Nikkei: 8,772.54 (+30.62) Hang Seng: 18,309.22 (+232.76) Shanghai Comp: 2,377.51 (–5.97)ASIAN SHARES rebounded yesterday, as technology shares got a boost from Intel's positive results but gains were limited by lingering euro zone debt crisis concerns and a rare earnings miss by Apple.
Intel rose 3.9 per cent after the chipmaker forecast sales that exceeded some analysts’ estimates.
Tokyo’s Nikkei 225 Average rose 0.4 per cent. Olympus fell another 2 per cent to ¥1,389.
Disappointing fourth-quarter earnings from Apple drove down iPhone vendors and suppliers with Softbank off 4.1 per cent to ¥2,374 and KDDI down 3.1 per cent to ¥541,000.
State Bank of India gained 2.8 per cent to Rs1,918 and ICICI Bank rose 3.2 per cent to Rs904.15.
Hong Kong’s Hang Seng index was lifted 1.3 per cent to 18,309.22 with banking stocks benefiting from Bank of America’s return to profitability in the US.
HSBC was up 1.7 per cent to HK$63.90, Bank of China gained 2.3 per cent to HK$2.67 and China Merchants Bank rallied 2.8 per cent to HK$13.10.
In Sydney, BHP Billiton closed flat at A$36.40. – (Copyright The Financial Times Limited 2011)
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