Sun, Dec 10, 2006 - Page 10 News List

Wall Street losses take toll on Asian stocks

SHANGHAI SURPRISE Share prices on the Shanghai Composite Index closed sharply lower, falling 2.92 percent, with Mumbai and Seoul also taking appreciable tumbles

AFP , HONG KONG

The Stock Exchange of Thailand (SET) composite index fell 4.60 points to 740.94 and the bluechip SET 50 index lost 4.08 points to 517.95.

JAKARTA

Share prices closed 0.38 percent lower on profit-taking in select large-cap stocks led by Telkom and Perusahaan Gas Negara following this week's strong rally, dealers said.

The composite index shed 6.831 points at 1,775.285 on volume of 3.25 billion shares.

MUMBAI

Share prices closed 1.23 percent lower, snapping five straight days of record highs as funds locked in gains after the market met strong resistance at the 14,000-point level, dealers said.

Further corrections may be seen this week, dealers added. The benchmark Sensex had gained 7.2 percent since Nov. 1.

The 30-share Mumbai stock exchange index fell 172.54 points to 13,799.49 from its record close of 13,972.03 on Thursday.

The Sensex had hit an all-time-peak of 14,035.30 intraday Wednesday, led by expectations of sustained economic growth and profit gains for leading companies.

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