by 25 basis points to 3.25 per cent," IG Markets research analyst Ben Potter said.
SEOUL: Down 0.53 per cent. The KOSPI lost 8.46 points at 1,598.44.
Analysts said the RBA move stoked fears of an earlier than expected end to the economic stimulus programme in South Korea.
TAIPEI: Up 1.32 per cent. The weighted index rose 98.07 points to 7,536.05.
The market was also helped by a stronger local currency against the US dollar, said Capital Securities trader Diana Wu.
"Some are concerned about the impact of the rising Taiwan dollar on technology companies, but other currencies ... are also rising, so it may not necessarily hurt Taiwan's competitiveness," she said.
BANGKOK: Up 1.80 per cent. The Stock Exchange of Thailand gained 12.92 points to close at 731.39.
JAKARTA: Up 1.92 per cent. The Jakarta Composite Index gained 47.73 points to 2,528.14.
MANILA: Up 2.30 per cent. The composite index gained 64.98 points to 2,884.46.
MUMBAI: Up 0.55 per cent. The 30-share Sensex rose 92.13 points to 16,958.54.-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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