TOKYO -- Asian equity markets ended mixed Thursday, as investors in Japan stepped in to buy some oversold technology stocks, but in South Korea and Taiwan tech shares continued tumbling lower.
In Tokyo, the
closed up 37.1, or 0.2%, to 15,550.7. But the
index, which includes all shares listed on the
Tokyo Stock Exchange
, fell 5.7, or 0.4%, to 1454.1, as sentiment remained cautious following a poor close by Wall Street Wednesday.
Technology shares that have taken a beating over the past couple of days rebounded with a vengeance. Chipmaker
, which fell 5.3% on Wednesday, surged 110 yen, or 5.1%, to 2,160 ($20.07) and
, which dropped 5.2% Wednesday, rose 65 yen, or 3%, to 2,270.
Things didn't go quite so well for telcos, as
Nippon Telegraph & Telephone
fell 40,000 yen, or 3.6%, to 1.08 million and wireless operator
dropped 80,000 yen, or 2.5%, to 3.08 million.
The dollar was trading down to 107.63 yen from 107.86 Wednesday.
Elsewhere, South Korea's stock market looked like it might recoup part of its 5.3% loss from Wednesday in early trade, but after all was said and done the
index ended down 22.5, or a further 4%, to 534.7.
index fell 235.5, or 3.9%, to 5805.0, as big chipmakers continued to feel the pain and the government reinstated the market's normal limit for a maximum 7% fall per day. Hong Kong's
index fell 52.2, or 0.4%, to 15,074.8.