Sun, Mar 16, 2008 - Page 10 News List

Credit losses hamper Asian stocks

PRICE OF UNCERTAINTY The TAIEX gave up 49.6 points as sluggish regional markets in the morning reminded investors of global economic concerns, one analyst said

BLOOMBERG

The Shanghai A-share index was down 0.21 percent to 4,157.52. The Shenzhen A-share index shed 0.86 percent to 1,302.12.

The Shanghai B-share index was down 0.68 percent to 288.33. The Shenzhen B-share index lost 1.55 percent to 572.61.

SEOUL

South Korean shares finished one percent lower on Friday, dealers said.

The benchmark KOSPI closed down 15.36 points at 1,600.26.

SINGAPORE

Singapore shares closed 1.2 percent higher on Friday, dealers said.

The Straits Times Index rose 33.46 points to close at 2,839.01.

"As we don't foresee a recession in the Singapore economy, despite our view that the US has already entered a recession, we believe that the market might have neared its bottom," Westcomb Securities said in a note to clients.

KUALA LUMPUR

Malaysian share prices closed 0.5 percent lower, dealers said.

The Kuala Lumpur Composite Index lost 6.51 points to 1,194.84.

BANGKOK

Thai share prices closed up 0.46 percent, dealers said.

The Stock Exchange of Thailand (SET) composite index rose 3.73 points to 818.04 and the blue-chip SET-50 added 2.80 points to 591.03.

JAKARTA

Indonesian shares closed 2.3 percent lower. The Jakarta Composite Index finished down 57.17 points at 2,383.42.

MANILA

Philippine share prices closed 1.2 percent lower, dealers said.

The composite index fell 33.94 points to 2,906.53 points. The broader all-share index lost 12.47 points or 0.7 percent to 1,784.44.

WELLINGTON

New Zealand share prices tumbled to close 2.04 percent lower, dealers said. The benchmark NZX-50 gross index dropped 73 points to 3,500.91.

MUMBAI

Indian shares rose 2.63 percent on Friday on bargain-hunting by domestic mutual funds, dealers said.

The Mumbai stock exchange SENSEX index rose 403.17 points to 15,760.52.

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