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Asian shares mixed ahead of company earnings Asian shares mixed ahead of company earnings
(35 minutes later)
Asian markets are tentative following a lower close on Wall Street where investors showed caution ahead of company earnings reports. Asian markets are mixed following a lower close on Wall Street where investors showed caution ahead of company earnings reports.
A strong US dollar and economic woes in Europe could have had an impact on profits for firms in the third quarter, according to analysts.A strong US dollar and economic woes in Europe could have had an impact on profits for firms in the third quarter, according to analysts.
In Japan, the Nikkei 225 opened 1.1% higher, while the Topix gained 1.1%.In Japan, the Nikkei 225 opened 1.1% higher, while the Topix gained 1.1%.
The Japanese yen strengthened against the dollar, dipping to 108.78 on profit-taking.The Japanese yen strengthened against the dollar, dipping to 108.78 on profit-taking.
The yen's movements will be closely watched as the Bank of Japan meets to discuss its monetary stimulus plans.The yen's movements will be closely watched as the Bank of Japan meets to discuss its monetary stimulus plans.
Australian shares were hovering near seven-and-a-half month lows ahead of the Reserve Bank of Australia's (RBA) policy meeting.Australian shares were hovering near seven-and-a-half month lows ahead of the Reserve Bank of Australia's (RBA) policy meeting.
The benchmark S&P/ASX200 index was down 0.7% at 5,257.60 points.The benchmark S&P/ASX200 index was down 0.7% at 5,257.60 points.
The RBA is widely expected to keep interest rates at a record low of 2.5% after a private gauge of consumer prices on Monday showed inflation cooled in September.The RBA is widely expected to keep interest rates at a record low of 2.5% after a private gauge of consumer prices on Monday showed inflation cooled in September.
In South Korea, the Kospi was up 0.7% despite heavyweight Samsung Electronics reporting a big fall in expected third quarter profit.In South Korea, the Kospi was up 0.7% despite heavyweight Samsung Electronics reporting a big fall in expected third quarter profit.
The world's largest smartphone maker said its quarterly operating profit is estimated to have fallen 60% from the previous year as sales for its Galaxy handsets slowed.The world's largest smartphone maker said its quarterly operating profit is estimated to have fallen 60% from the previous year as sales for its Galaxy handsets slowed.