To: Condor who wrote (6032 ) 1/2/2007 10:18:46 PM From: Rocket Red Respond to of 30384 ASIA MARKETS: Australian Index At Record On Gains In Mining Shares 22:16 EST Tuesday, January 02, 2007 HONG KONG (Dow Jones) -- Asian stocks were mostly higher in Wednesday, with Australia's S&P/ASX 200 rising to an intraday record on gains in mining giants BHP Billiton and Rio Tinto. Australia's S&P/ASX 200 rose as much as 0.1% to 5,674.80. Japan's stock exchanges remained closed for national holidays. They are scheduled to re-open Thursday. Financial markets in China are also closed for the holiday and will reopen Thursday. Hong Kong's Hang Seng Index rose 1% in early trading to a record 20,519.67. The Hang Seng China Enterprises Index, Hong Kong's benchmark for China shares, rose 1.7% to 10,811.88. "There is fresh cash coming into the market," said Miles Remington, head of sales trading at BNP Paribas in Hong Kong. "Investors are looking at the very positive response to the first day of trading in 2007 on Tuesday and with the China markets closed you are still seeing a lot of people playing China through Hong Kong until they get the opportunity to start trading back in Shenzhen and Shanghai tomorrow." U.S. markets were scheduled to re-open later in the day Wednesday. They were closed Monday for the New Year's holiday and Tuesday for a state funeral for former President Gerald R. Ford. Elsewhere around the region, New Zealand's NZSX-50 index eased 0.1% in its first day of trading after the New Year's holiday. South Korea's Kospi declined 0.6% and Singapore's Straits Times Index was up 1%. Malaysia's KLSE Composite rose 1.1% and Taiwan's Weighted Price Index was up 0.4%. Front-month crude-oil futures fell as much as 11 cents to $60.94 a barrel in electronic trading. Trading on the New York Mercantile Exchange was closed Tuesday. In Asian trading spot gold was quoted at $639.50 an ounce. Shares of BHP Billiton (BHP) , the world's largest miner by volume and revenue, rose 0.4% while smaller rival Rio Tinto (RTP) rose 0.3%. Among the energy sector, shares of Santos Ltd.fell 0.8% after the company suspended operations at an offshore oil platform off Western Australia owing to an approaching cyclone. Independent oil and gas producer Woodside Petroleum Ltd. (WOPEY) fell 0.9%. In Hong Kong, shares of China Mobile (CHL) were up 1.3%. Shares of blue-chip Denway Motors (DENMF) , which owns a 50% stake in a joint venture that makes Honda vehicles in China, rose 3.3%. Among technology shares, South Korea's Samsung Electronics (SSNLF) fell 0.8%. In the U.S, all three major indexes posted their best performance in three years. The Dow Jones Industrial Average (DJI) stood at 12,463 at the close of trading on Friday, marking a 16.3% gain for the year. The S&P 500 (SPX) index gained 13.6% for the year, and the Nasdaq Composite (RIXF) advanced 9.5%. (END) Dow Jones Newswires 01-02-07 2215ET Copyright (c) 2007 Dow Jones & Company, Inc. © Copyright Dow Jones