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Asian shares rebound on upbeat earnings

26 Jul 2012 Evaluate

Most of the Asian markets went home in green on Thursday tracking upbeat earnings results in the region and the United States. However investors were hopeful that central banks around the world will take more action to push the global economy. Eurozone fears eased slightly on hopes over the funding of future bailouts, which also supported markets to recover lost grounds. However, in Hong Kong, Sands China fell 5.4% after the casino operator reported a 40% year-on-year decline in second quarter, attributing the decline to a $100 million impairment loss on two land parcels in Macau.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,126.00

-10.15

-0.47

Hang Seng

18,892.79

15.46

0.08

Jakarta Composite

4,004.78

3.94

0.10

KLSE Composite

1,623.91

-11.18 

-0.68

Nikkei 225

8,443.10

77.20

0.92

Straits Times

3,004.57

13.65

0.46

KOSPI Composite

1,782.47

13.16

0.74

Taiwan Weighted

6,970.69

-8.44

-0.12