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Japan's Nikkei higher after early election call | Japan's Nikkei higher after early election call |
(about 1 hour later) | |
It was a mixed start for Asian shares following news of a snap election in Japan and the delay of a proposed sales tax increase. | It was a mixed start for Asian shares following news of a snap election in Japan and the delay of a proposed sales tax increase. |
The benchmark Nikkei 225 was 0.3% higher at 17,398.80, adding to the previous session's 2% gain. | |
As widely expected, Prime Minister Shinzo Abe called an early election, two years ahead of schedule after the markets closed on Tuesday. | As widely expected, Prime Minister Shinzo Abe called an early election, two years ahead of schedule after the markets closed on Tuesday. |
The dollar traded at 116.87 yen, after rising as much as 117.065 overnight. | |
That was its highest level since October 2007. | That was its highest level since October 2007. |
Shares in auto parts maker Takata fell as much as 7.5% to a five and a half year low after US regulators called to expand its air bag recall across the country. | |
In Hong Kong shares were down 0.3% with the Hang Seng index at 23,529.17. | |
Shanghai's Composite index was also lower, down 0.2% at 2,452.15. | |
Heavy metal | Heavy metal |
In Australia, shares were lower, marking three consecutive days of declines. | In Australia, shares were lower, marking three consecutive days of declines. |
The benchmark S&P/ASX 200 index was down 0.3% at 5,383.70 with shares of Fortescue Metals falling over 6% to a five-year low. | |
Australia's third-largest iron ore miner came under pressure after iron ore prices slipped to five-year lows due to oversupply and a slowing of Chinese demand. | Australia's third-largest iron ore miner came under pressure after iron ore prices slipped to five-year lows due to oversupply and a slowing of Chinese demand. |
South Korean shares were down 0.3% at 1,961.86 after ending a three-day losing streak on Tuesday. | |
Economic data showed that in October producer prices fell for a third consecutive month as lower energy prices dented domestic demand. | |
The producer price index fell 0.7% from a year earlier- the biggest annual decline since February's 0.9% fall. |