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Asian markets end mixed after Hang Seng dives in last hour.

Asian markets finished the day mixed on Tuesday as Hong Kong's Hang Seng Index took a dive in the last hour of trading after other markets closed.

Tokyo's Nikkei 225 index closed up 0.75% at 1 a.m. New York time, while the Shanghai Composite index ended down 1.91 percent at 2 a.m. The Hang Seng, which was trading at 22,408.9 at 2 a.m., closed down 0.38% to 22,326.64 at 3 a.m.

USD/JPY, a barometer for risk appetite, was relatively flat for the Asian session until 1 am. At 2 am, the pair traded at 92.182. Within 1 hour, it traded as low as 91.714, losing 46.8 pips. The Australian dollar - a high-yielding and commodity currency that has benefited from the global economic recovery - followed a similar pattern by dropping against the dollar at 2 am.
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Publication:International Business Times - US ed.
Article Type:Brief article
Geographic Code:9HONG
Date:Jan 12, 2010
Words:150
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