Sunday, August 19, 2012

Asian stock markets 8/20/2012

Asian stock markets 8/20/2012 : The stock markets in Singapore, the Philippines, Malaysia and Indonesia are closed on Monday for Eid-ul-Fitr, the Muslim holiday that marks the end of the holy month of Ramadan. Indonesia was also closed on Friday for an extended holiday.

The Asian bourses were mixed on Friday as
Japan's Nikkei gained 0.8 percent, while Hong Kong's Hang Seng jumped 0.77 percent, India collected 0.19 percent and China's Shanghai Composite added 0.13 percent.

Japan and Australian stock futures rose after consumer confidence and leading economic indicators in the U.S. topped estimates and amid optimism the European Central Bank may set limits on government bond yields to contain the debt crisis.

Asian markets fell Monday as investor confidence was dragged down by the lack of stimulus measures from policymakers to support the global economy and regain the growth momentum.

The Chinese Shanghai Composite fell 0.96 percent or 20.31 points to 2094.58. Hong Kong's Hang Seng was down 0.83 percent or 166.37 points to 19949.70. Among major losers were China Mobile Ltd (1.49 percent) and China Coal Energy Co Ltd (3.25 percent).

Japan's Nikkei Stock Average was up 0.51 percent or 46.44 points to 9208.94. Among major gainers were JTEKT Corp (2.5 percent), Pioneer Corp (2.26 percent) and Olympus Corp (2.25 percent).

South Korea’s KOSPI Composite Index fell 0.36 percent or 6.93 points to 1939.61. Shares of Samsung Electronics Co Ltd dropped 1.31 percent and shares of Hyundai Motor Co declined 1.43 percent.

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