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confidence in the upcoming earnings season and an upbeat outlook on
the global economy. Tokyo rose 1.87 per cent and Seoul almost two
per cent while Taipei added 0.91 per cent. Hong Kong also edged up.
Shanghai stormed 4.76 per cent higher as it caught up on gains in
regional and other overseas markets following China's week-long
National Day holiday. Investors were cheered by data showing
initial claims for US jobless benefits in the week ended October 3
fell to a nine-month low of 521,000. Korea's central bank also gave
support as it froze its key interest rate at a record low 2.0 per
cent for the eighth straight month, saying the economy was showing
strength. Hopes for the third quarter earnings season came after
US aluminium giant Alcoa announced a surprise profit this week.
TOKYO: Up 1.87 per cent. The Nikkei-225 gained 183.92 points to
10,016.39. The index ended above the key 10,000-points level for
the first time in more than a week as hopes mounted for a recovery in
corporate earnings. HONG KONG: Flat. The Hang Seng Index edged
6.54 points higher at 21,499.44. SHANGHAI: Up 4.76 per cent. The
Shanghai Composite Index, which covers both A and B shares, was up
132.29 points to 2,911.72. But market watchers warned that
liquidity concerns may weigh on the market as 18 companies seeking
to list on China's new Growth Enterprise Market will open
subscriptions for their initial public offerings next week, traders
said. SEOUL: Up 1.94 per cent. The KOSPI gained 31. 33 points at
1,646.79. The central bank froze its key interest rate at a record
low 2.0 per cent for the eighth month, saying it expects economic
recovery to continue. TAIPEI: Up 0.91 per cent. The weighted index
rose 68.65 points to 7,571.96. SINGAPORE: Flat. The Straits Times
Index gained 1.56 points, or 0.06 per cent, to 2,652.51. The
government is due to release its preliminary estimates of economic
data for the third quarter and analysts expect gross domestic
product (GDP) to rise 0.5 per cent from a year ago. BANGKOK: Up
0.38 per cent. The Stock Exchange of Thailand gained 2.84 points to
close at 746.87. KUALA LUMPUR: Up 0.30 per cent. The Kuala Lumpur
Composite Index gained 3.73 points to 1, 233.82. Gaming group
Genting added 1.80 per cent to 7.33 ringgit and CIMB bank was up 0.80
per cent to 12.22. JAKARTA: Down 0.41 per cent. The Jakarta
Composite Index lost 10.11 points to 2,474.40. MANILA: Down 0.85
per cent. The composite index shed 25.24 points to 2,942.78.
MUMBAI: Down 1.19 per cent. The 30-share Sensex fell 200.88 points to
16,642.66.
