Asia Has Mixed Session
02/01/08 - 02:23 PM EST
Daniel M. Harrison
Macquarie recommends selling Taiwanese and South Korean exporters like Kia Motors and Acer, and says that Hong Kong and India offer the greatest protection from a downturn. Rocks also likes telcos and properties as "insular" plays.
Kia dipped 1% to 10,250 won, while Acer rose 1.3%, to NT$50.10. The South Korean Kospi rose 9 points, or 0.6%, to 1634, and Taiwan's Taiex gained 152 points, or 2%, to 7673. In India, shares tracked Hong Kong's performance, as the Bombay Sensitive Index jumped 594 points, or 3.4%, to 18,242.
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