Growth fears on Asian markets
by Brian Turner
The Asian markets were mixed on Wednesday: oil prices had a negative impact, as did concerns about strong economic growth in China, while a positive quarterly earnings report from Intel didn’t have much impact at all.
In Tokyo, the Nikkei 225 average rose 0.2 percent to 11,088.58 and the Topix index rose 0.4 percent to 1,131.53.
In the technology sector Sony fell 1 percent, but Cannon was up 0.7 percent, Matsushita gained 1.2 percent, Advantest ended the day up 0.1 percent after being up 2.2 percent earlier in the day, and Tokyo electron posted a 1 percent gain after reporting a 16 percent rise in quarterly orders.
Japan Airlines continued to rebound with a 0.3 percent rise, while All Nippon Airways closed unchanged.
In Shanghai, the composite index closed down 1.3 percent at 1,184.19. In Taipei the good news from Intel had no effect on the technology sector and the weighted index ended the day 1 percent lower at 5,693.01.
In Seoul, the composite index rose 0.5 percent to 937.36. Bangkok’s SET index rose 0.9 percent to 684.19 when Thailand’s central bank left interest rates the same. In Manila, bargain hunting pushed the composite index up 1.1 percent to 1,854.97.
Discuss this in the Finance Markets forums
Story link: Growth fears on Asian markets
Add to Bookmarks:
Related financial stories to: Growth fears on Asian markets
- Asian markets concerned about growth
- Asian markets rally after falls
- Asian markets find new record highs
- Asian equities markets decline
- Recession fears as UK economic growth weakest for three years
- Asian markets mostly lower again
- Asian markets mostly higher; Tokyo mixed
- Most Asian markets higher; US, Europe decline
- Asian markets mixed
- Economic growth report helps Tokyo markets
Previous: « Altria posts strong first quarter profit
Next: Allied Domecq ripples FTSE »
Visited 330 times, 1 so far today
