Tokyo remains cautious but Asian stocks mostly edge higher

Gold closed at US$1,186.00-US$1,187.00 an ounce in Hong Kong, down from Monday's close of US$1,192.00-US$1,193.00.

In other markets:

— Singapore closed 0.42 percent higher at 2,979.38.

Singapore Airlines put on 1.76 percent to 15.02 Singapore dollars and conglomerate Keppel Corp was 1.89 percent higher at 9.15 dollars.

— Seoul closed down 0.04 percent, or 0.76 points, at 1,768.31.

— Manila was up 0.66 percent, or 22.53 points, at 3,436.59.

Top-traded Philippine Long Distance Telephone Co. added 0.25 percent, while Metropolitan Bank and Trust Co. rose 0.51 percent.

— Taipei fell 0.51 percent, or 39.44 points, to 7,748.01.

Formosa Petrochemical Corp lost 1.85 percent after it forecast a loss of US$15 million from a blaze at a refinery. Taiwan Semiconductor Manufacturing Company was 0.16 percent lower.

— Jakarta rose 0.59 percent, or 17.98 points, to 3,041.68.

Bank Negara Indonesia rose 3.5 percent to 2,975 rupiah, car maker Astra jumped 1.4 percent to 50,500 while Bank Mandiri fell 2.4 percent to 5,950.

— Kuala Lumpur shares closed up 0.03 percent, or 0.41 points, at 1,352.23.

Budget airline AirAsia gained 1.40 percent to 1.44 ringgit, telecoms firm Axiata rose 0.70 percent to 4.14 while leading bank CIMB was down 1.30 percent to 7.40.

— Wellington dropped 0.42 percent, or 12.76 points, to 3,008.52, held back by pressure on market leader Telecom, which lost two percent on uncertainty about its future status after it sought changes to its undertakings to the government.

— Bangkok rose 1.60 percent, or 13.44 points, to 853.68.

Banpu jumped 20.00 baht to close at 630.00 and PTT Plc gained 8.00 baht to finish at 255.00 baht.

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