Sun, Sep 30, 2007 - Page 10 News List

US rate-cut optimism propels Asia higher

RECORD RUN Hong Kong's Hang Seng Index exceeded 27,000 points for the first time, while benchmarks in China, Australia, India and Singapore also set new highs



Australian share prices closed up 0.5 percent, led by mining giant BHP Billiton on expectations of continuing strong commodity prices.

The S&P/ASX 200 ended up 29.7 points at 6,567.8.


Share prices closed 0.23 percent lower, easing back from the record high set a day earlier.

Dealers said profit-taking set in, despite gains in selected blue chips including oil and gas-related plays.

The Straits Times Index closed 8.54 points higher at 3,706.23.


Malaysian share prices closed flat on profit-taking ahead of the weekend but higher trading volumes toward the close indicated sentiment remained fairly positive.

The composite index ended up 0.64 points at 1,336.30.


Indian share prices rose 0.82 percent on Friday to an eighth straight record close, in volatile trading as global trends were mixed, dealers said.

The Mumbai stock exchange SENSEX rose 140.54 points or 0.82 percent to a record 17,291.1, beating the previous best of 17,150.56 on Wednesday. The SENSEX hit a new intraday high of 17,361.47, surpassing the earlier record of 17,188.4.


Thai share prices closed marginally higher as foreign investors chased gains in energy-linked shares with world oil prices nearing historic peaks.

The composite index rose 2.45 points to 845.50.

Also see story:

Liquidity-driven buying helps shares counter Wall Street

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