Asian Markets Update: Nasdaq Surge Helps Tech Shares Bounce Back
TOKYO -- Asian stock markets ended Wednesday mixed, but a surging
Nasdaq Composite Index
helped the region's technology shares higher.
In Tokyo, the
Nikkei 225
closed up 139.1 points, or 1%, at 14,799.1 and the
Topix
index, which includes all shares listed on the
Tokyo Stock Exchange
, rose 12.9, or 0.9%, to 1402.1.
NEC
(NIPNY)
rose 50 yen, or 2.4%, to 2170 ($20.06),
TDK
(TDK)
TheStreet Recommends
closed up 270 yen, or 2.4%, to 11,440 and technology bellwether
Sony
rose 50 yen, or 0.6%, to 8520.
NTT DoCoMo
(NTDMY)
jumped 170,000 yen, or 6%, to 3.01 million, after the wireless phone operator's first-half results showed surging profits.
Carmaker
Toyota
(TM) - Get Toyota Motor Corporation Report
slipped 50 yen, or 1.2%, to 4290, ahead of reporting its own earnings released after the market closed.
The dollar traded at 108.18 yen from 107.70 yen Tuesday.
Elsewhere, Hong Kong's
Hang Seng
index fell 50.1, or 0.3%, to 15,127.4.
China Mobile
(CHL) - Get China Mobile Ltd. Report
rose HK$0.40, or 0.8%, to 49.90 ($6.40) and
HSBC
(HBC)
fell HK$1.00, or 0.9%, to 112.50.
Taiwan's
TWSE
index also fell, dipping 35.5 points, or 0.6%, to 5737.0.
South Korea's
Kospi
index rose 4.5, or 0.8%, to 557.5, as
SK Telecom
(SKM) - Get SK Telecom Co. Ltd. Report
rose 4,500 won, or 1.7%, to 267,000 ($234.42) and rival
Korea Telecom
(KTC)
closed down 1,700 won, or 2.4%, at 69,200.
