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HONG KONG, Sept 5:,Asian stocks closed mixed on Tuesday with profit takers moving in and cashing-up on recent sharp gains sparked by lower oil prices and a better outlook for the US economy.
Dealers said Wall Street's closure overnight due to a public holiday had also left the markets bereft of a solid lead and this had provided investors with an excuse to book some profits.
Even an interest rate cut failed to impress in Jakarta which closed flat, as did Singapore and Mumbai while Tokyo notched up a slight 0.17 per cent gain and Seoul rose by 0.16 per cent.
Modest falls were experienced in Taipei, Hong Kong, Kuala Lumpur and Bangkok as Sydney, Wellington and Shanghai made mild gains. Manila stood out with a 0.91 percent as the local currency strengthened on brighter economic prospects.
TOKYO: Share prices crept up to levels not seen for more than three months on optimism over the outlook for the local economy.
The Nikkei-225 index advanced 27.89 points or 0.17 per cent to 16,385.96.
Volume rose to 1.77 billion shares from 1.66 billion Monday. Otsuka said buying by overseas investors had also lifted the market's mood.
When foreign investors are buying, the Japanese market is boosted, he said. Shipbuilding, steel, chip and high-tech companies were significant gainers.
Ishikawajima-Harima Heavy Industries rose 13 yen to 383.
HONG KONG: Share prices closed 0.43 per cent lower as investors locked in profits after the market's gains over the previous five sessions.
The Hang Seng index closed down 75.08 points at 17,438.80. Turnover was 24.93 billion Hong Kong dollars (3.2 billion US).
SYDNEY: Share prices closed 0.42 per cent higher on the back of a strong performance in the banking and resources sectors.
The SP/ASX 200 rose 21.4 points to 5,150.6. Turnover was of 942.8 million shares worth 3.54 billion dollars (US$2.7 billion).
CommSec chief economist Craig James said the market responded to gains in Europe Monday following an easing in oil prices.
SINGAPORE: Share prices closed flat as the market followed a regional trend and consolidated on recent strong gains in the absence of leads from Wall Street.
The Straits Times Index slipped 0.73 points to 2,519.72. Volume was 804.50 million shares worth 881.91 million Singapore dollars (565 million US).
KUALA LUMPUR: Share prices closed 0.45 per cent lower on broad profit-taking after recent strong gains, as investors ignored higher-than-expected growth in July exports.
JAKARTA: Share prices closed 0.09 per cent lower on profit-taking as investors cashed in gains made in the lead up to an interest rate cut by Bank Indonesia (BI).
WELLINGTON: Share prices rose 0.56 per cent, closing at a one-month high on the back of a weaker currency and continuing support for market leader Telecom.
The NZSX-50 index closed 19.84 points higher at 3,551.88 on turnover worth 105.42 million New Zealand (67.41 million US) dollars.
MUMBAI: Share prices closed down 0.08 per cent in cautious trade as local fund buying waned in index-linked companies.
The 30-share Sensex fell 9.61 points to 11,904.60.—AFP
