 Singapore stocks up, Nikkei still pressured
SINGAPORE: Singapore shares opened higher on Thursday, reversing two days of sharp losses as global share markets experienced their worst slide in years.
But Tokyo's Nikkei stayed under pressure a day after posting its biggest one-day fall in eight months.
Still, calmer nerves were expected to return following a rebound in Chinese mainland stocks and gains on Wall Street, helped by soothing words from Federal Reserve Chairman Ben Bernanke.
Bernanke told a US congressional panel that this week's sharp stock market drop had not changed the Fed's view that the US economy was sound.
At 0116GMT, Singapore's Straits Times Index rose 45.74 points to 3,149.89.
The index, which until Monday had risen more than 41 percent since last July, fell a total of 6.25 percent over Tuesday and Wednesday in line with the heavy global falls.
Tokyo's Nikkei-225 index declined 91.16 points or 0.52 percent to 17,512.96 as of 0030GMT Thursday.
Shortly after the market opened, the Nikkei lost as much as 129.35 points or 0.73 percent.
Global markets dropped this week after China's booming mainland stock market suffered its biggest fall in a decade on Tuesday, rattling investors.
But the Shanghai Composite Index managed to rebound 4 percent in the following session.
US stocks also steadied on Wednesday, driving the blue-chip Dow index up 0.43 percent and the tech-heavy Nasdaq Composite Index up 0.34 percent. - CNA/ir  To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.: Asia Solution Kenetics
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