Nikkei: 10,526.76 (+74.05) Hang Seng: 23.012.37 (+411.33) Shanghai Comp: 2,878.58 (+0.02)ASIAN STOCK markets ended mostly higher yesterday, as investors watched the volatile situation in Libya nervously, but took encouragement from easing oil prices.
Banks and property developers rose on bargain-hunting. HSBC Holdings climbed 2.2 per cent to HK$89.05, while Hang Lung Properties was the Hang Seng’s top gainer, up 4.3 per cent to HK$32.65.
In Tokyo, Toyota Motor rose 2.2 per cent to ¥3,755 as investors cheered the conclusion of the National Highway Traffic Safety Administration investigation into the safety of its vehicles.
In Seoul, Korean Air Lines rose 4.8 per cent to Won64,000 on easing concerns about higher fuel costs.
Builders extended gains with Hyundai Engineering Construction up 6.5 per cent to Won75,500 and GS Engineering Construction 3.5 per cent higher to Won103,000.
Australian resource stocks were mixed, with some concerns that oil supply disruptions may derail the global economic recovery. Rio Tinto fell 0.4 per cent to A$83.93. – (Copyright The Financial Times Limited 2011)
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