Regional markets climb

Business | 9 Sep 2019 3:31 pm

Regional stocks edged higher today amid a cautious mood as investors pinned their hopes on expected global stimulus to support slowing growth in the world’s major economies.

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent.

In Tokyo, stocks closed higher. The 225-issue Nikkei Stock Average added 118.85 points, or 0.56 percent,  to close the day at 21,318.42. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 14.01 points, or 0.91 percent, to finish at 1,551.11.

In Seoul, South Korean stocks closed higher. The benchmark Korea Composite Stock Price Index (KOSPI) moved up 10.42 points, or 0.52 percent, to close at 2,019.55. Trade volume was high at 503 million shares worth 4.3 trillion won (US$3.6 billion), with losers outnumbering gainers 508 to 320.

The index hovered above the psychologically significant level of 2,000 for the third session as well, after breaching the mark for the first since August 1 on Wednesday.

Taiwan shares closed up 20.50 points, or 0.19 percent, at 10,801.14 on turnover of NT$115.994 billion (US$3.715 billion). -Reuters/The Standard 


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