HONG KONG, May 28: Asian markets rose on Monday as opinion polls indicated a victory for pro-austerity conservatives in next month’s Greek general election, but gains were tempered by concerns about Spain.

Tokyo gained 0.15 per cent, or 12.76 points, to 8,593.15 while Sydney climbed 0.96 per cent, or 38.8 points, to 4,068.0, and Mumbai rose 1.23 per cent, or 199.02 points, to 16,416.84.

Hong Kong closed 0.47 per cent higher, adding 87.58 points to 18,800.99 while Shanghai advanced 1.19 per cent, or 27.81 points, to 2,361.37.

Seoul was closed for a public holiday.

In other markets: Singapore added 0.52 per cent, or 14.47 points, to 2,787.22.

DBS Bank gained 0.91 per cent to Sg$13.29 while palm oil producer Wilmar International was up 1.35 per cent at Sg$3.76.

Taipei closed 0.91 per cent, or 64.37 points, higher at 7,136.00.

Taiwan Semiconductor Manufacturing Co was up 2.0 per cent at Tw$81.6 while Hon Hai Precision added 1.55 per cent to Tw$85.4.

Manila closed 0.54 per cent, or 26.77 points, higher at 4,952.74.

Ayala Corp. rose 1.4 per cent to 417 pesos and Security Bank added 5.3 per cent to 134.50 pesos.

Wellington fell 0.69 per cent, or 23.98 points, to 3,462.26.

Kuala Lumpur gained 3.82 points to 1,554.94.

UEM Land Holdings ended 2.6 per cent higher at 2.01 ringgit and CIMB Group Holdings gained 1.0 per cent to 7.27 ringgit, while AirAsia lost 1.4 per cent to close at 3.55 ringgit.

Jakarta rose 0.41 per cent, or 16.18 points, to 3,918.69.

Bank Mandiri added 2.2 percent to 7,050 rupiah, Telkom gained 2.1 per cent to 7,400 rupiah and Astra Agro Lestari climbed 3.16 per cent to 19,600 rupiah.

Bangkok ended up 0.63 per cent, or 7.10 points, to 1,139.93.—AFP

Opinion

Editorial

By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...
Not without reform
Updated 22 Apr, 2024

Not without reform

The problem with us is that our ruling elite is still trying to find a way around the tough reforms that will hit their privileges.
Raisi’s visit
22 Apr, 2024

Raisi’s visit

IRANIAN President Ebrahim Raisi, who begins his three-day trip to Pakistan today, will be visiting the country ...
Janus-faced
22 Apr, 2024

Janus-faced

THE US has done it again. While officially insisting it is committed to a peaceful resolution to the...