21 Feb '11, 5am

Asian stocks mixed at midday

TOKYO JAPANESE shares edged up 0.14 per cent on Monday to close at their highest level in nearly 10 months as investors were relieved to see Chinese stocks shrug off Beijing's latest credit tightening, brokers said. The benchmark Nikkei index rose 14.73 points to 10,857.53 on the Tokyo Stock Exchange, the highest finish since April 30. The Topix index of all first-section shares gained 0.11 per cent, or 1.03 points, to reach 974.63. SHANGHAI China's main stock index was up 0.1 per cent by midday on Monday, supported by oil companies after China raised fuel prices to fresh highs, offsetting the impact of a rise in bank reserve requirement ratios (RRR). The benchmark Shanghai Composite Index was at 2,903.4 points, staying above the important 2,900 level where it hovered for the large part of last week, after a 2.6 per cent rally during the week on the back of ample liquidity...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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