HONG KONG, Feb 6: Asian stocks shrugged off a weak performance by Wall Street to close sharply higher on Monday with Mumbai notching-up a record day after breaking the historic 10,000-point level.
Dealers said underlying economic strength was evident in regional economic data and corporate results which helped Tokyo, the region’s leader, to a higher close.
Manila and Bangkok bucked the trend and registered minor falls while Wellington was closed for a holiday.
TOKYO: Share prices put on 0.53 per cent to reach the highest closing level since August 2000, supported by upbeat economic data and generally solid recent earnings reports.
The Nikkei-225 index climbed 88.12 points to 16,747.76 on turnover of 2.07 billion shares.
HONG KONG: Share prices closed 0.77 per cent higher as investors chased China-related stocks and select blue chips, helping the benchmark index recover the key 15,500 points level.
The Hang Seng Index closed up 118.33 points to 15,548.06 on turnover of 31.25 billion Hong Kong dollars (4 billion US dollars).
SYDNEY: Share prices recovered from a morning dip to close 0.65 per cent higher as investors shrugged off concerns that rising US interest rates could undercut global growth.
BHP Billiton shares gained 0.32 dollars to close at 25.85 while Rio Tinto rose 0.82 to 75.57.
The benchmark SP/ASX 200 index rose 31.8 points to 4,915.6 on volume of 1.17 billion shares worth 3.55 billion dollars (2.66 billion US).
SINGAPORE: Share prices closed 0.38 per cent higher in line with gains in regional financial markets.
The Straits Times Index added 9.36 points to 2,441.08 on volume of 1.7 billion shares worth 1.2 billion Singapore dollars (736 million US).
KUALA LUMPUR: Share prices closed 0.17 per cent higher in brisk trade Monday as investors chased speculative plays, with profit-taking trimming the market’s overall gains.
The composite index rose 1.54 points to 929.39 on volume of 1.01 billion shares worth 1.22 billion ringgit (330 million dollars).
JAKARTA: Share prices closed 0.12 per cent higher although trading was cautious on the eve of Bank Indonesia’s board of governors’ meeting to decide on interest rate policy.
The composite index closed up 1.523 points at 1,245.649 on volume of 1.34 billion shares worth 1.23 trillion rupiah (132.2 million dollars.
MUMBAI: Share prices touched the historic 10,000 point level, with the benchmark 30-share Sensex ending the day up 2.44 per cent on robust overseas fund buying.
The Sensex closed at 9,980.42 points, up 237.84 points on volumes worth 38.76 billion rupees (876 million dollars). —AFP