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| Asian shares trade mixed in holiday shortened week | |
| (about 2 hours later) | |
| Asian markets traded mixed on Monday, although trading was thin at the start a working week shortened by the Christmas break. | |
| Trading activity is likely to muted until the New Year with many investors away for the holidays. | Trading activity is likely to muted until the New Year with many investors away for the holidays. |
| In Japan, shares headed lower ahead of a public holiday on Tuesday. | |
| The benchmark Nikkei 225 was down 1% at 17,606.59, while the dollar was at 119.46 yen compared with 119.43 yen in New York on Friday. | |
| Chinese shares opened higher, taking the lead from Wall Street where shares made big gains on Friday. | |
| The benchmark Hang Seng Index was up 0.8% to 23,300.9, while the Shanghai Composite was higher 0.8% at 3,134.18. | |
| Australian shares were higher after rising 2.5% on Friday, which saw its biggest one-day gain since July last year. | |
| The S&P/ASX 200 index was up 1.3% at 5,407.6. | |
| In South Korea, shares were up despite news that the government is cutting its growth forecasts for this year and 2015. | |
| Officials said the economy would grow by 3.4% this year, down from 3.7% projected in July, while growth next year would be 3.8% from 4% predicted earlier. | |
| The benchmark Kospi was up 0.3% at 1,935.59 points. |