July 8, 2009 Wednesday
Updated

July 8, 2009
Asian shares close lower

TOKYO

JAPANESE share prices closed down 2.35 per cent on Wednesday, mirroring falls on overseas markets as fresh worries emerged about the economic outlook, dealers said.

The benchmark Nikkei-225 index dropped 227.04 points to 9,420.75. The broader Topix index of all first section shares lost 20.59 points, or 2.26 per cent, to 888.54.

HONG KONG

HONG KONG - HONG Kong shares dropped 0.8 per cent in a third straight losing session on Wednesday, as talk swirled of the need for a second round of stimulus spending in the United States and a likely tightening of China's easy monetary policies.

The benchmark Hang Seng Index finished down 141.20 points at a two-week low of 17,721.07.

The China Enterprises Index, which represents top locally listed mainland Chinese stocks, dropped 1 per cent to 10,573.71.

SHANGHAI

Chinese stocks slipped 0.28 per cent on Wednesday.The Shanghai Composite Index ended at 3,080.774 points, well off its intraday low of 3,011.214.

But gaining Shanghai A shares outnumbered losers by 564 to 343, while turnover for Shanghai A shares dropped to 170.2 billion yuan (S$36.3 billion) from Tuesday's 187.6 billion yuan.

KUALA LUMPUR

Malaysian shares were flat on Wednesday due to mild profit-taking on selected blue chips, dealers said.

The Kuala Lumpur Composite Index lost 0.89 point, or 0.08 percent, to close at 1,065.47.

Losers outnumbered gainers 336 to 188.-- REUTERS, AP, AFP

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