Asian markets were broadly lower yesterday as shares ran out of steam following recent gains, leading investors to take profits.
Jakarta was closed for a public holiday.
TOKYO: Down 0.70 per cent. The Nikkei-225 dropped 73.26 points to 10,370.54.
Investors squared their positions ahead of a five-day holiday, with Japanese markets due to reopen on Thursday.
“Traders don’t want to take the risk of carrying positions over the holiday,” Mizuho Securities analyst Yutaka Miura told Dow Jones Newswires.
HONG KONG: Share prices closed 0.67 per cent lower yesterday on profit-taking, dealers said.
The benchmark Hang Seng Index fell 145.06 points to 21,623.45.
However, strong liquidity and an improved global economic outlook kept declines at bay. The market has risen more than 10 per cent since the beginning of the month. The completion of a number of initial public offerings is expected to boost liquidity
SYDNEY: Down 0.46 per cent. The S&nt This Post" style="border: 0px;width:auto; heigh#8220;We’ve had two extraordinary performing days in this market, so it is probably not unexpected,” said Macquarie Private Wealth associate director Lucinda Chan.
SHANGHAI: Down 3.19 per cent. The Shanghai Composite Index was down 97.58 points at 2,962.67.
Steel and financial companies led the fall on profit-taking after the index hit a five-week high in the previous session.
But analysts remained upbeat about the market outlook amid hopes that China’s regulators will try to keep the index stable before the National Day holiday which starts on October 1.
SEOUL: Up 0.25 per cent. The Kospi gained 4.24 points to 1,699.71.
There was aggressive buying by foreigners amid expectations for a global economic recovery and earnings improvement in local firms, dealers said.
TAIPEI: Up 0.66 per cent. The weighted index rose 49.25 points to 7,526.55.
“The market is awash in liquidity. The ample funds helped the market to jump over the 7,500-point technical hurdle,” Taiwan International Securities analyst Arch Shih said.
SINGAPORE: Shares closed 0.92 per cent lower yesterday in line with other regional markets as investors took profits ahead of a long weekend, dealers said.
The blue-chip Straits Times Index fell 24.69 points to 2,647.91.
Shares could rebound next week, underpinned by signs the economy is on track for a recovery, analysts said.
BANGKOK: Up 0.63 per cent. The composite index gained 4.44 points to close at a 14-month high of 713.67, while the blue-chip SET-50 index added 2.87 points to 510.85.
“The index moved within a narrow range and volume declined drastically,” said Pichai Lertsupongkit, an analyst at Thanachart Securities.
MANILA: Up 0.62 per cent. The composite index gained 17.36 points to 2,789.33 while the all-share index added 0.69 per cent to 1,799.57.
“There really aren’t enough leads to attract investors to come into the markets,” said Jun Calaycay of Accord Capital Equities Inc.
KUALA LAMPUR: Share prices on Bursa Malaysia continued to rebound further in step with regional stock markets on Thursday. The FBM KLCI hit its intra-day high of 1,220.29 before easing off to close at 1,218.80, giving a day-on-day gain of 5.82 points, or 0.48 per cent.
The market paused for a short consolidation yesterday when it spent the major part of the trading session trading below Thursday’s level. The FBM KLCI staged a late rally from its intra-day low of 1,215.59 to close at its intra-day high of 1,221.20 yesterday, giving a day-on-day gain of 2.40 points, or 0.20 per cent.
The FBM KLCI posted a week-on-week gain of 12.92 points, or 1.07 per cent.
MUMBAI: Up 0.18 per cent. The 30-share Sensex rose 30.19 points to 16,741.3, a near 16-month high
In the last session of the week, VN Index marked the highest increase during the last three months by jumping by 9.82 points or 1.75 percent to close at 571.01 points. The market liquidity retained at high level with a total matching order trade of 64.3 million shares for about 3.161 trillion dong, a decline of 13 percent in both volume and value in comparison with the previous session.
HNX Index of the northern floor reversed to increase by 1.78 points or 1.02 percent to end at 176.46 marks with a total market trade of about 37.923 million shares for over 1.35 trillion dong in value.
LONDON: European shares pulled back yesterday, from an 11-month high reached the previous session, as commodity stocks fell, but Lloyds Banking Group reversed earlier losses on a Goldman Sachs note.
The FTSEurofirst 300 of top European shares closed 0.5 per cent lower at 1,006.50 points.
London’s benchmark FTSE 100 index of leading shares edged up just 0.17 per cent to 5,172.89 points while the Frankfurt DAX fell 0.49 per cent to 5,703.29 points and the Paris CAC 40 dipped 0.19 per cent to 3,827.84 points.
Investors popped the stock market’s rally back in gear Friday after analyst upgrades boosted optimism about the economy.
According to preliminary calculations, the Dow rose 36.28, or 0.4 percent, to 9,820ory/vietnam/feed">Vietnam