- The Washington Times - Thursday, January 23, 2003

TOKYO, Jan. 23 (UPI) — Asian shares ended broadly higher Thursday, lifted in part by the positive earnings result of Texas Instruments.

High-tech shares posted some of the day's biggest gains, but technology issues were stronger across the board throughout the region.

In Tokyo, the Nikkei 225 average soared 2.09 percent, or 179.88, to close at 8,790.92. Domestic investors, particularly public funds managers, led the way in snapping up shares. But there is still concern that geopolitical risks will continue to way down on the stock market in the longer term.

Hong Kong's Hang Seng index gained 24.41 points, or 0.26 percent, to 9,584.70, while South Korea's composite index rose 2.69 points, or 0.43 percent, to 625.18. Thailand's stock exchange also rose 3.39 points, or 0.91 percent, to 376.56, while Indonesia's Jakarta composite index rose 1.07 points, or 0.26 percent, to end at 406.77. Taiwan's weighted index too gained 85.53 points, or 1.71 percent, to close at 5,078.80.

But Singapore's Strait Times index shed 4.72 points, or 0.34 percent, to close at 1,364.41, while Malaysia's Kuala Lumpur composite index dipped 1.63 points, or 0.24 percent, to 670.78, and the Philippines' composite index lost 3.91 points, or 0.37 percent, to close at 1,048.53. Australia's all ordinaries index too lost 1.30 points, or 0.04 percent, to 2,997.80.

India's Sensex index lost 2,86 points, or 0.86 percent, to 3,328.18, while Pakistan's Karachi stock index dropped 55.92 points, or 2.00 percent, to close at 2,739.11.




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