Asian stocks mixed

Published September 16, 2006

HONG KONG, Sept 15: Asian stocks closed mixed to firmer on Friday, finding support from lower oil prices which gave the airlines a sharp boost while trade overall was lacklustre, in line with Wall Street, dealers said.

They said investors were largely content to sit out the day ahead of key US consumer inflation data and the lead it could give on what the US Federal Reserve may decide on interest rates at its meeting next week.

TOKYO: Japanese share prices closed 0.47 per cent lower after the government revised down a leading economic index and as investors locked in recent profits ahead of a long weekend here, dealers said.

The Tokyo Stock Exchange's benchmark Nikkei-225 index fell 75.46 points to 15,866.93. The broader TOPIX index of all first-section stocks slipped 4.70 points or 0.29 per cent to 1,593.43.

HONG KONG: Hong Kong share prices closed 0.32 per cent higher as aviation stocks attracted strong interest in late trade on the prospect of lower fuel prices, dealers said.

SYDNEY: Australian share prices closed 0.67 per cent lower after banking stocks took a hit and investors fretted again about the direction of commodity prices, dealers said.

SINGAPORE: Singapore share prices closed 0.12 per cent higher with property stocks City Developments and CapitaLand supporting the market, dealers said.

KUALA LUMPUR: Malaysian share prices closed 0.20 per cent higher as local funds supported blue chips on expectations that the market could extend its mild technical rebound into next week, dealers said.

JAKARTA: Indonesian share prices closed 0.30 per cent higher driven by gains in Telkom and select pharmaceutical stocks that benefited from a rotational buying shift into the sector, dealers said.

WELLINGTON: New Zealand share prices closed 0.61 per cent higher, led by strong gains in discount retailer The Warehouse after founder Stephen Tindall launched a privatisation bid, dealers said.

MUMBAI: Indian share prices closed 0.31 per cent higher and back above the key 12,000 points for the market to chalk up its best finish in four months, dealers said.—AFP

Opinion

Editorial

Taxation plan
Updated 26 Sep, 2024

Taxation plan

AT first glance, the new FBR ‘transformation plan’, which aims to broaden the tax net, scrap the category of...
XDR typhoid risk
26 Sep, 2024

XDR typhoid risk

THE combination of poor sanitation, contaminated water and the indiscriminate administration of antibiotics by...
MDCAT chaos
26 Sep, 2024

MDCAT chaos

THE MDCAT has yet again found itself embroiled in controversy. Allegations of paper leaks, cheating, and widespread...
Point of no return?
Updated 25 Sep, 2024

Point of no return?

It is CJP's responsibility to ensure his institution's respect as the govt has made it clear it will not implement the reserved seats verdict.
War on Lebanon
25 Sep, 2024

War on Lebanon

Israel has lit a fire that can consume the entire region, as hopes for a Gaza ceasefire grow dimmer by the day.
Rape scars
25 Sep, 2024

Rape scars

We are at the threshold of a rape crisis and the reason for it is our flimsy response; it aborts justice by perpetuating stigmatisation and victim-blaming.