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Asian markets continue recovery on American deal
by hlk Mon 01 Aug 2011, 14:02
KUALA LUMPUR: Asian financial markets continued to recover at mid-day Monday, after United States lawmakers reached a deal to raise the nation's borrowing limit by US$2.1 trillion and avoid a nightmarish debt default by the world's largest economy.
At 12.30pm today, Tokyo's Nikkei 225 was up 1.90% to 10,019.67 while Hong Kong's Hang Seng Index rose 1.51% to 22,779.14 and Shanghai's A share index was 0.15% higher at 2,705.70.
The benchmark FBM KLCI was up 0.53% to 1557.04 and Singapore's Straits Times Index was 1.11% higher at 3,224.55.
At Bursa Malaysia, gainers outpaced losers by 442 to 197 while 265 other counters were traded unchanged.
There were 530.66 million shares done with a total turnover of RM601.3 million.
Among the gainers were Petronas Chemicals Group Bhd which was up 15 sen to RM7.00, CIMB Group Holdings Bhd which was up 14 sen to RM8.41 and Eastern & Oriental Bhd which rose 12 sen to RM1.68.
The losers included Ann Joo Resources Bhd which fell 21 sen to RM2.78 and PCCS Group Bhd which fell 5 sen to 50 sen.
At mid-day, spot gold was US$11.24 lower at US$1,615.81 per ounce while silver slipped 25 cents to US$39.65.
Nymex crude oil in electronic trade gained US$1.28 to US$96.98 per barrel while Brent crude added US$1.57 to US$118.31.
Crude palm oil futures for November delivery rose RM20 to RM3,113 per tonne.
The ringgit was quoted at 2.94 to the US dollar and 4.23 to the euro.
At 12.30pm today, Tokyo's Nikkei 225 was up 1.90% to 10,019.67 while Hong Kong's Hang Seng Index rose 1.51% to 22,779.14 and Shanghai's A share index was 0.15% higher at 2,705.70.
The benchmark FBM KLCI was up 0.53% to 1557.04 and Singapore's Straits Times Index was 1.11% higher at 3,224.55.
At Bursa Malaysia, gainers outpaced losers by 442 to 197 while 265 other counters were traded unchanged.
There were 530.66 million shares done with a total turnover of RM601.3 million.
Among the gainers were Petronas Chemicals Group Bhd which was up 15 sen to RM7.00, CIMB Group Holdings Bhd which was up 14 sen to RM8.41 and Eastern & Oriental Bhd which rose 12 sen to RM1.68.
The losers included Ann Joo Resources Bhd which fell 21 sen to RM2.78 and PCCS Group Bhd which fell 5 sen to 50 sen.
At mid-day, spot gold was US$11.24 lower at US$1,615.81 per ounce while silver slipped 25 cents to US$39.65.
Nymex crude oil in electronic trade gained US$1.28 to US$96.98 per barrel while Brent crude added US$1.57 to US$118.31.
Crude palm oil futures for November delivery rose RM20 to RM3,113 per tonne.
The ringgit was quoted at 2.94 to the US dollar and 4.23 to the euro.
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