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Asian markets rise

May 29, 2012


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