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Friday, March 19, 2010

Asian markets mixed

 HONG KONG: Asian stock markets turned in a mixed performance Friday, fluctuating as uncertainty over debt-laden Greece weighed on investors.

In Japan, the Nikkei 225 stock average fell 71.49 points, or 0.7percent, to 10,815.52. Hong Kong's Hang Seng lost 53.00 points, or 0.3 percent, to21,277.67 and South Korea's Kospi was up 5.98 points, or 0.4percent, at 1,681.15.

Elsewhere, Shanghai's market eased 0.4 percent, Australia's index ticked 0.1 percent higher and Taiwan's market dropped 0.3 percent. Oil prices were lower in Asia, the benchmark contract shedding 35cents to $81.85 a barrel. The contract lost 73 cents overnight.

In currencies, the dollar gained to 90.43 yen from 90.35 yen. The euro was higher at $1.3620 from $1.3603. Overnight on Wall Street, modestly positive economic data helped pull Wall Street to another higher finish.

The Dow rose 45.50, or 0.4 percent, to 10,779.17. That marks the highest close since Oct. 1, 2008. The Dow last rose for eight straight days in the period ended Aug. 27. The broader Standard & Poor's 500 index slipped 0.38, or less than 0.1 percent, to 1,165.83.

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