Market Updates
Metals Boost Australia 1%
Elena
27 Mar, 2006
New York City
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Asian-Pacific benchmarks closed higher Monday. The Nikkei rose 0.5% to 16,650.10, lifted by real-estate and consumer-related issues. Australia All Ordinaries surged 1% to 5,088.1, boosted by merger-and-acquisition acrivity and strong resource stocks. South Korean Kospi gained 0.7% on tech stocks, Taiwan Weighted index rose 0.7%, and Hong Kong Hang Seng added 0.6%
[R]7:45AM Asian markets broadly advanced. Australian shares hit a new high.[/R]
Asian-Pacific benchmarks finished mostly in the positive at the start of a week, heavily loaded with economic data. The Nikkei climbed 0.5% to 16,650.10, supported by property developers and consumer-related stocks, including Mitsubishi Estate, Sumitomo Realty, and Toyota Motor. Australia All Ordinaries hit a new high, rising 1% to 5,088.1, reflecting merger activity and strength among resource stocks like BHP Billiton and Rio Tinto. Among other regional markets, South Korea’s Kospi gained 0.7% on tech stocks, led by Samsung Electronics, Taiwan Weighted index rose 0.7%, and Hong Kong’s Hang Seng added 0.6%
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