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Asian markets mixed after Friday's highs Asian markets mixed after Friday's highs
(about 1 hour later)
Asian shares opened mixed on Monday with lower trade volume following a rally in the US, where Wall Street rose to record highs on Friday.Asian shares opened mixed on Monday with lower trade volume following a rally in the US, where Wall Street rose to record highs on Friday.
The Dow Jones Industrial Average rose 1% to close at a record 17,390.52, while the S&P 500 also ended at an all-time high to reach 2,018.05.The Dow Jones Industrial Average rose 1% to close at a record 17,390.52, while the S&P 500 also ended at an all-time high to reach 2,018.05.
Strong US company earnings and the Bank of Japan's surprise move to add more stimulus measures boosted shares.Strong US company earnings and the Bank of Japan's surprise move to add more stimulus measures boosted shares.
Japanese markets are closed for a public holiday on Monday.Japanese markets are closed for a public holiday on Monday.
In South Korea, the benchmark Kospi index was down 0.4% at 1,955.37 points after data over the weekend showed that imports in October fell the most in 13 months on softer demand for raw materials and goods. In Greater China, Hong Kong shares opened higher despite data showing that China's services sector grew at its slowest pace in nine months in October.
The Hang Seng index was up 0.2% at 24,058.91 points.
The non-manufacturing Purchasing Managers' Index (PMI) fell to 53.8 in October from 54 in September due in part to a cooling property market that weighed on demand. A reading above 50 indicates growth.
Monday's data comes after a weekend release that showed manufacturing slowed in the world's second largest economy, adding to evidence of a slowdown.
The manufacturing PMI fell to a lower-than-expected 50.8, from 51.1 in the previous month.
On the mainland, investors also shrugged the news with the Shanghai Composite up 0.2% at 2,424.70.
In South Korea, the benchmark Kospi index was down 0.6% at 1,952.38 points after data over the weekend showed that imports in October fell the most in 13 months on softer demand for raw materials and goods.
Imports fell 3% while exports rose slightly higher than expected in October at 2.5%.Imports fell 3% while exports rose slightly higher than expected in October at 2.5%.
Australian shares were trading flat at 5,523.80 with shares in the country's second biggest bank, Westpac, down 0.1% even after it posted a fifth consecutive year of record profit. Australian shares were down 0.2% at 5,516.20 with shares in the country's second biggest bank, Westpac, down 0.4% even after it posted a fifth consecutive year of record profit.
The banking giant saw a 12% jump in full-year net profit to $7.56bn Australian dollars ($6.60bn; £4.1bn) on growing loans and customer deposits.The banking giant saw a 12% jump in full-year net profit to $7.56bn Australian dollars ($6.60bn; £4.1bn) on growing loans and customer deposits.