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Asian markets made a mixed closing on Tuesday

10 Jan 2017 Evaluate

Asian equity markets ended on a mixed note on Tuesday as oil prices steadied following steep overnight losses and the dollar remained broadly weaker despite worries over the likelihood of a ‘hard Brexit’ and the prospect of more rate hikes in the US this year. Japan's Nikkei share average ended lower with a strengthening yen weighing on exporter shares, although hopes that US President-elect Donald Trump would provide hints about stimulus at an upcoming speech helped curb the losses. China's Shanghai Composite index declined as investors booked some profits after recent sharp gains on hopes of reforms in state-owned enterprises. Mixed inflation data also dented investor sentiment. China's consumer inflation rose an annual 2.1 percent in December, the National Bureau of Statistics said, falling below expectations for 2.2 percent and down from 2.3 percent in November. Producer prices jumped 5.5 percent from a year earlier versus expectations for a 4.6 percent gain. Though, Hong Kong stocks hit a one-month high as Chinese commodity prices rallied, offsetting pressure from profit taking in some state-owned enterprises (SOEs) which rose last week on restructuring hopes.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,161.67

-9.56

-0.30

Hang Seng

22,744.85

186.16

0.83

Jakarta Composite

5,309.92

- 6.44

-0.12

KLSE Composite

1,672.05

 4.15

0.25

Nikkei 225

19,301.44

-152.89

-0.79

Straits Times

3,006.02

24.48

0.82

KOSPI Composite

2,045.12

-3.66

-0.18

Taiwan Weighted

9,349.64

 7.22

0.08

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