Sun, Mar 30, 2008 - Page 10 News List

ASIA: Asian stocks complete best week this year

BOOSTED BY COMMODITIES Expectations that business relations between Taiwan and China were on the verge of improving gave a boost to the Taipei stock market

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SEOUL

South Korean shares closed 1.5 percent higher as traders shrugged off North Korea's missile tests and boosted portfolios before the end of the first quarter.

The KOSPI index ended up 25.59 points at 1,701.83.

SINGAPORE

Singapore share prices closed 0.22 percent higher after investors shook off initial worries over Wall Street's overnight decline and picked up attractively priced blue chips.

The Straits Times Index rose 6.70 points to 3,031.90.

KUALA LUMPUR

Malaysian share prices closed 0.4 percent higher on continued bargain hunting and window dressing activities as the first quarter draws to a close.

The composite index gained 4.38 points to 1,258.41.

BANGKOK

Thai share prices closed 0.27 percent higher, mainly on profit-taking as investors remained concerned about the prospects for the US economy. The composite index rose 2.21 points to 825.17.

JAKARTA

Indonesian share prices closed 1.1 percent higher on Friday, led by coal producer Bumi Resources and telecommunications company Indosat on earnings hopes.

The Composite Index closed up 26.24 points at 2,477.59.

MANILA

Share prices closed 1.0 percent higher on window-dressing as fund managers tidied up their portfolios for the end of the first quarter.

The composite index closed up 30.11 points at 2,956.02.

MUMBAI

Indian share prices rose 2.22 percent, as global markets recovered amid hopes that the impact of a US economic slowdown on Asia were exaggerated.

The SENSEX rose 355.73 points to 16,371.29.

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