Asia: Profits push shares higher
Asian stocks hit a two-week high Thursday, led by Japanese exporters, after Matsushita Electric Industrial increased its profit forecast and Honda Motor posted record earnings.
Kookmin Bank paced gains by lenders after South Koreas financial regulator said net income jumped at the nations biggest banks. David Jones, one of Australias largest department stores, advanced after lifting its earnings forecast.
The overall earnings outlook seems good, said Mitsushige Akino at Ichiyoshi Investment Management. Earnings announcements reassured investors that the fundamentals of most companies business remain solid.
More : iht.com
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Indonesian Shares End Lower On Weak Rupiah, Falls In Asia
ndonesian shares ended lower Monday, hurt by a weaker rupiah and falls in most major Asian markets after stocks in the U.S. tumbled Friday, dealers said.
They said overall sentiment was also hit by concerns over high oil prices and as many investors switched out of their equity funds to bid for the IDR3 trillion in government bonds scheduled to be issued Tuesday.
"These factors are good reasons for investors to continue to lock in profits," said a trader with Paramitra Securities.
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Asia markets mostly higher
Asian market were mostly higher on Friday, with technology-heavyweights South Korea and Taiwan tracking gains in the Nasdaq Composite, while Japans Nikkei Average traded flat with minor advances in large industrial shares and commodities-related issues.
Japans 225-issue Nikkei Average fell as much as 11.02 points, or 0.06%, to 17,188.13. The Topix index fell as much as 5.81 points to 1,737.96.
Around the region, South Koreas main index gained as much as 1%. Shares in Taiwan and Shanghai were up about 0.5%. Markets in Hong Kong, New Zealand and Australia were closed for the Easter holiday.
In Tokyo
Asia Roundup: Marts end on weaker note
HONG KONG: Asian markets closed mostly lower yesterday as investors took profits on Thursdays sharp gains after a volatile week marked by high oil prices and escalating violence in the Middle East, dealers said.
TOKYO: Shares fell for the first day in three as a pullback on Wall Street overnight prompted investors to lock in some of the sharp gains posted Thursday, dealers said. The Nikkei-225 index declined 125.58 points at 14,821.26.
SEOUL: Prices closed 0.15 per cent lower, slipping back after Thursdays sharp gains following a weaker Wall Street performance overnight, dealers said. The
