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HONG KONG, Oct 18 (AFP): Asian stocks closed mixed Tuesday with a positive overnight lead from Wall Street having only a limited impact as investors remained cautious over the global economic outlook.
Dealers said Seoul, Sydney and Hong Kong had benefited from gains in New York where a cost savings plan from General Motors had buoyed trade. A higher close in Jakarta and Shanghai was attributed to technical factors while Taipei and Manila were flat.
TOKYO: Share prices chalked up modest losses as the market turned cautious ahead of leading US corporate earnings reports.
The Nikkei-225 index lost 48.05 points to 13,352.24.
Though the mood was cautious there was some support seen from the weakness of the yen, which hit a two-year low against the US dollar, dealers said.
Reflecting caution ahead of the US tech company results, Japanese custom-made chip maker Rohm lost 150 yen to 9,580 and Advantest shed 130 to 8,850. But Kobe Steel gained 18 yen to 334.
SEOUL: Share prices closed 0.84 per cent higher as Samsung Electronics and other blue chips rebounded on bargain-hunting by institutions, with sentiment boosted by Wall Street's overnight rally.
The KOSPI index closed up 9.86 points at 1,186.22. Volume was 516 million shares worth 3.7 trillion won (3.5 billion dollars).
Most other IT stocks were lower, with Hynix down 250 at 22,050, LG Philips LCD down 1,100 at 39,350, and Samsung SDI down 2,000 at 103,000.
HONG KONG: Share prices closed 0.39 per cent higher following Wall Street's overnight gains, with selected blue chips extending earlier gains.
China Mobile was up 0.50 at 34.70.
The Hang Seng Index closed up 56.05 points at 14,597.40 on turnover of 15.19 billion Hong Kong dollars (1.94 billion US dollars).
TAIPEI: The Weighted Index was up 4.52 points at 5,830.79 on turnover of 62.59 billion Taiwan dollars (1.87 billion US).
Taiwan Semiconductor Manufacturing Co gained 0.40 Taiwan dollars to 50.50 while United Microelectronics Corp firmed 0.10 to 19.85 after it announced a stock repurchase plan, recovering on a sell-off by foreign investors Monday.
SHANGHAI: Share prices closed 0.87 per cent higher on a technical rebound with precious metal stocks snapped up on higher underlying product prices and Internet firms buoyed by sustained bargain-hunting.
The Shanghai A-share Index gained 10.36 points to 1,199.08 on turnover of 9.20 billion yuan (1.34 billion dollars) while the Shenzhen A-share Index was up 3.42 points or 1.18 per cent at 291.91 on turnover of 5.10 billion yuan.
SYDNEY: Share prices rose 0.77 per cent with the market boosted by Wall Street's positive lead and a resurgent local resources sector.
He said higher base metal prices helped push the resources sector higher. BHP Billiton jumped 70 cents to 20.75 dollars and Rio Tinto rose 1.95 dollars to 57.90 dollars.
SINGAPORE: Share prices closed 0.19 per cent lower as investors took profits following a recent run-up.
The Straits Times Index fell 4.38 points to 2,284.16. Volume was 1.0 billion shares worth 831 million Singapore dollars (492 million US).
KUALA LUMPUR: Share prices closed 0.18 per cent lower in rangebound trade on caution ahead of the third quarter earnings reporting season.
The Composite Index shed 1.63 points to 922.64. Volume was 367.07 million shares worth 563.17 million ringgit (149 million dollars).
Proton Holdings was up 0.10 at 8.65 ringgit.
BANGKOK: Share prices closed 0.16 per cent lower on continued profit-taking as investors remained concerned on the eve of a possible interest rate hike by Thai central bank authorities.
The Composite Index fell 1.10 points to 695.18 on trade of 2.2 billion shares worth 11.3 billion baht (278.43 million dollars).
Kasikornbank gained 0.50 baht to 59.00, Siam Commercial Bank rose 0.25 to 48.75 while Bangkok Bank closed unchanged on 99.50.
JAKARTA: Share prices closed 0.53 per cent higher led by gains in market heavyweights Astra International and Telkom.
The composite index added 5.782 points to 1,095.873 on volume of 881.80 million shares worth 892.33 billion rupiah (88.37 million dollars).
Telecom firm Telkom rose 150 to 5,350 rupiah while rival Indosat was flat at 5,550. Carmaker Astra International gained 150 rupiah to 9,650.
MANILA: Share prices closed flat as investors kept to the sidelines, awaiting a Supreme Court decision on a vital tax bill.
The Composite Index fell 0.13 points to 1,947.33. Volume amounted to 287.01 million shares worth 498.24 million pesos (8.9 million dollars).
SM Investments Corp was top-traded, rising four pesos to 218 pesos.
WELLINGTON: Share prices closed 0.35 per cent lower due to caution over the country's economic outlook, dealers said, adding Monday's announcement of a new government had little impact on the market.
The NZSX-50 Index fell 11.77 points to 3,346.85 on light turnover of 73 million dollars (51 million US).
Fletcher Building shed 11 cents to 7.88 dollars after brokerage Citigroup upped its profit forecasts but downgraded the stock to "hold" from "buy" after a strong share price rise.
MUMBAI: Share prices fell 0.98 per cent in volatile trading as overseas fund buying slowed alongside sharp sales by retail investors and domestic funds in large capitalised companies.
The 30-share Sensex fell 80.37 points to 8,122.25 on volumes worth 27.55 billion rupees (609 million dollars).
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