Hong Kong bucks weak trend in region's stock

Nikkei: 9,459.08 (–19.45) Hang Seng: 23,060.36 (–7.83) Shanghai Comp: 2,958.08 (–25

Nikkei: 9,459.08 (–19.45) Hang Seng: 23,060.36 (–7.83) Shanghai Comp: 2,958.08 (–25.92)ASIAN STOCKS fluctuated yesterday, as better than estimated earnings in China and Hong Kong offset concerns economic growth in Japan will waver as the nation struggles to contain a partial meltdown at a nuclear plant.

Tokyo Electric tumbled 19 per cent to ¥566 at the close of trading, the lowest on record.

Mitsubishi UFJ fell 2.8 per cent to ¥378.

Sumitomo Mitsui Financial, Japan’s second-biggest lender by market value, slipped 1 per cent to ¥2,623.

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Extract Resources, a uranium mining company, declined 5.1 per cent to A$7.80 in Sydney.

Acer, a maker of personal computers, fell 6.9 per cent to NT$63.1.

Compal Electronics, a maker of notebook computers, slipped 2.6 per cent to NT$30.

Among stocks that advanced were, Anhui Conch jumped 4.7 per cent to HK$45.60.

Brilliance China Automotive surged 5.3 per cent to HK$7.13.

Philippine phone company Globe Telecom jumped 7 per cent to 746 pesos, the best performer on the MSCI Asia Pacific Index. – (Bloomberg)