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Asian shares trade mixed, mostly in line with U.S. overnight

Published 02/22/2017, 01:10 AM
Updated 02/22/2017, 01:11 AM
© Reuters.  Asian shares mixed

Investing.com - Shares in Asia were mixed on Wednesday, mostly in line with Wall Street overnight as investors wait-and-watch for U.S. economic policy details from president Donald Trump.

Japan's Nikkei 225 traded down 0.18%. In Japan, Toshiba shares climbed 10.89%, following Tuesday reports the troubled conglomerate was looking to raise at least $8.8 billion from the sale of a majority stake in its flash memory chip business after booking a $6.3 billion write-down on its U.S. nuclear business.

In Australia, the S&P/ASX 200 reversed losses to trade up 0.12%, but shares of Commonwealth Bank of Australia dropped 2.69%, likely dragging the financial subindex, which shed 0.5%.

BHP Billiton (LON:BLT) traded down 0.22% after the Anglo Australian miner reported on Tuesday first-half net profit rose almost eight-fold to $3.24 billion from $412 million a year earlier. Hong Kong's Hang Seng index climbed 0.61% and the Shanghai composite edged down 0.03%.

Overnight, U.S. stocks were higher after the close on Tuesday, as gains in the Utilities, Consumer Goods and Oil & Gas sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 0.58% to hit a new all time high, while the S&P 500 index gained 0.60%, and the NASDAQ Composite index climbed 0.47%.

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