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Markets in Asia mixed with Tokyo posting gains, HK shut on typhoon

Published 10/20/2016, 11:44 PM
Updated 10/20/2016, 11:45 PM
© Reuters.  Asian markets mixed

Investing.com - Asian shares were mixed on Friday with Tokyo showing gains, while Shanghai slipped and Hong Kong shut because of severe weather.

The Nikkei 225 rose 0.22%. Shares of Japanese automaker Nissan rose 1.14% following news on Thursday it had completed the acquisition of a 34% controlling stake in Mitsubishi Motors, which gained 2.43%. Nintendo shares fell 6.70% Friday morning, despite revealing some details about its new gaming console, the Nintendo Switch available from March 2017, according to the company.

The Shanghai Composite Index edged down 0.48%, while Hong Kong's stock market was closed in the morning due to a typhoon. In China, house prices data for September rose at an 11.2% pace, beating the previous gain on 9.2% year-on-year.

The yuan fell to a six-year record low against the dollar after the People's Bank of China sharply weakened the fixing 0.37% weaker at 6.7558 following the dollar index's strength overnight.

U.S. stocks were lower after the close on Thursday, as losses in the Telecoms, Industrials and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.22%, while the S&P 500 index declined 0.14%, and the NASDAQ Composite index lost 0.09%.

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