Japan's Nikkei up 0.9 pct on decent GDP data, Kospi follows
Thu, 17 May 2012 06:15:10 GMT
News
- Japan's benchmark Nikkei was up 0.86 pct at mkt close as better than expected GDP data prompted investors to go for bottom fishing after substantial slide in wake renewed Greek crisis
- Broader Topix made even better gains by rising 1.1 pct
- However, gains are expected to remain capped until Greek impasse is resolved by Euro zone
- South Korea's Kospi also made 0.25 pct gains but was not completely out of shock on yesterday's decline of more than 3.0 pct
- Gainers on South Korean bourse were SK Innovation(+ 6.3 pct) and S-Oil (+ 4.0 pct), however Samsung which lost a strategic contract to Japanese rival Elpida was down 0.57
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