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TOKYO, Aug 7: Asian stock markets rebounded on Wednesday in line with a resurgent Wall Street, but the gains were capped by doubts the US comeback is sustainable.
Japanese share prices jumped 3.5 per cent, fuelled by the sharp rebound on Wall Street and relief over a weaker yen, dealers said.
The Nikkei-225 average of the Tokyo Stock Exchange rose 333.38 points to close at 9,834.40 while the Topix index of all issues on the market’s first section gained 22.86 points to 962.28.
HONG KONG: Share prices in Hong Kong closed 2.9 per cent higher led by blue chip stocks after strong gains on Wall Street.
The key Hang Seng index gained 277.05 points to close at 9,977.74.
SINGAPORE: Share prices in Singapore closed 1.9 per cent firmer, powered a rally on Wall Street.
The Straits Times Index rose 27.94 points to 1,494.69.
SEOUL: South Korean share prices rose 0.8 per cent as programme selling kicked in late to offset earlier gains on bargain hunting by foreign and retail investors.
The composite index closed up 5.59 points at 679.37.
KUALA LUMPUR: Malaysian share prices closed 0.3 per cent higher on positive sentiment after Wall Street rebounded.
The Kuala Lumpur Stock Exchange composite index was up 2.47 points to close at 721.65.
Dealers said share prices were mainly in positive territory but gains were limited by intermittent profit taking, resulting in most blue chips remaining largely flat.
MANILA: Philippine share prices closed 0.6 per cent higher amid mixed trading brought on by a weaker local currency.
The Philippine Stock Exchange composite index gained 5.95 points to 1,091.16.
MUMBAI: Indian share prices closed 0.5 per cent lower as traders unwound positions at higher levels after recent gains on the back of easing monsoon fears.
The Bombay Stock Exchange’s 30-share BSE sensitive index closed down 13.87 points at 3,009.48.
Share prices opened firm led by technology stocks after gains on Wall Street, as sentiment remained upbeat on sustained rainfall in some agricultural states.
BANGKOK: The Thai stock market rose 1.2 per cent in line with gains in overseas markets and coupled by speculative buying in finance, property, and communication shares.
The Stock Exchange of Thailand (SET) composite index gained 4.38 points to close at 367.04, and the blue-chip SET 50 index was up 0.27 points at 23.30.
JAKARTA: Indonesian shares closed 1.4 per cent higher in modest trade in a technical rebound led by blue chips and in line with firmer regional markets after Wall Street’s rally.
The Jakarta Stock Exchange composite index ended up 6.129 points at 447.061.—AFP
