Asia mixed but muted; ASX off 0.2%, Kospi up 0.4% ~ Market Updates Tips Tricks Recommendations

Sunday 20 March 2016

Asia mixed but muted; ASX off 0.2%, Kospi up 0.4%

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Markets in Asia traded mixed Monday morning, with some analysts predicting a quiet week ahead in the absence of major economic data from the US and China, and with many markets off for Good Friday.

The South Korean Kospi was up 0.44 percent, while Down Under, the ASX 200 was down 0.21 percent. The Australian benchmark index was weighed down by losses in the energy subindex, down 1.32 percent, and the financials subindex, lower by 0.49 percent.

In Japan, the benchmark Nikkei 225, which shed 1.25 percent Friday to close at 16,724.81, was closed for a public holiday. The index came under pressure late last week, following renewed strength in the Japanese yen against the dollar. The dollar/yen pair traded down 0.17 percent at 111.36 early Monday morning, after finishing at 111.55 on Friday.

South Korean blue chip stocks were mostly higher, with Samsung Electronics adding 0.39 percent, Kepco up 1.17 percent and Hyundai Motor higher by 0.66 percent.

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