Asia-Pacific markets see mixed session

| December 7, 2007 | 0 Comments
Asia-Pacific markets see mixed session

Asia-Pacific equities markets were mixed on Friday. Among gainers, the Straits Times index added 0.15 percent to 3,557.95 in Singapore. Taiwan’s Taiex index was up 0.32 percent to 8,722.38. In Australia, the Sydney Ordinaries gained 0.8 percent to 6,714 while the S&P/ASX200 was 0.82 percent higher to 6,654.7. The Sensex added 0.86 percent to 19,966 and the Shanghai Composite jumped 1.13 percent to 5,091.76. Losers included South Korea’s Kospi index, which fell 0.97 percent to 1,934.32 and the Hang Seng, which was 2.42 percent lower to 28,842.47 in Hong Kong. Tokyo’s markets were also mixed. The Nikkei 225 added 0.52 percent to 15,956.37 and the Topix index gained 0.61 percent to 1,561.76, but the Mothers market was 2.91 percent lower to 885.23.

Equities made gains in Europe. The Eurofirst 300 added 0.69 percent to 1,538.51. In Frankfurt, the Dax was up 0.67 percent to 7,994.07 while the CAC-40 and the IBEX each added 0.79 percent to 5,718.75 and 15,819.6 respectively. In London, the FTSE 100 added 1.07 percent to 6,554.9 and the FTSE 250 gained 1.31 percent to 10,632.9.

Wall Street ended the session mixed. The Dow Jones Industrial Average added 0.04 percent to 13,625.58, adding only 5.69 points, while the Nasdaq Composite dropped 0.11 percent to 2,706 and the S&P 500 fell 0.18 percent to 1,504.66.

Crude oil and precious metals prices fell on the session, while copper saw gains in both New York and London. Wheat prices were up to their daily limit on increased demand, while corn and soybeans saw gains on weather issues.

The dollar saw gains for a third day in a row, while the yen and Swiss franc both continued to weaken as investors continued to seek out risky investments.

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