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ASEAN STOCK WATCH Updated: 12 March 2010
Shayne Heffernan
www.livetradingnews.com
Most Asian Exchanges will post losses today after another sideways night in the USA. Many exchanges across Asia started to drift yesterday afternoon and today that direction will continue. Bangkok rallied in defiance of the political protests.
In Hong Kong, the Hang Seng Index ended in positive territory with a marginal gain of 19.91 points, or 0.09%, at 21,228, as investors preferred to lock in gains amid concern that mainland China might further tighten monetary policy measures to cool off the growing economy after inflation surged up more than expected in February. Lack of economic data and cues about global economy called for caution among traders as index ended with marginal gains.
The Indian market ended modestly higher on Thursday, helped by late buying following a gain in the U.S index futures. IT stocks outperformed on improving business outlook. After trading in a lackluster manner for most of the day, the 30-share Sensex dramatically gained over 100 points in late trading before paring some gains and finishing at 17,168, up 70 points or 0.41%, while the 50-share Nifty ended up 17 points or 0.34% at 5,133. more
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