MARKETS-ASIA/CLOSE Asia stocks rise for third day though Greece, China concerns weigh

Record ID: 148675

  • Title: MARKETS-ASIA/CLOSE Asia stocks rise for third day though Greece, China concerns weigh
  • Date: 2nd July 2015
  • Summary: TOKYO, JAPAN (JULY 2, 2015) (REUTERS) TOKYO STOCK EXCHANGE BUILDING TOKYO STOCK EXCHANGE SIGN TOKYO STOCK MARKET CENTER TOKYO STOCK MARKET CLOSING ELECTRONIC BOARD SHOWING TOKYO MARKET CLOSED AT 20,522.50 TOKYO STOCK MARKET CENTER SEOUL, SOUTH KOREA (JULY 2, 2015) (REUTERS) CARS AND BUSES PASSING AND PEOPLE WALKING ON SEOUL STREET PEOPLE WALKING ON STREET INTERIOR OF DEALI
  • Embargoed: 17th July 2015 13:00
  • Keywords:
  • Location: China
  • Country: China
  • Topics: General
  • Reuters ID: LVA2SHVSLAJFCT3V7JARORDKLVNP
  • Aspect Ratio: 16:9
  • Story Text: Asian stocks mostly rose for a third consecutive day on Thursday (July 2) though concerns over Chinese stocks and Greece's standoff with its creditors capped gains.
    The Nikkei closed on Thursday (July 2) at about 1 percent (0.95 pct) up at 20,522.50, and the Topix was up 0.7 percent at 1648.24.
    Seoul shares closed at a one-month high on Thursday, rising for a third consecutive session.
    The Korea Composite Stock Price Index (KOSPI) ended up 0.5 percent at 2,107.33 points, the highest close since May 29. Interday, it touched 2,110.81, the highest point since June 1.
    Hong Kong shares finished up slightly, massively outperforming mainland markets, which continued their collapse despite new regulatory blandishments.
    Stocks in Shanghai slipped more than three percent on Thursday in afternoon trade, and it is down nearly 25 percent from a June 12 peak despite the authorities rolling out market supportive measures, including an interest rate cut at the weekend.
    The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 3.4 percent, to 4,107.99, while the Shanghai Composite Index lost 3.5 percent, to 3,912.77 points.
    Investor sentiment globally is likely to remain cautious in the coming weeks amid uncertainty over whether Greece can step back from an economic abyss after its debt default to the International Monetary Fund, and growing doubts over its future in the eurozone.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register