Asia: Marts mixed ahead of US job data

Business Times

HONG KONG: Asian markets were mixed yesterday, as profit-taking tempered the buoyant sentiment fuelled by another record-breaking performance on Wall Street.

Investors are now keeping their focus on the release of key US jobs figures, hoping for further signs a recovery in the world’s number-one economy is picking up strength.

Tokyo ended 0.14 per cent lower, edging down 21.68 points, to 15,348.29, after rising more than 1.5 per cent over the previous three days. Seoul lost 0.21 per cent, or 4.31 points, to close at 2,010.97.

However, Sydney added 0.66 per cent, or 35.8 points, to 5,491.2 and Shanghai closed 0.19 per cent higher, adding 3.81 points to 2,063.23.

Regional shares have enjoyed a broad rally this week, helped by data suggesting Chinese manufacturing is getting back on track.

In other markets:

q Bangkok added 0.09 per cent, or 1.40 points, to 1,493.21. Telecoms company Advanced Info Service lost 0.92 per cent to 216.00 baht, while Siam Cement rose 1.30 per cent to 468.00 baht.

q Jakarta ended down 0.40 per cent, or 19.54 points, at 4,888.74. Miner Aneka Tambang rose 4.13 per cent to 1,135 rupiah while Bank Negara Indonesia fell 1.15 per cent to 4,745 rupiah.

q Manila closed 0.71 per cent higher, adding 48.71 points to 6,899.31. Philippine Long Distance Telephone rose 0.74 per cent to 3,000.00 pesos, Universal Robina added 1.69 per cent to 156.00 pesos and SM Investments inched up 0.06 per cent to 809.50 pesos.

q Mumbai fell 0.07 per cent or 17.46 points to end at 25,823.75 points. GMR Infrastructure fell 7.98 per cent to 31.15 rupees, while Jaiprakash Power Ventures lost 4.66 per cent to 22.50 rupees. Trading had to be halted for more than three hours due to a network outage.

q Taipei added 0.44 per cent, or 41.27 points, to 9,526.23. Taiwan Semiconductor Manufacturing Co. put on 1.51 percent to T$134.5 while Hon Hai was 0.97 per cent higher at T$104.0.

q Wellington rose 0.35 per cent, or 18.01 points, to 5,167.39. Air New Zealand was up 1.4 per cent at NZ$2.17 and Fletcher Building lifted 0.91 per cent to NZ$8.85. AFP

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