Asia Roundup: Stocks close flat to higher

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Asian stocks closed flat but tending higher yesterday with Wall Street pushing towards an all-time high helping to underpin positive sentiment, dealers said. However, they added, trade was quiet across much of the region ahead of extended holidays and this contributed to Hong Kong, Singapore, Taipei, Seoul, Kuala Lumpur and Jakarta all closing virtually flat.

TOKYO: Share prices ended the week at a three-week high, buoyed by fresh gains on Wall Street. The Nikkei-225 Index rose 102.73 points to 16,127.58, the highest finish since September 6.

SEOUL: Shares closed little changed in thin trade, with investors taking to the sidelines ahead of the weekend and next week’s long holiday. The Kospi Index closed down 0.02 point at 1,371.41.

TAIPEI: Share prices closed little changed with investor caution offsetting early gains made on Wall Street’s extended rally. The Weighted Index slipped 2.07 points at 6,883.05.

SHANGHAI: Share prices closed 0.87 per cent higher, extending gains on window-dressing activity with heavyweight banks and property developers gaining ground.

The Shanghai A-share Index rose 15.85 points to 1,840.31 and the Shenzhen A-share Index was up 4.41 points at 455.45. The benchmark Shanghai Composite Index closed up 15.46 points at 1,752.42.

SYDNEY: Stocks closed 0.79 per cent higher as gains in US stocks overnight again supported Australian investor sentiment. The benchmark SP/ASX 200 rose 40.2 points to 5,154.1.

BANGKOK: Share prices closed 0.26 per cent lower as jittery investors stayed on the sidelines. The composite index fell 1.80 points to 686.10.

JAKARTA: The stock market closed 0.05 per cent higher, led by gains in property and infrastructure-related stocks. The Composite Index closed up 0.815 points at 1,534.615.

MUMBAI: Shares posted their fourth straight day of gains to close up 0.6 per cent after data showing the economy grew by a better-than-expected 8.9 per cent in the first quarter to June. The benchmark Sensex Index rose 73.68 points to 12,454.42, its highest in nearly five months. – AFP

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