LONDON STOCK EXCHANGE Britain's main share index was bracing for its longest streak of weekly losses since 2008 as it traded flat on Friday, held back by a sell off in insurer RSA, source said to research analyst-PAGE. The FTSE 100 was down 1.6 percent for the week, its 6th consecutive fall, as concerns about a tightening of USA monetary policy and a stronger pound clouded the outlook for the numerous globally exposed companies in the British index. TOKYO STOCK EXCHANGE Tokyo's Nikkei stock index ended 0.40 percent higher on Friday with exporter shares getting a boost as the yen tumbled to a 5-year low against the dollar and euro, source said to research analyst-PAGE. The benchmark Nikkei 225 index added 61.29 points to 15,403.11, but the Topix index of all 1st section shares turned down 0.27 percent to 1,238.88. SRI LANKAN STOCK EXCHANGE Sri Lankan stocks increased for a 3rd straight session on Friday to a week-high on buying in large-cap shares such as Nestle Lanka PLC , source said to research analyst-PAGE. The main stock index increased 0.04 percent to end at 5,795.66 itís highest since December 9 . The day's gains included 1.03 billion rupees in market value, while turnover stood at 414.6 million rupees , well below this year's daily average of 835.9 million rupees , source added to him. KARACHI STOCK EXCHANGE In the Karachi Stock Exchange , KSE-100 index ended at highest-ever 25,257 points on Friday. On the last trading day of the week, KSE-100 index gained 185 points to end at new peak level of 25,256.70 points up from 25,072 points Thursday. Commenting on the market situation, Kamal Hayder Research Analyst-PAGE said the textile sector remained high on investors' radar following successful GPS + status voting in the EU Parliament. He said followed by GSP Plus status, benchmark index increased by 185 points and ended at yet another high level. Kamal said main support came from improved participation as volumes rose by 36 percent to Rs 12.1 billion . Moreover, investors' interest was also seen in fertilizer sector scrips, especially FFBL, which ended at its upper circuit. Azgard Nine led volumes with trade of 23.9 million shares, respectively. Trading took place in 388 scrips, of which 272 went up, 97 went down and that of 19 scrips remained unchanged. Market capitalization reached Rs 6.078 trillion , up by Rs 37 billion , he added. EUROPEAN STOCK EXCHANGE European stocks inched lower on Friday in light volumes, adding to a near 5 percent pullback in 2-week, as investors remained on edge ahead of next week's US Federal Reserve policy meeting. A recent batch of strong US economic figure has fuelled speculation that the Fed could start winding down its stimulus measures as soon as next week. That has prompted investors to book profits on risky assets which have strongly benefited from the central bank's massive liquidity injection. HONG KONG STOCK EXCHANGE Hong Kong shares ended 0.12 percent higher on Friday, snapping a 3-day losing streak, as investors focus on next week's crucial US Federal Reserve policy meeting. The benchmark Hang Seng Index was up 27.84 points at 23,245.96 on turnover of HK$60.03 billion . Much of the gains came from Chinese financial stocks, which increased after declining for 3-straight sessions. Bank of China increased 0.8 percent to HK$2.62 and Bank of Communications Co increased 1.1 percent to HK$5.52 . Generally investors have been wary of Chinese financial stocks following concerns over the sector's exposure to bad debts on the mainland and more presently the country's moves toward a more competitive interest rate system. Nonetheless investor sentiment in newly listed China Cinda Asset Management , a state-owned bad debt buyer that went public on Thursday, remains strong. The stock gained 4.4 percent to HK$4.60 Friday after climbing 26 percent in its debut. Chinese shares ended down 0.31 percent. The benchmark Shanghai Composite Index slipped 6.73 points to 2,196.07 on turnover of 72.6 billion yuan . The index declined 1.83 percent for the week. SOUTHEAST ASIAN STOCKS EXCHANGE Thai stocks closed at a 14-week low on Friday as the local political deadlock spurred fund outflows while Indonesian shares faltered due to weakness in the rupiah and on worries over US stimulus tapering, source said to research analyst-PAGE. The Thai SET index was down 1.1 percent at 1,341.13, the lowest end since September 6 , with selling most active in large-caps and telecoms shares, such as Advanced Info Service and PTT. The benchmark dropped 1.5 percent on the week, with a year-to-date loss of 3.7 percent, making it Asia's 2nd worst performer. Foreign investors were net sellers of 3.5 billion baht ( $109.10 million ) on Friday, taking their redemptions since November to around $2.5 billion and nearly $6 billion so far this year, much larger than in many neighbouring markets. The leader of a protest group trying to overthrow Thailand's government and scrap planned elections said on Friday the prime minister should either step down or be forced out, and his movement would then need around a year to push through reforms, source added to him. MUMBAI STOCK EXCHANGE Indian shares declined on Friday to mark their biggest weekly decline in nearly a month, as rate-sensitive stocks such as ICICI Bank declined on caution ahead of the central bank's policy review and the US Federal Reserve meet next week. Stocks declined for a 4th consecutive day to come to pre-exit poll levels after a pickup in retail inflation to its fastest pace on record was seen forcing India's central bank to raise interest rates for a 3rd time on Wednesday. TAIWAN STOCK EXCHANGE Taiwan stocks were nearly flat on Friday morning, with Apple Inc supplier Pegatron Corp slightly higher after Apple said the death of a 15-year-old worker was not caused by working conditions at a Pegatron factory. At 0200 GMT , the main TAIEX index had inched up 0.07 percent or 5.86 points to 8,367.19, after closing flat in the last session. Pegatron increased 0.6 percent, while electronics shares edged down 0.05 percent. Financial gained 0.1 percent and textile shares slipped 0.1 percent. The Taiwan dollar increased 0.148 percent to stand at T$29.616 to the US dollar.
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