Asian Stock Market

July 14th, 2008 - 12:04 pm ICT by Amrit Rashmisrisethi  

Asian Stock Market Summary for last week

Nikkei 225 finished down 0.2 percent at 13,039.69, after news the U.S. government may take over struggling mortgage giants Fannie Mae and Freddie Mac failed to completely clear up uncertainty about the credit crisis.

The KOSPI index closed high , up to 2 percent at 1,567.51.

S&P/ASX 200 index rose 0.9 percent at 4,979.9.

The Shanghai Composite Index closed down 0.65 percent at 2,856.63, led by property stocksThe Shanghai A-share Index was down 0.66 percent at 2,996.28. The Shenzhen A-share Index fell 1.13 percent to 901.93.The Shanghai B-share Index rose 0.11 percent to 219.77, while the Shenzhen B-share Index lost 0.73 percent to 477.64.

Manila’s 30-company composite index closed 0.5 percent lower at 2,437.99, as the inflation-wary investors opted to sit on the sidelines ahead of the weekend following a rebound in crude oil prices back above $140 a barrel.

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