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Asian shares open the week in mixed mood

Asian shares open the week in mixed mood
AP
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First Published: Mon, Jan 24 2011. 08 49 AM IST
Updated: Mon, Jan 24 2011. 08 49 AM IST
Tokyo: Asian shares were mixed on Monday, with Japan’s key index snapping a two-day losing streak as investors hunted for bargains.
The Nikkei 225 stock market added 0.4% to 10,313.46.
Honda Motor Co. led the country’s top three automakers higher after a ratings upgrade from Nomura Securities Co. The issue jumped 3.2%, while rival Toyota Motor Co. added 1.2%.
Elsewhere, Australia’s S&P/ASX 200 rose 0.2% to 4,767.00 and the Shanghai Composite index was up 0.1% at 2,716.89. Benchmarks in Singapore and New Zealand also gained ground.
South Korea’s Kospi lost 0.1% to 2,069.54 as the index fluctuated between positive and negative. Hong Kong’s Hang Seng index slipped 0.1% to 23,858.35.
Wall Street ended the week Friday on a mixed note. The Dow Jones industrial average rose 49.04 points, or 0.4%, to close at 11,871.84, helped by strong profits at General Electric Co. The Standard & Poor’s 500 index gained 3.09 points, or 0.2%, to 1,283.35.
But technology stocks did not fare as well, with Apple Inc. and Microsoft Corp. losing more than 1%. The technology-focused Nasdaq composite index slid 14.75 points, or 0.5%, to 2,689.54.
In currencies, the dollar was trading at ¥82.69 from ¥82.54 late Friday. The euro stood at $1.3603 from $1.362.
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First Published: Mon, Jan 24 2011. 08 49 AM IST