Sun, May 29, 2005 - Page 10 News List

Markets in Asia close higher on US growth data

REGIONAL TRADING The TAIEX gained 36.86 points for the week, and analysts expect share prices to rise even further next week as foreign interest brings in more domestic funds

AP AND AFP , HONG KONG AND TAIPEI

Shares in China fell as doubts over the benefits to investors of the government's trial reform of nontradable shares dented market confidence. The Shanghai Composite Index, which tracks both A and B shares, ended down 6.92 points, or 0.7 percent, at 1051.95.

Singapore shares closed slightly higher with sentiment boosted by Wall Street's overnight gains and the US first-quarter GDP numbers. The Straits Times Index rose 2.14 points, or 0.1 percent, to 2154.70.

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