Wednesday, March 5, 2008

Asian indexes rebounded Thursday, with Japanese stocks bouncing back on gains for exporters such as Nintendo Co. and Honda Motor Co. after an advance on Wall Street, while Hong Kong stocks snapped a four-day losing streak on resource issues such as Cnooc and Aluminum Corp. of China.

Australian shares were unsettled in a volatile market after five straight sessions of declines, while Shanghai listed stocks weakened on worries about further monetary tightening.
In Tokyo, the Nikkei 225 Average gained 1.4% to 13,158.32 and the broader Topix index climbed 1.5% to 1,282.97.
China's Shanghai Composite, which tracks both yuan-denominated A shares and foreign currency-denominated B shares, rose 0.4% to 4,311.28, after dropping as low as 4,260.79 earlier in the day.