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Asian shares mixed with focus on Apec | Asian shares mixed with focus on Apec |
(about 5 hours later) | |
Asian shares were mixed on Monday following a lacklustre lead from Wall Street, despite US jobs data suggesting a resilience in the economy. | |
The US added 214,000 jobs in October, and the unemployment rate fell to 5.8%, but investors remained wary, leading to small gains in US stocks on Friday. | The US added 214,000 jobs in October, and the unemployment rate fell to 5.8%, but investors remained wary, leading to small gains in US stocks on Friday. |
Investors are also keeping a close eye on the Apec summit starting in Beijing, where world leaders are meeting. | Investors are also keeping a close eye on the Apec summit starting in Beijing, where world leaders are meeting. |
Japan's Nikkei closed down 0.8% to 16,752.04 after hitting a one-week low. | |
The benchmark's shares fell to as low as 16,713.37 on Monday - its weakest level since 31 October. | |
The yen traded at 114.45 to the dollar, strengthening from the seven-year low of 115.60 yen it hit on Friday. | |
Shares of NTT tumbled by more than 6% to a two-week low after the telecommunication company cut its full-year operating profit outlook due to a weak mobile phone business. | |
Greater China shares were up on news of the approval of the Shanghai-Hong Kong Stock Connect, which would allow investors to engage in cross-border transactions. | Greater China shares were up on news of the approval of the Shanghai-Hong Kong Stock Connect, which would allow investors to engage in cross-border transactions. |
The Hang Seng index was up 1.6% to 23,934.60 points, while the Shanghai Composite rose 1.8% to 2,461.46. | |
Data also showed that annual consumer prices in the world's second largest economy stabilised in October at 1.6%, near a five-year low. | Data also showed that annual consumer prices in the world's second largest economy stabilised in October at 1.6%, near a five-year low. |
The figure met market expectations and was the same as September. | |
Australian shares were lower on profit taking. The benchmark S&P/ASX 200 index closed down 0.5% at 5,524 points. | |
South Korean shares rallied with the Kospi index up 0.9% at 1,958.23 after news of a free trade agreement with China, its largest trading partner. | |
Blue-chip exporters led the rally with Samsung Electronics up 5.1% and Hyundai Motor 2.8% higher. |