TOKYO -- Most Asian equity markets closed higher Tuesday, as technology shares in South Korea and Taiwan jumped while most Japanese investors remained on the sidelines.
In Tokyo, shares remained under pressure ahead of the release of some big-name earnings. The
closed up 50.2, or 0.3%, at 15,148.2, but the
index, which includes all shares listed on the
Tokyo Stock Exchange
, fell 11.4, or 0.8% to end the day at 1422.8.
rose 10 yen, or 0.4%, to 2,260 ($20.86) and
closed up 100 yen, or 1%, at 10,180. Both tech giants will release first-half figures this week.
Nippon Telegraph & Telephone
fell 9,000 yen, or 0.9%, to 970,000 after the government set the price for the telco's next share issue at 949,000 yen.
The dollar traded at 108.33 yen, down from 108.95 yen Monday.
Surging technology shares buoyed markets elsewhere in the region. South Korea's
index rose 16.7, or 3.2%, to finish at 545.1, and Taiwan's
index jumped 237.7, or 4.2%, to 5918.6, as
both surged over 6%.
Hong Kong went its own way Tuesday, as the
index fell 176.4, or 1.2%, to 14,925.9. Internet and telecom company
Pacific Century CyberWorks
tanked 11.5% to HK$5.75 ($0.74) and
fell HK$1.50, or 2.9%, to 50.75.