Sun, Apr 09, 2006 - Page 10 News List

Asian investors take a breather after strong week

POSITIVE TONE Several Asian markets on Friday set new records or hovered around highs not seen for years. In Taipei, late buying by foreign investors reversed early falls

AFP , HONG KONG

Australian share prices closed marginally lower as investors became wary about the market's strong rise over the trading week, driven predominantly by a rise in resource stocks, dealers said.

The benchmark SP/ASX 200 index fell 6.0 points or 0.11 percent to close at 5,232.9, slipping from Thursday's record closing high of 5,238.9.

The broader All Ordinaries Index eased 3.6 points to 5,186.7, falling from the previous record close of 5,190.3, which was also set on Thursday.

Singapore share prices closed 0.37 percent higher as gains in select blue chip stocks cushioned falls in a market searching for fresh leads, dealers said.

The Straits Times Index rose 9.41 points to 2,552.05.

Malaysian share prices closed 0.28 percent higher, with strong retail investor interest in Mesdaq board stocks and other lower-liners, dealers said.

The Kuala Lumpur Composite Index was up 2.65 points at 943.71.

Indian share prices fell 1.34 percent in volatile trade, snapping a three-day streak of record closes as funds and retail investors turned cautious and took profits, dealers said.

The benchmark 30-share SENSEX index fell 157.46 points to 11,589.44.

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