GLOBAL MARKETS-Asia markets mostly up, nervy over Bali blasts
Monday October 14, 11:30 AM
sg.news.yahoo.com
SINGAPORE, Oct 14 (Reuters) - South Korea led most Asian share markets higher on Monday, encouraged by a fresh surge on Wall Street, but regional investors were jittery over weekend bomb blasts in Bali that killed at least 183 people and raised fears of fresh acts of terror.
The attack, which killed mostly foreign tourists on the traditionally peaceful Indonesian resort island, was the worst of its kind since hijacked planes slammed into New York's World Trade Center and Washington's Pentagon on September 11 last year.
South Korea seemed to shrug off concern over the blasts, rising more than three percent. The Korea Composite Stock Price Index (KOSPI) , which has shed 35 percent from an April high, gained around 3.7 percent to 609.44.
The region's leading market, Tokyo, and Hong Kong were closed for holidays.
"Investors may react when there are more developments, let's say if terrorists were behind the incident giving the U.S. president more justification for a planned attack on Iraq," said Chung Hun-suk, an analyst at Dongwon Securities.
Taiwan shares rebounded from a nearly one-year low, sending the index up one percent to 3,888.73. |
