Sun, Oct 17, 2004 - Page 10 News List

Losses subdue Asian share markets

TENTATIVE Taiwanese stocks closed 0.18 percent lower as modest bargain hunting pared early declines after heavy losses overnight on Wall Street, dealers said

AFP , HONG KONG

Australian share prices closed 0.32 percent higher as resources recovered from an over-reaction to this week's fall in base metal prices, dealers said.

The benchmark SP/ASX 200 index closed up 12.0 points at 3,720.9, while the broader All Ordinaries added 10.8 points at 3,730.7, a record high for the index.

Singapore share prices closed 0.57 percent higher on bargain-hunting following recent sharp declines but trade remained subdued on concerns over persistently high oil prices, dealers said.

The Straits Times Index rose 11.07 points to 1,962.54, while the broader All Singapore Equities index gained 2.49 points to 512.37.

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