Published: Monday June 18, 2012 MYT 1:53:00 PM
Updated: Monday June 18, 2012 MYT 2:46:24 PM
Asian markets higher at noon
KUALA LUMPUR: Key Asian markets were higher in Monday's early afternoon trade, as investor sentiment was buoyed by the election victories of pro-bailout politicians in Greek elections. The results of the Greek election calmed fears that Greece might leave the euro currency union, and at 1.30pm today, Tokyo's Nikkei 225 was up 1.98% to 8,739.31 while Hong Kong's Hang Seng Index was higher by 1.17% to 19,459.45.
Shanghai's A share index was 0.53% higher at 2,319.13 and South Korea's Kospi Index also rose 1.87% to 1,892.86.
Singapore's Straits Times Index rose 1.13% to 2,842.80 while the local bourse's benchmark index was up 0.43% to 1,586.06.
At Bursa Malaysia, gainers outpaced losers by 424 to 172 while 258 other counters were traded unchanged.
There were 439 million shares done with a total turnover of RM710.26 million.
Among the gainers were F&N which rose RM1.34 to RM18.14, GAB which was up 58 sen to RM13.28 and Parkson which gained 23 sen to RM4.53. The losers included TDM which fell 22 sen to RM4.33, MBSB which lost 8 sen to RM2.38 and TSW which fell 14 sen to RM9.16.
At 1.30pm today, Nymex crude oil in electronic trade was US$0.87 higher at US$84.90 per barrel while Brent crude rose US$1.01 to US$98.62.
Spot gold dipped US$4.88 to US$1,622.23 per ounce while spot silver rose nine cents to US$28.60.
Crude palm oil futures for September 2012 delivery rose RM37 to RM2,886 per tonne.
The ringgit was quoted at RM3.148 to the US dollar and RM4.00 to the euro.