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Asian shares end mixed; earnings season in focus

23 Oct 2012 Evaluate

Asian shares closed mixed as investors remained cautious after global shares faltered overnight on weak earnings reports. Japan Nikkei erased early gains and ended marginally higher as gains stemmed from the yen's undermining because of expectations that the Bank of Japan will opt to ease monetary conditions further when its board meets to review policy on October 30. Seoul shares slipped ahead of quarterly results from domestic blue chip stocks, while Chinese shares went home with red mark as investors await a turnaround in the domestic economy.

Hong Kong markets were closed for a holiday and will resume trading on Wednesday.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,114.45

-18.31

-0.86

Hang Seng

-

-

-

Jakarta Composite

4,330.15

-11.23

-0.26

KLSE Composite

1,664.90

2.95

0.18

Nikkei 225

9,014.25

3.54

0.04

Straits Times

3,050.93

5.26

0.17

KOSPI Composite

1,926.81

-14.78

-0.76

Taiwan Weighted

7,337.48

-35.56

-0.48