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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Mark McLeod who wrote (21978)	12/4/1998 9:06:00 AM
From: crimson	Read Replies (1) \| Respond to of 119973

Sorry - Just stole my info from this report... BUSINESS IN ASIA TODAY: STOCKS CLOSE BROADLY HIGHER SYDNEY, Australia, Dec. 4 /PRNewswire/ -- The following round up of Asian stock markets for Dec. 4, 1998, was prepared by Asia Pulse, the real- time,Asia-based wire with exclusive news, commercial intelligence and business opportunities. SYDNEY, Dec 4 Asia Pulse - Asian share markets closed broadly higher today, with an overnight fall on Wall Street dampening investor sentiment in Tokyo and Hong Kong. The Korean bourse was the star performer with a 4.1 percent jump amid an all-time high trade volume following interest rate cuts in 11 European countries. The benchmark KOSPI jumped 18.23 points to 466.34. A possible upgrading of Korea's credit ratings by London-based Fitch IBCA and the yen's rally also stirred up investment spirit. Trade volume totalled 244.84 million shares, an all-time high, on a turnover of 1.58 trillion won (US$1.2 billion). A futures-led recovery pulled the Australian market out of the doldrums today, keeping shares in positive territory at the close of trade. "The sentiment behind the futures share price index was driving the optimism in the market," Henderson Charlton Jones' Stuart Smith said. "Thirty-plus points in premium with less than a month to go is quite beyond the pale really but it does show overall strength and optimism in a Christmas rally." The benchmark all ordinaries index added 10.4 points, or 0.4 percent, to 2730.7, recovering from an intraday trough of 2694.4. In Manila, share prices closed 0.9 percent higher on bargain-hunting in late trading after early losses on higher-than-expected November CPI data,brokers said. The composite index gained 15.61 points at 1,822.64, after dropping 2.75 percent to an intraday low of 1,757.26. Shares prices on the Kuala Lumpur Stock Exchange closed broadly higher in active trading today, but gains were limited by profit taking. The Composite Index rose 5.50 points or 1.1 percent to settle at 527.26 after the market rebounded from a low of 519.96 in the morning to a high of 528.85 in the afternoon. Singapore stock prices closed 1.0 percent higher on selective buying in electronics and blue chips, dealers said. The Straits Times index closed up 13.70 points at 1,359.53, after an earlier low of 1,318.44. Tokyo shares closed 0.4 percent lower after Wall Street's steep overnight fall, dealers said.