Asian-Pacific Shares Are Mixed; Tankan Survey Weakens Nikkei
May 10, 2011
Stocks fell in Tokyo after the Bank of Japan's quarterly survey of business sentiment, or tankan, suggested a weaker-than-expected economy. Stocks in Hong Kong gained in volatile trading as investors remained indecisive over the market's future direction. Australian shares rose because of Wall Street's stronger close overnight, while Philippine shares were mixed as foreign investors were sidelined awaiting fresh market-moving news. Taiwan stocks gained as investors bought petrochemical and technology issues. The South Korean bourse fell because of concerns of a glut of stock offerings in September. Malaysian shares declined, though second-tier issues advanced. Meanwhile, issues in Singapore mostly fell, while the shipyard sector posted considerable gains. Profit-taking in infrastructure and consumer shares weakened the Indonesian bourse, while Thai stocks advanced. At the end of trading in Asia Wednesday, the Dow Jones China 88 Index gained 2.25 to 95.66, after rising 1.71 Tuesday. The Dow Jones Shanghai Index climbed 1.74 to 102.09, after gaining 2.11 the previous day. The Dow Jones Shenzhen Index inched up 3.58 to 103.31, after climbing 1.98 the previous day. In dollar terms, the Asian-Pacific sector of the Dow Jones World Stock Index slipped 1.10 to 116.30 Wednesday, after declining 0.07 Tuesday. The world as a whole lost 0.38 to 139.42, after rising 0.28 the previous day. Computer and air-freight shares led Dow Jones Global Industry Groups, while fishing and overseas-trading issues were among the laggers. Asian Stock Market Indexes Market Australia
VastPress 2011 Vastopolis
