Asian shares mixed after dollar rally pauses as investors digest Japan data

Asian shares were mixed early in Friday trade after the greenback gave back some gains overnight as markets digested prospects for US tax reform. Markets in Asia also digested a raft of data out of Japan.

The Nikkei 225 shed 0.19 percent in early trade after the dollar rally paused overnight. The US currency, however, inched higher against the yen following the release of a raft of economic data early in the session. The greenback traded at 112.56 at 8:12 a.m. HK/SIN, up from levels around 112.4 earlier, but below the 113 touched during Asian trade on Thursday.

Across the Korean Strait, the Kospi tacked on 0.45 percent as most manufacturing and oil stocks posted gains. Automakers were also moderately higher.

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Posted in: Indian Market Tips