HONG KONG: Asian markets moved higher yesterday as stronger oil prices boosted commodities stocks, while sentiment was also buoyed by a Wall Street rally based on hopes for the upcoming earnings season.
However, gains were capped with some traders in Asia showing caution ahead of reporting season.
Mumbai was closed for elections.
TOKYO: Up 0.60 per cent. The Nikkei-225 index gained 60.17 points to 10,076.56.
The market rose for a fifth straight trading day after being closed on Monday for a public holiday.
SYDNEY: Up 0.97 per cent. The S&P/ASX 200 rose 45.9 points to close at 4,785.7.
"Everyone keeps calling for a 10-20 per cent pullback but it's a trailing expectation, so we are seeing short-covering," BBY senior institutional trader Peter Copeland told Dow Jones Newswires.
SHANGHAI: Up 1.44 per cent. The composite index gained 41.71 points to 2,936.19.
But market sentiment remained cautious amid worries that new initial public offerings will draw funds away from the main board.
SEOUL: Down 0.66 per cent. The Kospi ended down 10.88 points at 1,628.93.
Analysts said missile tests by the North had little impact on the market, with the fall led by financial shares and shipbuilders.
TAIPEI: Flat. The weighted index fell 3.28 points, or 0.04 percent, to 7,596.60.
Traders reversed earlier losses brought about by a government plan to tax firms for their capital gains on stock investments.
BANGKOK: Down 0.69 per cent. The composite index lost 5.19 points to close at 746.67 and the blue-chip index edged down 3.50 points to 533.52.
Chai Chirasevenupraphand, an analyst at Capital Nomura Securities, said the market's earlier rise was due to bargain-hunting. "Shares were sold in later profit-taking, mainly in energy shares," he said.
JAKARTA: Up 0.62 per cent. The composite index gained 15.31 points to 2,471.99.
"Foreign buying in plantation and telecommunication blue chips kept the main index in (the) green," a trader said.
MANILA: Flat. The composite index edged 0.88 points lower to 2,930.09, while the all-share index inched up 0.88 points to 1,847.15.
In the short term, the market was likely to trade between 2,900 and 2,970 points, Erwin Balita of SB Equities told Dow Jones Newswires. - 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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