Printer Friendly

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.
COPYRIGHT 2010 International Business Times
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:International Business Times - US ed.
Article Type:Brief article
Geographic Code:9HONG
Date:Jan 12, 2010
Previous Article:Post-Market Report: Recovery hopes dampened after Chinese central bank tightens.
Next Article:Morehead Port closed, evacuated after explosive material incident.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |