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Asian equities end mixed on first day of New Year's trade

02 Jan 2012 Evaluate

The few equity markets in Asia which were opened on Monday ended lower, while South Korea’s benchmark index ended the day flat, as hopes for signs of an economic recovery ahead of a set of key US data releases were tempered by persistent euro zone worries and sluggish domestic manufacturing activity. Meanwhile, data released early on Monday showed South Korea's manufacturing activity for December dipped to a fresh three-year low, underscoring concerns about slowing global demand in the face of an unresolved debt crisis in Europe.

Markets in Taiwan and Indonesia snapped the day’s trade in the red on Monday, while several others in the region including China, Hong Kong, Japan and Singapore remained closed in observance of new year’s day,

Jakarta Composite declined 12.85 points or 0.34% to 3,809.14 and Taiwan Weighted was down by 119.87 points or 1.69% to 6,952.21.

On the flip side, Seoul Composite was up 0.63 points or 0.03% to 1,826.37.

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