Showing posts with the label Asia & Pacific at Close.

Asia Pacific Markets Closing Report: Asia markets mixed as Japan's autos slip; dollar weakens

  Weizhen Tan 4-5 minutes - Source: CNBC SINGAPORE — Asia-Pacific markets were mixed by the close on Wednesday. Investors remained cautious despite vaccine hopes, as coronavirus cases continued to surge. Meanwhile, the U.S. dollar continued its slide. China’s Shanghai composite edged up 0.22% to close at 3,347.30, while the Shenzhen component fell 0.54% to 13,658.20. Hong Kong’s Hang Seng index traded 0.25% higher in the afternoon. In Japan, the Nikkei 225 fell 1.10% to close at 25,728.14, while the Topix dropped 0.81% to 1,720.65. Japanese exports in October did much better than expected , falling 0.2%, according to the Ministry of Finance. That’s compared to a 4.5% decline forecast by economists in a Reuters poll. It followed a 4.9% drop in September. Exports were helped by a rise in demand for Japanese cars by China and the U.S., which drove up shipments, according to Reuters. However, automakers — among the country’s key export