Asian markets mostly higher after weak Wall St lead

Asian markets were mostly up on Thursday in quiet trade after an anaemic close on Wall Street, while the dollar's recent rally seemed to have levelled out just short of the 100 yen mark.

With few catalysts driving action eyes are moving to Friday's policy decision by the Bank of Japan to see if it adds to the huge stimulus measures unveiled earlier this month as part of a drive to kickstart the economy.

Tokyo was 0.14 percent higher by the break, Hong Kong added 0.41 percent, Shanghai fell 1.06 percent and Seoul added 0.42 percent.

Sydney and Wellington were closed for a public holiday.

Investors were unable to add to Wednesday's healthy advances after the weak US lead.

On Wall Street the Dow fell 0.29 percent, while the S&P 500 and Nasdaq were flat after weak earnings from AT&T and Procter & Gamble.

Adding to selling pressure was data showing US durable goods orders plunged 5.7 percent from February, adding to recent figures pointing to weakness in the world's largest economy.

Tokyo's Nikkei managed to edge out a positive close by lunch, continuing to rally on the back of a soft yen.

However the dollar dipped on Thursday, still unable to break the 100 yen barrier last seen in April 2009.

In early Tokyo trade the greenback bought 99.34 yen, against 99.51 yen in New York late Wednesday. The US unit has enjoyed a strong run since the start of April, when the BoJ announced its scheme of huge spending to drag the economy out of years of deflation.

The euro bought $1.3048 and 129.64 yen, compared with $1.3013 and 129.50 yen in New York.

In Seoul traders were cheered by data showing the economy grew at its fastest pace in two years during the January-March quarter.

The 0.9 percent expansion compared to 0.3 percent in the final quarter of 2012 and was the strongest growth rate since January-March 2011 and is likely to dent expectations of a central bank interest rate cut later this year.

Oil prices rose, with New York's main contract, light sweet crude for delivery in June adding eight cents to $91.51 a barrel and Brent North Sea crude for June delivery gaining 20 cents to $101.93.

An ounce of gold fetched $1,444.00 at 0255 GMT, compared with $1,421.68 late Wednesday.

 
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.26560.01+0.45%
    USDSGD=X
    1.63100.00+0.30%
    EURSGD=X
    1.9055-0.00-0.18%
    GBPSGD=X
    81.65230.28+0.35%
    SGDJPY=X
    6.1325-0.03-0.45%
    SGDHKD=X
    2.3873-0.01-0.35%
    SGDMYR=X
    7,717.0762-33.42-0.43%
    SGDIDR=X
    4.8478-0.03-0.52%
    SGDCNY=X
    1.2276-0.01-0.61%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,380.402.80+0.20%
    GCM13.CMX
    22.690.24+1.05%
    SIN13.CMX
    103.142.91+2.90%
    ^XAU
    3.390.04+1.27%
    HGN13.CMX
    94.79-1.39-1.45%
    CLN13.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    0.840.01
    ^FVX
    1.970.02
    ^TNX
    3.170.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1150.01+8.49%
    5NG.SI
    0.1970.00+0.51%
    I26.SI
    0.1120.00+1.82%
    5RJ.SI
    0.700.02+3.70%
    Y92.SI
    0.4350.02+4.82%
    A50.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.350.13+59.09%
    502.SI
    0.160.03+22.14%
    5PF.SI
    0.2150.03+13.76%
    D6U.SI
    0.1450.01+10.69%
    B2X.SI
    0.9250.09+10.12%
    I07.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.134-0.02-11.84%
    N6H.SI
    0.135-0.01-9.40%
    O57.SI
    3.67-0.30-7.56%
    GZ9.SI
    0.10-0.01-7.41%
    D79.SI
    0.126-0.01-7.35%
    E25.SI