HONG KONG: Asian stocks were mixed Wednesday with Tokyo pressured by a plunge in shares of Japan Airlines, amid fears Asia’s biggest carrier may file for bankruptcy. Tokyo ended its final trading session of the year down 0.86 percent. However the index was up 19.0 percent over 2009, having tumbled 42.1 percent in 2008.
Hong Kong ended flat in thin holiday trade, while Sydney slipped 0.24 percent. Seoul pushed 0.62 percent higher despite earlier losses. Shanghai was the region’s strongest performer, powering 1.58 percent ahead. Markets in the Philippines were closed for a public holiday.
TOKYO: Down 0.86 percent. The Nikkei-225 index fell 91.62 points to 10,546.44 on the last trading day of 2009. Shares in Japan Airlines plunged 23.9 percent to 67 yen on growing fears that the troubled carrier might file for bankruptcy, dealers said. The shares slid to 60 yen at one point, the lowest level since JAL merged with Japan Air System Co in 2002.
HONG KONG: Flat. The Hang Seng Index edged down 2.82 points, or 0.01 percent, to close at 21,496.62.
SYDNEY: Down 0.24 percent. The S&P/ASX 200 index dropped 11.8 points to 4,833.3.
SHANGHAI: Up 1.58 percent. The Shanghai Composite Index, which covers both A and B shares, was up 50.84 points at 3,262.60.
SEOUL: Up 0.62 percent. The KOSPI ended up 10.29 points at 1,682.7 on the last trading day of the year. The market started the day in negative terrain, pulled down by units of the liquidity-squeezed Kumho group and by banks.
TAIPEI: Up 0.73 percent. The weighted index rose 58.45 points to 8,112.28. Gainers led losers by 1,735 to 1,082 with 308 stocks unchanged.
SINGAPORE: Up 0.35 percent. The Straits Times Index rose 10.00 points to 2,879.76.
BANGKOK: Down 1.03 percent. The Stock Exchange of Thailand (SET) composite index fell 7.62 points to close at 734.54 points.
KUALA LUMPUR: Down 0.32 percent. The Kuala Lumpur Composite Index shed 4.10 points to close at 1,271.12.
JAKARTA: Up 0.61 percent. The Jakarta Composite Index gained 15.36 points to 2,534.36.
WELLINGTON: Down 0.13 percent. The NZX-50 index dropped 4.22 points to 3,220.91. afp
Wednesday, December 30, 2009
Asian stocks mixed, Tokyo hit by JAL plunge
HONG KONG: Asian stocks were mixed Wednesday with Tokyo pressured by a plunge in shares of Japan Airlines, amid fears Asia’s biggest carrier may file for bankruptcy. Tokyo ended its final trading session of the year down 0.86 percent. However the index was up 19.0 percent over 2009, having tumbled 42.1 percent in 2008.
Hong Kong ended flat in thin holiday trade, while Sydney slipped 0.24 percent. Seoul pushed 0.62 percent higher despite earlier losses. Shanghai was the region’s strongest performer, powering 1.58 percent ahead. Markets in the Philippines were closed for a public holiday.
TOKYO: Down 0.86 percent. The Nikkei-225 index fell 91.62 points to 10,546.44 on the last trading day of 2009. Shares in Japan Airlines plunged 23.9 percent to 67 yen on growing fears that the troubled carrier might file for bankruptcy, dealers said. The shares slid to 60 yen at one point, the lowest level since JAL merged with Japan Air System Co in 2002.
HONG KONG: Flat. The Hang Seng Index edged down 2.82 points, or 0.01 percent, to close at 21,496.62.
SYDNEY: Down 0.24 percent. The S&P/ASX 200 index dropped 11.8 points to 4,833.3.
SHANGHAI: Up 1.58 percent. The Shanghai Composite Index, which covers both A and B shares, was up 50.84 points at 3,262.60.
SEOUL: Up 0.62 percent. The KOSPI ended up 10.29 points at 1,682.7 on the last trading day of the year. The market started the day in negative terrain, pulled down by units of the liquidity-squeezed Kumho group and by banks.
TAIPEI: Up 0.73 percent. The weighted index rose 58.45 points to 8,112.28. Gainers led losers by 1,735 to 1,082 with 308 stocks unchanged.
SINGAPORE: Up 0.35 percent. The Straits Times Index rose 10.00 points to 2,879.76.
BANGKOK: Down 1.03 percent. The Stock Exchange of Thailand (SET) composite index fell 7.62 points to close at 734.54 points.
KUALA LUMPUR: Down 0.32 percent. The Kuala Lumpur Composite Index shed 4.10 points to close at 1,271.12.
JAKARTA: Up 0.61 percent. The Jakarta Composite Index gained 15.36 points to 2,534.36.
WELLINGTON: Down 0.13 percent. The NZX-50 index dropped 4.22 points to 3,220.91. afp
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