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Asian shares down as Greece worries weigh on investors | Asian shares down as Greece worries weigh on investors |
(about 9 hours later) | |
Asian shares traded lower as political uncertainty in Greece and a sell-off in commodities weighed on investors' appetite. | |
Greek Prime Minister Antonis Samaras failed to get enough support for his presidential nominee on Monday and will call an election for 25 January. | Greek Prime Minister Antonis Samaras failed to get enough support for his presidential nominee on Monday and will call an election for 25 January. |
The price of copper also fell to its lowest in four-and-a-half years on a strong dollar and a slowdown in China. | |
Japan's Nikkei fell 1.6% to 17,450.77 on its last trading day this year. | |
But the index ends the year up 7.1%, driven by aggressive asset purchases by the Bank of Japan and a weaker yen that boosted company profits. | |
The dollar was at 120.41 yen from 120.66 yen in morning trade. | |
Japanese markets will be shut for the reminder of this week and will reopen next Monday. | Japanese markets will be shut for the reminder of this week and will reopen next Monday. |
China shares traded in opposite directions with Hong Kong's Hang Seng index down 0.9% at 23,550.44. | |
On the mainland, the Shanghai Composite bucked the trend and was up 0.7% to 3,189.64. | |
Resources down | |
In Australia, the benchmark S&P/ASX 200 closed down 1% to 5,416.6 after gaining 1.5% on Monday. | |
Shares of heavyweight miners BHP Billiton and Rio Tinto were both down more than 0.7% on falling commodity prices. | |
South Korean shares were lower despite economic data showing signs of the economy picking up. | South Korean shares were lower despite economic data showing signs of the economy picking up. |
The country's industrial output rose by a seasonally adjusted 1.3% in November from October, just beating expectations and marking its fastest rise in four months. | The country's industrial output rose by a seasonally adjusted 1.3% in November from October, just beating expectations and marking its fastest rise in four months. |
Meanwhile, its current account surplus was also up to a seasonally adjusted $9.73bn (£6.2bn) in November - its highest in seven months. | Meanwhile, its current account surplus was also up to a seasonally adjusted $9.73bn (£6.2bn) in November - its highest in seven months. |
But the benchmark Kospi closed down 0.6% to 1,915.59, down 4.8% for the year. | |
This year marked the first annual decline for the main bourse since 2011. | |
South Korean markets will reopen on Friday. |
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