HONG KONG -- Asian stocks were higher in most markets on Monday, regaining some of the ground lost in last week¿s dismal trading.
index rose 237.30 points, or 1.5%, to 16,245.44, while the
index, which includes all shares listed on the
Tokyo Stock Exchange's
first section, gained 6.22 to 1525.00. The
small-cap index gained 1.81 or 2% to 83.34, while the Nikkei
index climbed 14.74, or 0.9%, to 1717.30.
Mobile phone company
was down 120,000 yen, or 4% to 2.85 million after the
Nihon Kezai Shimbun
said the company had entered negotiations to take a 10-20% stake in
of South Korea. SK was down 8000 won or 2.3% to 337,000.
was up 420 or 4.3% at 10,100.
Matsushita Electric Industrial
was up 80, or 3.3% at 2,495, and
rose 280 or 6.2% to 4,770. Game maker Sega
fell 44 to 1616 after reporting on Friday its third straight annual loss.
Shortly before its closing, Hong Kong's benchmark
index was up 229.35 points, or 1.7% at 13,952.05. The market was propelled by
up HK$3.20 or 6.6% to 52.00. Property and holding company
rose 0.25 to 70.75, while its subsidiary,
was up 1.25 or 1.5% to 83.25.
Pacific Century CyberWorks
rose 0.45, or 3.4%, to 13.85.
index rose 28.79 points to 8588.25.
Taiwan Semiconductor Manufacturing
closed flat at NT$45.50.
index was down slightly, off 0.73 points at 655.93, after falling 6% Friday on concerns of financial troubles within part of the giant
, a favorite among foreign fund managers, was down 7000 won, or 2.5%, at 273,000.
Hyundai Merchant Marine,
one of the two companies said by its bankers to be in short term liquidity difficulties, fell 405, or 9.6% to 3800. South Korea reported Monday that in April, it ran its first current account deficit since 1997.
index, among Asia¿s biggest laggards this year, rose 55.51 points, or 3.9%, to 1482.77 after the dollar fell 0.7% against the recently beaten-up peso.
In other currency trading, the dollar was slightly weaker in Tokyo, fetching 106.80 yen. The euro lost ground against the yen, trading recently around 99.42 yen