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Asian Market Roundup Dec 17

Asian Market Roundup Dec 17

Write: Griswold [2011-05-20]

China
Chinese shares fell Friday driven down by financial stocks over rate rise concerns.

The benchmark Shanghai Composite Index closed down 0.15 percent, or 4.40 points, to end at 2,893.74 points.

The Shenzhen Component Index declined 0.28 percent, or 36.08 points, to end at 12,759.60.

Total turnover shrank to 183.53 billion yuan (27.56 billion U.S. dollars), down from 215.9 billion yuan the previous trading day.

Hong Kong stocks closed up 46.07 points, or 0.2 percent, at 22,714.85 on Friday.

Turnover totaled 72.54 billion HK dollars (about 9.33 billion U. S. dollars) compared with Thursday's 76.27 billion HK dollars (1 U. S. dollar is equivalent to 7.776 HK dollar).

Japan
Tokyo stocks closed largely flat Friday, with the key Nikkei stock index shedding 0.07 percent as signs of overheating weighed on the market along with a strengthening yen, although foreign purchases of financial issues leant support on the last trading day of the week.

The 225-issue Nikkei Stock Average lost 7.46 points from Thursday to 10,303.83, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 0.70 point, or 0. 08 percent, to close at 903.14.

Australia
Australian shares fell 0.4 percent on Friday and snapped a six-day winning streak, hurt by weak metal prices that pulled miners lower.

The benchmark S&P/ASX200 Index had dropped 0.44%percent, 20.90 points to 4,763.10 points, while the broader All Ordinaries Index fell 0.32% percent, 15.80 points to 4,853.00 points.