HONG KONG: A strong start to the US corporate earnings season and a surprise fall in Australian unemployment boosted sentiment across the region yesterday, pushing stocks higher for a third straight day.
Investors took heart from September quarter results showing US aluminium giant Alcoa had swung into a profit in the past three months - after three consecutive quarters of losses. The announcement was the first of the latest earnings season.
Shanghai was closed for a public holiday.
TOKYO: Up 0.34 per cent. The Nikkei-225 gained 32.87 points to 9,832.47.
"Investors may start looking for buying cues in the domestic market," Fujio Ando, senior managing director at Chibagin Asset Management, told Dow Jones Newswires.
SYDNEY: Up 1.55 per cent. The S&P/ASX200 rose 72.9 points to 4,768.6.
"We really saw the market kick hard after the employment data, which really is defying gravity at the moment and beating expectations," said Martin Lakos, a division director at Macquarie Private Wealth in Sydney.
SEOUL: Up 1.09 per cent. The Kospi gained 17.46 points to close at 1,615.46.
Analysts said investors took relief from comments by the central bank's chief that he may not raise interest rates, following rumours of a hike following the Australian move this week.
TAIPEI: Down 1.38 per cent. The weighted index fell 105.35 points to 7,503.31.
"Investors believe that (Wednesday's) Taiex hitting 7,600 points is enough for now," said Capital Securities trader Diana Wu.
BANGKOK: Up 0.28 per cent. The composite index gained 2.11 points to close at 744.03, and the blue-chip index was up 1.54 points to 531.51.
"Funds still flowed into the region while some investors sought bargains in banking shares," said Veerachai Krongsamsri from Far East Securities.
JAKARTA: Down 1.15 per cent. The composite index lost 28.88 points to 2,484.51
"Bargain buying by foreign funds lifted the main index from its low amid a generally bearish trend," a trader told Dow Jones Newswires.
MANILA: Flat. The composite index gained 0.96 points to 2,968.02 while the all-share index inched up 0.76 points to 1,858.27.
Last-minute buying in selected stocks offset early weakness, dealers said.
MUMBAI: Up 0.22 per cent. The 30-share Sensex index rose 36.88 points to 16,843.54. - 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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