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Asian shares mixed with investors eyeing monetary policy, Tokyo up

Published 07/18/2016, 11:07 PM
Updated 07/18/2016, 11:09 PM
© Reuters. Asian shares narrowly mixed

Investing.com - Asian shares were narrowly mixed on Tuesday with investors awaiting monetary policy cues in Australia, Japan and China for direction.

The Nikkei 225 rose 0.47%, while the S&P/ASX 200 fell 0.20% and the Shanghai Composite eased 0.44%.

The yuan was barely changed against the dollar after the People's Bank of China weakened the fixing for a second consecutive day and at the lowest level since October 2010 at 6.6971, compared with 6.6961 on Monday.

Overnight, U.S. stocks were higher after the close on Monday, as gains in the Technology, Basic Materials and Consumer Services sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 0.09% to hit a new all time high, while the S&P 500 index added 0.24%, and the NASDAQ Composite index added 0.52%.

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