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Nikkei steady after positive factory data | |
(about 7 hours later) | |
Asian markets remained steady, with Japan's Nikkei closing little changed despite some better-than-expected economic data. | |
The benchmark Nikkei 225 index closed up 0.03% at 19,697.77 points. | |
Japan's core machinery orders - seen as a good indicator of company spending - rose by 7.5% in September from a month earlier, the first rise in four months. | |
Orders were down 1.7% from a year earlier, but this was not as bad as forecasts for a drop of about 4%. | |
While the numbers were better than expected, analysts said they still reflected the continuing slowdown in China, one of Japan's most important trading partners. | |
In Australia, the S&P/ASX 200 index also closed flat, up just 0.06% at 5,125.70 despite strong jobs numbers. | |
The economy created 58,600 net new jobs in October, the data showed, with the jobless rate dropping to 5.9% from 6.2%. | |
South Korea's benchmark Kospi index closed down 0.15% at 1,994.75 after the Bank of Korea kept its interest rate on hold. | |
Hong Kong rises | |
The one bright spot in the region was Hong Kong where the Hang Seng index finished up 2.4% to 22,888.92, boosted by technology shares. | |
Shares in Chinese computer and smartphone giant Lenovo rose 5.8% after its losses for the three months to September were not as bad as expected. | |
The company reported a net loss of $714m after taking hefty charges to cover restructuring costs. However, that was better than expectations for a loss of more than $785m. | |
The Shanghai Composite index ended down 0.5% at 3,632.90. |