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Wednesday 29th of October 2008
April 28, 2008

Asia equities mixed


by Elaine Frei
Asia equities mixed

Asia-Pacific region equities were mixed Monday, with gains led by banks.

In Australia, the Sydney Ordinaries added 0.2 percent to 5,670.3 and the S&P/ASX200 was up 0.28 percent to 5,602.7, while elsewhere the Straits Times Index was 0.39 percent higher to 3,201.63, the Hang Seng gained 0.59 percent to 25,666.29 and the Taiex jumped 1.47 percent to 9,079.6.

Decliners included the Kospi index, which was down 0.08 percent to 1,823.17 in South Korea, while the Sensex fell 0.64 percent to 17,015.96 in India and the Shanghai Composite dropped 2.33 percent to 3,474.72.

Tokyo equities markets were mixed on, with the Nikkei 225 up 0.22 percent higher to 13,894.37 and the Topix index 1.63 percent higher to 1,361.75 but the Mothers market of small and mid-caps falling 1.6 percent to 601.38.

European markets were higher on the session, with the FTSE Eurofirst 300 adding 0.58 percent to 1,338.6 while the Dax was up 0.42 percent to 6,925.33 in Frankfurt, the CAC-40 was 0.69 percent higher to 5,012.75 in Paris and the IBEX gained 0.76 percent to 13,877.8 in Madrid.

London’s markets were mixed, with the FTSE 100 down 0.02 percent to 6,090.4 and the FTSE 250 0.98 percent higher to 10,117.5.

New York equities markets were slightly higher in early afternoon trade as the Dow Jones Industrial Average was up 0.13 percent to 12,908.47 while the Nasdaq Composite added 0.23 percent to 2,428.59 and the S&P 500 gained 0.15 percent to 1,399.92.

Crude oil prices hit a new record at nearly $120 per barrel and remained up in afternoon trade. Metals prices were also higher while grains prices were mixed.

The Australian and New Zealand dollars were higher versus the US dollar and the yen, while the pound also gained on the dollar.

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