Thursday May 15, 08:43 AM
Asian stock market summary
MUMBAI (Thomson Financial) - JAPAN
Nikkei (news) closed up 0.9 percent at 14,251.74, as investors sought out bargains after Wall Street advanced overnight.
Sony Corp (Munich: 853687 - news) .'s upbeat earnings guidance provided an additional boost to market sentiment.
SOUTH KOREA
The KOSPI index closed up 2.3 percent at 1,885.71, the best level since late December, as major exporters soared on a strong earnings outlook amid easing concerns about the U.S. economy and the won's continued depreciation against major rivals.
AUSTRALIA
The S&P/ASX 200 closed up 0.3 percent at 5,890.7, its highest level since mid-January, though market leader BHP Billiton (LSE: BLT.L - news) retreated from record highs reached in the previous session on speculation that China's state-owned aluminium group Chinalco was about to mount a share raid.
The All Ordinaries index gained 0.4 percent at 5,964.9.
CHINA
The benchmark Shanghai Composite Index closed down 0.55 percent at 3,637.32 led by banks as investors booked profits after a significant rebound in the previous session.
Agricultural and pharmaceutical stocks also tumbled.
The Shanghai A-share Index fell 0.55 percent to 3,816.50, while the Shenzhen A-share Index was down 0.55 percent at 1,191.00.
The Shanghai B-share Index gained 0.23 percent to 259.99, while the Shenzhen B-share Index was up 0.77 percent at 559.48.
TAIWAN
The weighted index closed up 1.54 pct at 9,157.18, after Wall Street's stronger close on benign US inflation data and a pullback in oil prices.
Recent position-building by foreigners further boosted sentiment.
PHILIPPINES
The Manila's composite index rose 0.6 percent to 2,878.26, extending a rally for the seventh straight session, after Wall Street rose overnight following better-than-expected U.S. inflation data for April and with oil prices retreating further.
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