Sun, Dec 23, 2007 - Page 10 News List

ASIA: Asian stocks drop for second week

CONCERNS Taiwan's TAIEX index managed only a 1.5 percent gain for the year, making it Asia's fourth-worst performer, behind Japan, Sri Lanka and New Zealand

BLOOMBERG AND AFP , HONG KONG

The KOSPI index ended 33.95 points higher at 1,878.32.

SINGAPORE

Singapore share prices closed 1.21 percent higher as investors sought out bargains after a recent selloff.

The Straits Times Index closed up 40.76 points at 3,398.10.

MANILA

Philippine shares closed 1.2 percent higher a day after the central bank trimmed its key interest rates to slow the peso's rise against the US dollar.

The composite index rose 41.02 points to 3,532.98.

KUALA LUMPUR

Malaysian share prices closed up 1.2 percent due to gains in key blue chips, but trading volumes were thin ahead of the year-end holidays.

The composite index was up 16.35 points at 1,403.56. Volume was 636.24 million shares.

BANGKOK

Thai share prices closed 2.76 percent higher, lifted by steady gains across the region and a sharp rise in local energy-linked stocks.

The composite index rose 21.89 points to 813.60.

WELLINGTON

New Zealand share prices rose 1.16 percent, as investors welcomed gains in offshore markets.

The NZX-50 index rose 45.95 points to close at 3,993.51.

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