News Column

Asia shares end higher

February 27, 2014



Asia's markets mostly rose yesterday as investors brushed off a weak batch of data from the United States, while the dollar edged up against the yen. The euro also enjoyed support after European officials raised their growth forecasts, as the region slowly recovers from its debilitating debt crisis. Tokyo dived more than 1 per cent at the open on a stronger yen. But the market later picked up, in line with a greenback revival, and by the end of trade the Nikkei was 0.54 per cent, or 80.63 points, lower at 14,970.97. Seoul rose 0.30pc, or 5.91 points, to 1,970.77 and Sydney closed flat, edging up 3.2 points to 5,427.0. Shanghai added 0.35pc, or 7.04 points, to 2,041.25, following recent losses caused by liquidity fears and concern about possible moves to rein in property prices. In other markets: Mumbai rose 0.65pc, or 134.52 points, to end at 20,986.99 points. JSW Energy gained 5.64pc or 2.75 rupees to 51.55 rupees to a share and Max India rose 5.36pc or 9.75 rupees to 191.65 rupees per share. Bangkok added 0.06pc, or 0.74 points, to 1,304.62. Oil company PTT fell 0.69pc to 286.00 baht, while telecoms company True Corporation gained 0.69pc to 7.30 baht. Jakarta ended down 0.97pc, or 44.57 points, at 4,532.72. Singapore closed down 0.50pc, or 15.37 points, at 3,088.25. Kuala Lumpur's fell 11.20 points, or 0.61pc, to close at 1,822.55. Taipei added 0.29pc, or 25.24 points, to 8,600.86. Wellington rose 0.11pc, or 5.69 points, to 4,973.20. Manila added 0.43pc, or 27.05 points, to 6,322.60.

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Source: Daily Tribune (Bahrain)


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