Sun, Jan 30, 2005 - Page 10 News List

Asian markets mixed ahead of busy weekend

CAUTION With Wall Street repeatedly failing to provide local investors with inspiration, regional markets had to rely again on local leads to sustain recent rallies

AFP , HONG KONG

Australian share prices closed 0.17 percent lower as profit-taking saw the market retreat from record highs, dealers said.

The benchmark SP/ASX 200 fell 6.8 points to its low for the day of 4,098.9, while the broader All Ordinaries Index ended down 4.8 points at 4,096.4.

Singapore share prices closed 0.79 percent higher, driven mainly by buying in blue chip stocks, dealers said. The Straits Times Index rose 16.39 points to 2,089.51, while the broader All Singapore Equities index gained 4.34 points to 546.41.

Malaysian share prices closed 0.3 percent lower with investors declining to take positions ahead of an action packed weekend, dealers said. The Kuala Lumpur Composite Index fell 2.72 points at 917.23.

The Stock Exchange of Thailand (SET) index edged up 0.41 points at 701.66 points while the blue-chip SET 50 index was off 0.03 at 49.18.

Indonesian share prices closed 0.14 percent higher as gains in cigarette firm Gudang Garam and a rebound in Indosat pushed the benchmark index to another record finish, despite profit-taking in other stocks, dealers said.

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