Asian stockmarket summary |
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Published
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Wed, 14 Mar 2007 11:17
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BEIJING (XFN-ASIA) - A summary of Asian stockmarket trading Wednesday:HONG KONGShare prices closed sharply lower after a huge drop on Wall Street overnight amid fresh concerns over financial troubles at US sub-prime mortgage lenders. The Hang Seng Index closed down 496.21 points at 18,836.93.CHINAA-shares in Shanghai and Shenzhen closed lower on fears of fresh credit-tightening measures and weakness in overseas markets. The benchmark Shanghai Composite Index closed down 58.46 points at 2,906.33. The Shanghai A-share Index ended down 61.46 points to 3,053.58 and the Shenzhen A-share Index finished down 5.94 points at 806.18. B-shares in Shanghai and Shenzhen closed lower, tracking A-share falls, with blue chips under pressure. The Shanghai B-share Index was down 3.16 points to 169.87 and the Shenzhen B-share Index was down 6.96 points at 486.86.TAIPEIShare prices closed lower as Wall Street's tumble overnight sparked jitters across the region, with investors worried that US sub-prime mortgage lenders' woes could spill over to the broader economy. The weighted index closed down 113.73 points at 7,570.27.SEOULShare prices closed sharply lower, with the main index down two pct, as foreign investors aggressively cut their positions in both spots and futures following the slump in US stocks overnight triggered by rising concerns over sub-prime lending. The KOSPI index closed down 28.68 points at 1,407.37.MANILAShare prices closed sharply lower as jitters on Wall Street where stocks tumbled overnight due to financial troubles at sub-prime lenders spilled over onto Asian markets this morning. At the close, the 30-company composite index was down 107.68 points at 3,074.28.SINGAPOREShare prices closed sharply lower as sentiment here suffered a blow from steep losses on Wall Street overnight sparked by worries over the US sub-prime mortgage market. The Straits Times index closed down 105.69 points at 3,053.21.KUALA LUMPURShare prices closed sharply lower, but off their lows, as pockets of speculative buying and bargain-hunting helped to stem further losses following the initial reaction to the plunge overnight on Wall Street. The Kuala Lumpur Composite Index (KLCI) was down 33.63 points at 1,166.38.JAKARTAShare prices closed sharply lower as investors reacted negatively to an overnight slump on Wall Street that sparked heavy selling around Asia today. The US slump was sparked by worries about the mortgage lending market, which coupled with weak February retail sales data, has raised fresh concerns that the US economy is slowing down. The composite index closed down 35.118 points at 1,762.284.AUSTRALIAShare prices closed sharply down as investor sentiment plunged after US shares overnight experienced their second largest sell-off this year, sparked by concerns that rising defaults within the US sub-prime mortgage market could spill over into the wider economy. The S&P/ASX 200 closed down 123.1 points at the day's low of 5,741.9. The All Ordinaries index tumbled 116.7 points to also close at the day's low of 5,727.3.TOKYOShare prices closed broadly lower as the slump in US stocks overnight due to worries about the US housing market sparked a sell-off, reviving revived fears of another turmoil in global equity markets. The Nikkei 225 Stock Average closed down 501.95 points at 16,676.89.
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Asian bourse roundup Thursday, January 25 2007 