TMCnet News
Some losses in Asia on concerns over China [ecPulse](ecPulse Via Acquire Media NewsEdge) Asian stocks failed to hold to yesterday's gains as China's factory orders contracted in July. The tightening measures that China is adopting to cool inflation may have started to pressure growth. As fears spread throughout the markets demand for higher yielding assets fell and the MSCI Asia Pacific Index was little changed at 136.86 at 15:15 in Tokyo. Nikkei 225 Nikkei 225 rose today by 0.04% or 4.49 points closing at 10010.39. From 225 shares, 81 advanced, 122 declined and 22 unchanged. Sectors leading the incline were consumer services that gained 12.99 points and the technology that gained 4.44 points. Among the shares that advanced Fast Retailing Co Ltd topped the list by rising 2.85% closing at 13720 yen, followed by Softbank Corp which rose by 0.48% and closing at 3165 yen. And Canon Inc Corp which rose by 0.67% and closing at 3735 yen. Lagging shares today were TDK Corp which fell by 2.17% closing at 4280 yen, second was Honda Motor Co Ltd which fell by 0.63% closing at 3165 yen. And Kyocera Corp which fell by 0.48% closing at 8260 yen. S&P/ASX 200 The S&P/ASX 200 rose today by 0.14% or 81.60 points closing at 4549.70. From 200 companies, 178 shares ended green, 10 ended in red and 12 unchanged. Sectors leading the incline were the financials that gained 3.74 points and basic materials that gained 3.50 points. White Energy Co Ltd inclined the most today as it rose 11.65% closing at 2.06 Australian dollars, followed by Gindalbie Metals Ltd surging 10.96% closing at 0.81 Australian dollars, and Paladin Energy Ltd that surged by 6.33% closing at 2.52 Australian dollars. Lagging shares today included CSR Ltd that retreated 4.03% closing at 2.62 Australian dollars, trailed by Resolute Mining Ltd loosing 2.88% closing at 1.35 dollars. And ResMed Inc falling 2.62% closing at 2.97 Australian dollars. Hang Seng Hang Seng fell today by 0.07% or 16.40 points to close at 21987.29. From 46 companies, 15 rose today, while 26 fell, and 5 unchanged. Sectors leading the decline were oil & gas that lost 46.54 points and the technology that lost 14.47 points. Lagging shares today were CNOOC Ltd which fell 3.55% closing at 16.86 Hong Kong dollars, and Tencent Holdings Ltd falling by 1.93% closing at 203.60 Hong Kong dollars. And Bank of China Ltd falling by 0.85% closing at 3.51 Hong Kong dollars. The shares that advanced were China Mobile Ltd topped the list by rising 2.01% closing at 76.05 Hong Kong dollars, followed HSBC Holdings PLC that rose by 0.93% closing at 75.90 Hong Kong dollars. And Hutchison Whampoa Ltd that rose by 2.10% closing at 85.10 Hong Kong dollars. (c) 2011 ecPulse.com All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |