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Asian shares mixed on positive US data | |
(35 minutes later) | |
Asian shares traded mixed on Friday after better-than expected economic data out of the US. | |
US industrial production in September rose 1% and weekly jobless claims dropped to a 14-year low, easing fears of slowing growth. | US industrial production in September rose 1% and weekly jobless claims dropped to a 14-year low, easing fears of slowing growth. |
Federal Reserve members also suggested that the central bank could extend its bond buying program to provide a boost. | Federal Reserve members also suggested that the central bank could extend its bond buying program to provide a boost. |
Japanese shares were down as business confidence in October fell to its lowest in a year and half. | |
The Nikkei 225 was lower 0.5% at 14,666.24 points. | |
The Reuters Tankan survey added to further evidence that policymakers in Japan may have to introduce more stimulus measures to boost the economy from a sales tax hike. | The Reuters Tankan survey added to further evidence that policymakers in Japan may have to introduce more stimulus measures to boost the economy from a sales tax hike. |
Greater China shares | Greater China shares |
Hong Kong shares made modest gains as upbeat US data was offset by ongoing worries about the global economy. | Hong Kong shares made modest gains as upbeat US data was offset by ongoing worries about the global economy. |
The benchmark Hang Seng Index was 0.3% higher at 22,968.49 points. | |
In China, the Shanghai Composite was down 1% as investors awaited third-quarter economic growth figures from China due next week. | |
In Australia, shares on the benchmark S&P/ASX 200 were up 0.4%. | |
Shares of the world's biggest mining company BHP Billiton were up 0.1% after it announced that it would list a planned spin-off company in London next year, along with Australia and South Africa. The move was to appease investors as it tries to focus on its most profitable operations. | |
In South Korea, shares were down after they ended at an eight-month low on Thursday. | |
The benchmark Kospi was lower 0.4% at 1,911.32 points. |