02 Jan '12, 9pm

First day of trading in Asia ends mixed

SEOUL - South Korea and Taiwan kicked off the first day of trading for 2012 yesterday, with most shares ending with fractional gains. South Korea's Kospi ended with a gain of less than 0.1 per cent after moving in both directions during the session. This after data revealed a stronger-than-expected growth in December exports supported the market despite a contraction in monthly manufacturing activity. Taiwanese shares fell sharply, however, pressured after weak manufacturing data. Taiwan's Taiex tumbled 1.7 per cent as its Purchasing Managers Index (PMI) last month came in at 47.1. While this was an improvement from the previous month's 43.9 reading, it was nevertheless below the threshold level of 50. Stock markets were closed in Japan, China, Australia and Singapore. Leading gainers in Seoul, heavyweight Samsung Electronics rose 2.1 per cent, and LG Display added 1.8 per...

Full article: http://www.todayonline.com/Business/EDC120103-0000052/Fir...

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