Asia trades mixed as Park offers to resign

Market Reports | Markets 11/29/2016, 7:25 AM
Asia trades mixed as Park offers to resign

Asian markets traded mixed on Tuesday as crude prices fell on fears the Organization of the Petroleum Exporting Countries (OPEC) members states would fail to agree on an output cut at tomorrow's meeting.

The Nikkei 225 edged down 0.16% at 6:45 a.m. CET in spite of the release of data showing improved employment and a reduced decline in household spending in Japan.

The Hang Seng decreased 0.25% at 7:08 a.m. CET. In mainland China, the Shanghai Composite inched  up 0.09 at 7:08 a.m. CET and the Shenzhen Composite increased 0.14% at 7:10 a.m. CET.

In Korea, the Kospi was up 0.08% at 6:50 a.m. CET as the country's President Park Geun-hye offered to step down amid a corruption scandal.

Australia's S&P/ASX 200 traded 0.13% lower at 6:41 a.m. CET.

WTI for January dell 0.36% to go for $46.70 per barrel at 6:57 a.m. CET and Brent declined 0.58% to sell for 47.81 per barrel at 7:03 a.m. CET.

The dollar index was almost flat, up 0.05% at 7:14 a.m. CET. The greenback was down 0.13% against the yen to change hands for 111.958 at 7:15 a.m. CET.


TeleTrader Newsroom / NP


Japan 225 Ind...+0.50%

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Hong Kong 50 ...+0.49%

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