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07 Feb 05: Asian Markets Mostly Higher


Asian stock markets closed mostly higher Monday buoyed by a rally on Wall Street.

Tokyo's Nikkei index rose nearly 1.2% (139 points), to close at 11,500. The Nikkei slipped slightly on Friday.

Hong Kong's key index, the Hang Seng, jumped 1.5% (210 points), to finish at 13,795.

The Hang Seng rose a fraction of one percent Friday. Elsewhere, share prices were higher in Seoul, Sydney, Bangkok, Kuala Lumpur, Manila, Singapore and Wellington.

Markets closed lower in Jakarta and Bombay.

Taipei's stock market was closed ahead of the Lunar New Year holiday and will reopen February 14th.

The U.S. dollar was quoted at 104.30 yen in Tokyo, down 0.20 yen from late Friday in Tokyo, but above its late Friday New York level of 103.98 yen.

The price of gold in Hong Kong fell two dollars to close at 414 dollars and 35 cents an ounce.

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