Taiwan index leads gains MARKET ROUNDUP: STOCKS BUSINESS ASIA by Bloomberg 1 Edition

Asian stocks rose Tuesday, paced by Taiwan's biggest companies after UBS raised its estimate for the country's benchmark index. Japanese stocks fell, led by insurers and power producers, after Monday's earthquake. Taiwan Cement and Cathay Financial Holding paced gains after the broker...

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Bibliographic Details
Published inInternational herald tribune
Main Author Stuart Kelly and George Hsu
Format Newspaper Article
LanguageEnglish
Published Paris New York Times Company 18.07.2007
EditionInternational edition
Subjects
SYDNEY
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Summary:Asian stocks rose Tuesday, paced by Taiwan's biggest companies after UBS raised its estimate for the country's benchmark index. Japanese stocks fell, led by insurers and power producers, after Monday's earthquake. Taiwan Cement and Cathay Financial Holding paced gains after the brokerage raised its 12-month estimate for the Taiex to 12,000. The Morgan Stanley Capital International Asia-Pacific Index gained 0.1 percent to 159.35 in Tokyo. Japan's Nikkei 225 Stock Average dropped 0.1 percent to 18,217.27, while the broader Topix index fell 0.3 percent. Japan's markets were closed Monday for a holiday, a day on which India's Sensitive Index was the only regional benchmark to advance. Taiwan's Taiex index added 1 percent to 9509.73. Taiwan Cement, the island's biggest maker of the building material, advanced 4.4 percent to 41.25 Taiwan dollars, or $1.25. Cathay Financial, the largest life insurer, rose 4.2 percent to 92 Taiwan dollars.
ISSN:0294-8052