2 Jul 2009

Asia Pacific markets dip

9:50 pm on 2 July 2009

Markets in Asia and the Pacific were lower at the close of trade on Thursday.

In New Zealand, the benchmark index was down 12 points, or 0.4%, to 2768 on turnover of $100 million.

Top stocks were mixed. Telecom fell 7 cents to $2.66 and Contact Energy was down 4c to $5.76, however Fletcher Building rose 10c to $6.52.

Hellaby Holdings fell 8c to $1.32 after saying its cut debt by a third to $51 million on Wednesday.

Fisher & Paykel Appliances rose 2c to 68c, while and Fisher & Paykel Healthcare was also up 2c to $2.91.

Japanese share prices closed down 0.64% on Thursday as investors turned cautious ahead of key US jobs data, dealers said.

The benchmark Nikkei-225 index lost 63.78 points to end at 9,876.15. The broader Topix index of all first section shares slipped 4.28 points, or 0.46%, to 924.02.

In Hong Kong, share prices closed 1.09% lower, reversing earlier gains as investors anticipated a long-overdue correction, dealers said. The benchmark Hang Seng Index lost 200.68 points to 18,178.05.

The Australian share market closed flat after earlier gains were whittled back despite gains in resources sector gains and a positive lead from Wall Street.

At 1615 AEST, the benchmark S&P/ASX200 index was up 3.3 points, or 0.09%, at 3,877.3 points, while the broader All Ordinaries index advanced 2.9 points, or 0.07%, to 3875.2 points.