Asian shares were mixed on Tuesday with Tokyo hitting a seven-week high, but Hong Kong and Shanghai dented by real estate.
Asian shares mixed in thin trade, Nikkei 225 hits 7-week highAsian shares mixed
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.
www.punjiniveshonline.com
Asian shares mixed in thin trade, Nikkei 225 hits 7-week highAsian shares mixed
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.
www.punjiniveshonline.com
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