Sun, Jul 15, 2007 - Page 10 News List

Asian stocks shoot up as they track Wall Street gains

GAINS The TAIEX could rise further next week on new market-friendly government policies, with investors expected to target property, financial and biotech stocks

AFP , HONG KONG AND TAIPEI

The Shanghai Composite Index closed 1.60 points lower to 3,914.40.

Heavyweight insurance companies outperformed the market amid optimism over stronger-than-expected first-half interim results.

SINGAPORE

Share prices closed sharply higher to a fresh record peak as they tracked gains in other regional markets following Wall Street's overnight rally. The Straits Times Index soared 30.05 points to 3,654.61.

KUALA LUMPUR

Share prices closed 1.37 percent higher led by sharp gains in power company Tenaga Nasional and late buying in selected blue chips.

The Kuala Lumpur Composite Index closed up 18.70 points to 1,384.72.

MANILA

Share prices closed 0.78 percent higher a day after the central bank cut its key interest rates.

The composite index added 29.27 points to 3,786.02.

WELLINGTON

Share prices closed 0.12 percent higher, lifted by top stock Telecom and optimism on Wall Street.

The NZX-50 index was 5.12 points up at 4,243.66.

MUMBAI

Share prices closed up 1.2 percent at a fresh record high amid strong global trends and sustained fund buying.

Dealers said the markets could witness a correction even though economic growth is set to keep growing at more than 8 percent.

The 30-share SENSEX index rose 180.68 points to 15,272.72.

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