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Equity Market News 19th May 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

19/05/05

Permalink 07:19:12 pm, Categories: Tokyo Nikkei & Topix, 181 words  

Lower oil prices help Asia markets

All regions in Asia saw gains in their equities markets on Thursday.

Factors in the gains included positive results in New York, falling oil prices, and data indicating that inflation is stable in the US.

Hong Kong’s market was the smallest gainer on the day as the Hang Seng index rose 0.5 percent, to 13,698.93.

Investors’ mood was subdued by rises in domestic interest rates when HSBC, Hong Kong’s largest bank, raised its prime interest rate 50 basis points and other banks soon followed suit.

Technology stocks were a factor in Singapore, as the Straits Times index had its first positive day in five sessions as it rose 0.6 percent to 2,167.27. In Taipei, technology stocks were also a factor as they helped volume improve. The weighted index up 1.4 percent to 5,970.71. Sydney post ed a five-week high, rising 1.4 percent to 4,044.5.

Tokyo markets had their best day since the beginning of the year. The Nikkei 225 was up 2.2 percent to 11,077.16 and the Topix index gained 2 percent to 1,131.42. Export-oriented stocks did especially well. Gains by importers helped the composite index in Seoul to rise by 2.3 percent to 952.09.

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