Asian stocks gained this week, led by commodities companies after gold and oil prices climbed. BHP Billiton Ltd and Nippon Steel Corp advanced.
Toyota Motor Corp advanced after it raised its sales forecast for next year.
Central Japan Railway Co was the biggest drag on a regional index this week after it announced a ¥5.1 trillion (US$45 billion) plan to build a magnetic-levitation train link.
"The outlook for the miners is relatively strong," said Steven Marsh, who helps manage the equivalent of US$632 million at Trust Co in Sydney.
The MSCI Asia Pacific Index rose 1.8 percent this week to 156.26, rebounding from a 6.8 percent slide in the past two weeks. For the year, the measure has advanced 11.2 percent, set for its smallest annual gain in five years.
TAIPEI
Taiwanese share prices closed up 1 percent after Chinese Nationalist Party (KMT) presidential candidate Ma Ying-jeou (馬英九) was cleared of corruption charges, resolving some political uncertainty, dealers said.
The TAIEX closed up 83.23 points at 8,396.95 on turnover of NT$114.74 billion (US$3.53 billion).
"The market too has handed down its verdict -- there was more buying than selling," said Oliver Fang (
TOKYO
Japanese share prices closed down 1.65 percent, the final session of this year, after losses on Wall Street following weak data and the assassination of Pakistani opposition leader Benazir Bhutto.
The Tokyo Stock Exchange's benchmark NIKKEI-225 index fell 256.91 points in the half-day final session to close at 15,307.78.
For this year as a whole, the NIKKEI lost 11.1 percent as fears over a US housing slump and related credit crunch battered global markets.
The broader TOPIX index of all first-section shares ended the final session down 24.26 points or 1.62 percent at 1,475.68.
Japanese financial markets will be closed Thursday.
HONG KONG
Hong Kong share prices closed 1.7 percent lower amid geopolitical worries after Bhutto's assassination, dealers said.
The Hang Seng index closed down 472.33 points at 27,370.60, off a low of 27,296.86 and a high of 27,678.40. For the week, the index is down 256 points or 0.93 percent.
The market will have a half-day session tomorrow.
SYDNEY
Australian stocks closed down 0.2 percent after Bhutto's assassination triggered sharp falls on Wall Street, dealers said.
The benchmark SP/ASX 200 dropped 11 points to end the week at 6,339.9 for the last full trading day of the year, while the broader All Ordinaries lost 2.7 points to close at 6,423.7.
SHANGHAI
Chinese share prices closed 0.89 percent lower on profit-taking in the last trading session ahead of the New Year holidays, dealers said.
The benchmark Shanghai Composite Index closed down 47.33 points at 5,261.56.
The Shanghai A-share Index fell 49.85 points or 0.89 percent to 5,521.49. The Shenzhen A-share Index was down 6.82 points or 0.45 percent at 1,520.99. The Shanghai B-share Index fell 0.93 points or 0.25 percent to 365.93. The Shenzhen B-share Index fell 2.23 points or 0.31 percent at 709.69.
SEOUL
South Korean share prices closed down 0.6 percent, the year's last trading day, as investors sold shares after the release of downbeat industrial output data, dealers said.
The KOSPI index ended 11.49 points or 0.6 percent lower at 1,897.13 after trading between 1,890.81 and 1,911.67.
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