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Asian shares mixed in thin trade, Nikkei 225 hits 7-week high

Published 05/27/2014, 12:03 AM
Updated 05/27/2014, 12:06 AM
Asian shares mixed

Investing.com - Asian shares were mixed on Tuesday with Tokyo hitting a seven-week high, but Hong Kong and Shanghai dented by real estate.

The Nikkei 225 rose 0.87% in the morning with traders bullish.

But Hong Kong's Hang Seng Index fell 0.2% as investors continued to steer clear of property shares amid signs of slowing demand.

Wharf Holdings (HK:0004) was the biggest decliner, down 2.6%. Sino Land (HK:0083) fell 0.5% and China Resources Land declined 0.7%. The Shanghai Composite fell 0.22%

The rest of the region was little changed after market holidays in the U.S. and U.K. on Monday. Australia's S&P/ASX 200 was flat and South Korea's KOSPI fell 0.3% to 2003.75.

Trade volumes were thin on Monday with U.K. markets closed for a public holiday and markets in the U.S. remaining shut for the Memorial Day holiday.

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