Equity Alert: Key Asian markets mixed; Japanese auto cos fall
MUMBAI--8:35AM--Key Asian markets were mixed today, as continued
uncertainty
about the US government's proposed $700 bln bank bailout plan weighed
on the
financial sector.
The US bailout package unveiled last week fuelled a temporary
rally in
global markets, but concern the Congress may delay the plan and
uncertainty
about its final form have overshadowed that optimism.
Japanese auto companies declined after a report showed export
growth slowed
in August, led by car shipments as the worsening financial crisis cut
demand.
Honda Motor Corp declined 4% and Toyota Motor Corp fell 3%.
Bargain buying helped Hong Kong's Hang Seng rise over 1%.
.
Index Last level Change in %
Singapore's Straits Times 2461.09 (-)0.7
Japan's Nikkei 12011.31 (-)0.9
Hong Kong's Hang Seng 19194.07 1.2
South Korea's Kospi 1502.98 0.5
Taiwan's Taiex 6146.13 0.2
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