October 1, 2009

Asia Roundup: Mixed on US consumer sentiment dip

HONG KONG: Asian markets were mixed yesterday as a weaker yen and upbeat regional economic data was tempered by news that consumer confidence in the US had unexpectedly fallen.

TOKYO: Up 0.33 per cent. The Nikkei-225 index gained 33.03 points to 10,133.23.

Many investors were reluctant to chase stocks higher ahead of the Bank of Japan's Tankan survey of business confidence due today, followed by US jobs data tomorrow.

SYDNEY: Down 0.20 per cent. The SP/ASX200 dropped 9.5 points to 4,743.6.

Falls in the materials and industrial sectors were offset by buying in energy and consumer discretionary stocks, IG Markets research analyst Ben Potter said.

SHANGHAI: Up 0.90 per cent. The composite index was up 24.89 points to 2,779.43, reversing three sessions of losses.

SEOUL: Down 1.0 per cent. The Kospi ended down 16.91 points at 1,673.14.

The index rose in the morning but reports French shipping line CMA CGM could seek a moratorium on debt repayments "spurred panic selling in local shipyards, leading the Kospi to turn lower sharply," said Park Jung-Seop, an analyst at Daishin Securities.

TAIPEI: Up 1.07 per cent. The weighted index rose 79.19 points to 7,509.17.

The market opened slightly higher and gained momentum as investors continued to push semiconductor shares up after Economic Minister Shih Yen-hsiang said the government may ease curbs on high-tech investment in China.

BANGKOK: Up 0.25 per cent. The composite index gained 1.78 points to close at 717.07 and the blue-chip SET-50 index edged up 0.88 points to 511.82.

JAKARTA: Up 1.0 per cent. The composite index rose 23.76 points to 2,467.59.

Sentiment was helped by local buying in most bank and automotive blue chips amid hopes for mild September inflation figures.

MANILA: Down 0.23 per cent. The composite index fell 6.50 points to 2,800.82 while the all-share index slipped 0.07 per cent to 1,787.09.

"Local investors are still liquidating some of their holdings for rebuilding efforts. We'll probably see more of this in the coming days," Joseph Roxas of Eagle Equities told Dow Jones Newswires.

MUMBAI: Up 1.63 per cent. The 30-share Sensex index rose 273.93 points to 17,126.84, a level last seen in May 2008. - AFP

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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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