Sun, Nov 04, 2007 - Page 10 News List

Regional stocks rise as investors gain confidence

RISK In Taipei investors sold stocks across the board on Friday. The electronics and financial sectors both dropped by more than 3 percent

BLOOMBERG AND AFP , HONG KONG

The KOSPI closed down 43.8 points at 2,019.34.

SYDNEY

Australian share prices dropped 1.9 percent following a sell-off on Wall Street triggered by concerns about a slowing US economy.

The S&P/ASX 200 lost 132.1 points to 6,696.6.

SINGAPORE

Share prices fell 2.3 percent in line with regional markets as investors locked in profits following Wall Street's slump overnight.

Dealers said concerns over the health of the US economy and soaring oil prices weighed down on sentiment.

The Straits Times Index dropped 88.24 points to 3,715.32.

KUALA LUMPUR

Malaysian share prices closed down 0.8 percent after a steep sell-off in New York on concerns for the US economy and amid historically high oil prices.

The composite index closed the session down 11.68 points at 1,397.48.

BANGKOK

Thai share prices closed 0.93 percent lower as selling spread across the board following sharp losses on Wall Street amid concern over the outlook for the US economy.

The composite index fell 8.39 points to 894.34.

JAKARTA

Jakarta share prices closed 0.2 percent higher at a record finish after major stocks bounced back, helping the index to reverse course after heavy losses in early trade.

The composite index was up 5.96 points at 2,710.62.

WELLINGTON

New Zealand share prices plunged 1.29 percent, although the fallout from a significant decline on Wall Street was not as severe as elsewhere in the region.

The NZX-50 index closed 53.76 points lower at 4,154.12.

MUMBAI

Indian share prices rose 1.28 percent as investors bought blue-chips, recovering from a sharp sell-off on credit squeeze concerns in the US economy and global oil prices.

The 30-share Mumbai SENSEX index rose 251.88 points to 19,976.23.

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