Sun, Feb 11, 2007 - Page 10 News List

Local leads fuel solid performance in Asian markets

REGIONAL GLANCE The TAIEX maintained its rangebound trading pattern ahead of the holidays, with China plays outperforming on an expected influx of tourists

AFP , HONG KONG

The Hang Seng Index lost 57.39 points at 20,677.66, off a low of 20,593.76 and a high of 20,771.09. For the week, the index was up 113.98 points or 0.55 percent.

SHANGHAI

Chinese share prices closed 0.27 percent lower on liquidity pressure as Ping An Insurance, the country's second largest life insurer, launched a stock offer to raise up to five billion dollars, dealers said.

The benchmark Shanghai Composite Index, which covers both A- and B-shares, fell 7.35 points at 2,730.39.

The Shanghai A-share Index was down 7.76 points or 0.27 percent to 2,866.65 on turnover of 62.46 billion yuan and the Shenzhen A-share Index shed 0.62 points to 703.55.

SYDNEY

Australian shares closed at new record highs following a week of strong earnings reports and expectation of more to come for the rest of the corporate reporting season, dealers said.

The benchmark S&P/ASX 200 was up 27.7 points or 0.47 percent at a record 5,927.2 while the broader All Ordinaries index climbed 26.4 points to an all-time high of 5,899.3.

MUMBAI

Indian share prices fell 0.77 percent as investors took profits on the market's sustained record breaking performance, dealers said.

The 30-share SENSEX fell 113.19 points to 14,538.90, coming off a new all-time intraday high of 14,723.88. It had hit a record close of 14,652.09 on Thursday.

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