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Japanese shares fall against other Asian markets' trend | Japanese shares fall against other Asian markets' trend |
(about 2 hours later) | |
Asian shares traded mixed on Thursday as investors hoped for more stimulus by central banks around the world. | |
Investors have been encouraged by last week's unexpected rate cut in China and a surprise expansion of monetary stimulus by the Bank of Japan at the end of October. | Investors have been encouraged by last week's unexpected rate cut in China and a surprise expansion of monetary stimulus by the Bank of Japan at the end of October. |
Japan's benchmark Nikkei index was down 0.3% at 17331.74 in subdued trade ahead of the US Thanksgiving holiday. | Japan's benchmark Nikkei index was down 0.3% at 17331.74 in subdued trade ahead of the US Thanksgiving holiday. |
The dollar was at 117.65 yen, compared with 117.72 yen in New York trade. | The dollar was at 117.65 yen, compared with 117.72 yen in New York trade. |
Hong Kong's Hang Seng index was up 0.3% at 24,175.48. | Hong Kong's Hang Seng index was up 0.3% at 24,175.48. |
The Shanghai Composite was up 0.4% at 2,615.37 points. | The Shanghai Composite was up 0.4% at 2,615.37 points. |
In Australia, shares were higher after figures showed business investment rose 0.2% in the third quarter, beating forecasts of a fall. | In Australia, shares were higher after figures showed business investment rose 0.2% in the third quarter, beating forecasts of a fall. |
Meanwhile, new home sales rose 3% in October to their highest in four months, showing signs of a resilient economy. | Meanwhile, new home sales rose 3% in October to their highest in four months, showing signs of a resilient economy. |
The benchmark S&P/ASX 200 index was up 0.2% at 5,404.90. | The benchmark S&P/ASX 200 index was up 0.2% at 5,404.90. |
In South Korea, the benchmark Kospi was up 0.4% at 1,988.67 after closing flat on Wednesday. | In South Korea, the benchmark Kospi was up 0.4% at 1,988.67 after closing flat on Wednesday. |