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Asian markets exhibit mixed trend in early deals on Friday

19 Jul 2013 Evaluate

Asian markets have exhibited mixed trend in Friday’s morning deals with some of the indices tumbling into the red terrain led by selling in tech shares after Google and Microsoft reported lower than expected earnings. Japanese shares after hitting two-month highs turned negative in early deals as investors opted to book profits at higher levels. Meanwhile, concerns that growth is slowing in China and Japan’s economic reforms continue to hamper investors’ sentiments.

Shanghai Composite rose 4.31 points or 0.21% to 2,027.71, Hang Seng increased 32.17 points or 0.15% to 21,377.39, Jakarta Composite jumped 12.51 points or 0.27% to 4,732.95, KLSE Composite added 7.11 points or 0.40% to 1,798.65 and Seoul Composite was up by 0.07 points or 0.01% to 1,875.55.

On the flip side, Nikkei 225 declined 241.18 points or 1.63% to 14,567.32, Straits Times dipped 4.90 points or 0.15% to 3,213.30 and Taiwan Weighted was down by 118.51 points or 1.45% to 8,076.37. 

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