Sun, Dec 09, 2007 - Page 10 News List

ASIA: Taipei and Shanghai stock exchanges close higher

RESISTANCE Gains across Asia were unconvincing as benchmarks nudged closer to technical resistance levels, prompting investors to lock in gains ahead of the weekend

AFP , HONG KONG

MUMBAI

Indian share prices closed up 0.86 percent.

Dealers said expectations of a US rate cut raised hopes of capital inflows to India.

The 30-share Sensex index rose 170.13 points to 19,966.

Banking, software and property stocks were main gainers.

"Software stocks rose after having lagged in previous months," said Bhaskar Kapadia, a partner with brokerage Pyramid Securities.

WELLINGTON

New Zealand share prices rose 1.22 percent after a late rebound.

The NZX-50 index rose 49.43 points to 4,092.93 on turnover worth NZ$109 million (US$84.8 million).

JAKARTA

Indonesian share prices closed 0.6 percent lower as profit-takers dominated the late session, putting telecom and mining stocks under pressure, ending a four-day rally.

The composite index closed down 16.45 points at 2,778.95 on volume of 4.71 billion shares valued at 6.33 trillion rupiah (US$685 million).

"The market's decline today was purely due to profit-taking as the market had been in a record-breaking rally the past few days," Paramitra Alfa Sekuritas analyst Pardomuan Sihombing said.

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