Economic news

Asian stocks close mixed in cautious trade

Asian stocks ended mixed on Wednesday as markets have calmed down after a recent sell-off and local factors have come to the fore.

Photo: Reuters

Japan’s Nikkei lost 0.4% on the day, Hong Kong's Hang Seng gained 2.3%, the Chinese Shanghai Composite rose 0.5%, South Korea's KOSPI jumped 1.1%, the Australian S&P/ASX 200 fell 0.3%.

Japanese shares touched a four-month trough as the yen strengthened against the U.S. dollar, which had a negative impact on the shares of exporters.

The Japanese economy in three months to December extended its growth for the eighth quarter in a row, its longest period growth since the late 1980s.

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