Sun, Oct 09, 2005 - Page 10 News List

Investors stand back after steep declines in Asia

MIXED BAG The TAIEX dropped 0.23 percent on Friday, in line with losses overnight in the US amid concerns that the Fed may hike interest rates further

AFP , HONG KONG

The S&P/ASX 200 index lost 6.7 points at 4,440.6.

Dealers said while the S&P/ASX 200 was up 29.1 points in early trade, the market failed to sustain the bounce, reflecting nervousness ahead of key US employment figures due later in the day.

Singapore share prices closed 0.69 percent higher on expectations preliminary third quarter economic growth figures to be released next week would be strong.

Dealers said shares climbed ahead of the Monday release of preliminary data for the third quarter to last month with analysts upbeat on another strong performance following a 5.20 percent expansion in the June quarter.

The Straits Times Index rose 15.77 points to 2,305.24.

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