HONG KONG: Asian shares fell yesterday as sellers moved in following several days of gains last week, while traders also sat on the sidelines as the third-quarter earnings season gets under way.
The losses followed strong advances over the previous five sessions and came despite a rise in the Dow Jones Industrial Average to 2009 highs on Friday.
Tokyo was closed for a public holiday.
SYDNEY: Down 0.28 per cent. The S&P/ASX 200 dropped 13.1 points to close at 4,739.8.
"It was the financials sector which single-handedly dragged the market into the red today," IG Markets research analyst Ben Potter said. "Investors chose to ignore a sector-wide upgrade from JPMorgan and locked in some profits."
SHANGHAI: Down 0.59 per cent. The composite index lost 17.23 points to 2,894.48.
"The supply pressure coming from a wave of fund-raising is quite heavy, despite increasing demand from institutional investors," Huatai Securities analyst Chen Huiqin said.
SEOUL: Down 0.42 per cent. The Kospi ended down 6.98 points at 1,639.81.
Lee Jin-Woo, an analyst at Mirae Asset Securities, said sentiment was not bad and the market merely took a breather after Friday's big gain.
TAIPEI: Up 0.37 per cent. The weighted index rose 27.92 points to 7,599.88.
Rotational buying was active with old-economy stocks in focus, dealers said.
BANGKOK: Up 0.67 per cent. The composite index gained 4.99 points to close at 751.86 and the blue-chip index edged up 2.72 points to 537.02.
"The market rose due to inflowing funds but investors were still waiting for other factors to stimulate the market," said Pichai Lertsupongkit, an analyst at Thanachart Securities.
He said the market was likely to gain in the next couple of days because investors will look for bargains as companies start releasing their earnings.
JAKARTA: Down 0.72 per cent. The composite index lost 17.71 points to 2,456.68.
"Selling by foreign funds discouraged overall sentiment," a trader said.
MANILA: Down 0.40 per cent. The composite index gave up 11.81 points to close at 2,930.97 while the all-share index shed 0.24 per cent, or 4.49 points, to close at 1,846.27.
"This is the expected pullback after we broke out of the 2,900 level, " Joseph Roxas of Eagle Equities said.
MUMBAI: Up 2.31 per cent. The 30-share Sensex rose 384.01 points to 17,026.67. - 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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