Shanghai Composite adds 3.81 percent

| July 23, 2007 | 0 Comments
Shanghai Composite adds 3.81 percent

Equities markets in the Asia-Pacific region were mixed on Monday. Gainers included Hong Kong’s Hang Seng index, which added 0.32 percent to 23,365.56. In Taiwan, the Taiex gained 0.37 percent to 9,621.57, while in India the Sensex was 1.07 percent higher to 15,732.2. In China, meanwhile, the Shanghai Composite closed at 4,213.36, a gain of 3.81 percent.

Indices seeing declines in the region included the Straits Times index in Singapore, which dropped 0.44 percent to 3,635.35. In Australia, the Sydney Ordinaries fell 0.45 percent to 6,427.8 and the S&P/ASX200 was 0.49 percent lower to 6,390.4. The Tokyo equities markets saw bigger declines as the Nikkei 225 and the Topix index each dropped 1.1 percent, to 17,963.64 and 1,757.29 respectively.

Most European markets were higher on the session. The FTSE Eurofirst 300 was 0.58 percent higher to 1,609.07. In Madrid, the IBEX added 0.85 percent to 15,056.7, while the CAC-40 gained 0.87 percent to 6,009.16 in Paris and the Dax was 0.88 percent higher to 7,944.21 in Frankfurt. The London markets were mixed, with the FTSE 100 adding 0.6 percent to 6,624.4 but the FTSE 250 falling 0.38 percent to 11,775.

Wall Street was higher in midday trade. The Dow Jones Industrial Average was 0.81 percent higher to 13,963.34, while the Nasdaq Composite had added 0.54 percent to 2,702.01 and the S&P 500 gained 0.76 percent to 1,545.79. The Russell 3000 index of small and mid-caps was up 0.52 percent to 840.82.

Oil prices were lower on the session after some analysts saw signs that OPEC might pump more oil in the third or fourth quarter. Metals prices also declined.

The US dollar was slightly weaker again, while the Turkish lira gained after Turkey’s ruling party won the general election over the weekend.


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