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HONG KONG, April 10: Asian stocks closed mostly lower on Monday with markets continuing to ease after striking record levels last week, and in response to solid falls on Wall Street, dealers said.
They said renewed interest rate concerns, falling commodity prices and upcoming corporate results in Tokyo and Seoul had also held investors back ahead of public holidays which begin in many markets later in the week.
Profit taking set in last Friday after a Asian benchmarks struck a run of record or multi-year highs and dealers said market strength remained strong and a bout of profit taking was not unexpected.
TOKYO: Share prices eased back from recent multi-year highs Monday as investors opted to pocket recent gains after Wall Street was jolted by interest rate worries.
The Nikkei-225 index fell 106.79 points to 17,456.58, after closing Friday at the highest level since July 10, 2000. Volume fell slightly to 1.81 billion shares from 1.89 billion on Friday.
HONG KONG: Share prices closed higher as late buying of China Mobile enabled the benchmark index to recover from early losses driven by Wall Street’s falls on Friday.
The Hang Seng Index closed up 49.81 points or 0.30 per cent at 16,521.59. Turnover was 31.56 billion Hong Kong dollars (4.05 billion US).
SYDNEY: Share prices dropped 0.78 per cent on a fall in commodity prices and weaker investor sentiment following last week’s losses on Wall Street.
The SP/ASX 200 index shed 40.6 points to 5,192.3. Turnover was 1.24 billion shares worth 3.82 billion dollars (2.78 billion US).
SINGAPORE: Share prices closed 0.24 per cent lower on profit-taking, ignoring the economy’s 9.1 per cent expansion in the first quarter.
The Straits Times Index fell 6.13 points to 2,545.92. Volume traded totalled 1.04 billion shares worth 1.08 billion Singapore dollars (675 million US).
KUALA LUMPUR: Share prices slipped 0.1 per cent, with profit-taking in blue chips driving the main index lower.
The composite index was down 1.24 points at 942.47. Volume was 1.4 billion shares worth 1.24 billion ringgit (0.34 billion dollars).
WELLINGTON: Share prices ended a 13-day winning streak with a 0.71 per cent fall due to profit-taking.
The NZX-50 gross index fell 26.88 points to 3,774.09 on turnover worth 153.6 million New Zealand dollars (93.9 million US).
MUMBAI: Share prices closed 0.63 per cent higher in volatile trade as investors concentrated on index and mid-cap stocks.
The 30-share Sensex index rose 73.11 points to 11,662.55.
—AFP
