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Asia stocks mixed amid thinner pre-holiday trade

WT24 Desk

Asian markets were mixed on Thursday amid thinner pre-holiday trade, after the Dow failed to rea Add Mediach the 20,000 mark overnight, CNBC reports.

Japanese benchmark Nikkei 225 fell 0.3 percent. Australia’s ASX 200 was up 0.33 percent in early trade, while New Zealand’s NZX 50 was up 0.473 percent.

 Over in New Zealand, the economy expanded in the third-quarter of the calendar year as domestic consumption, home-building and tourism surged. For the months from July to September, New Zealand’s gross domestic product rose 1.1 percent, beating Reuters forecast of a 0.9 percent increase, and the fifth straight quarter of growth at 0.7 percent or higher.

“Markets have slipped into a holiday trading mood, with equities and major currencies hovering in recent ranges,” said Chang Wei Liang, FX strategist at Mizuho Bank, in a note on Thursday.

In South Korea, the Kospi was up 0.13 percent.

The Constitutional Court of Korea will begin its first hearings on the impeachment of President Park Geun-hye, who is accused of letting a close friend meddle in state affairs and wield insider influence for personal gain.

Chinese shares fell in early trade, the Shanghai composite was down 0.09 percent while the Shenzhen composite dipped 0.145 percent.

In Hong Kong, the Hang Seng was down 0.15 percent.

-31.05 -0.16%
HSI HSI 21659.80
-150.00 -0.69%
ASX 200 S&P/ASX 200 5626.60
13.13 0.23%
SHANGHAI Shanghai 3134.01
-3.42 -0.11%
KOSPI KOSPI Index 2038.21
0.25 0.01%
CNBC 100 CNBC 100 ASIA IDX 6785.31
-22.69 -0.33%

In economic news, central banks in the Philippines and Taiwan will announce monetary policy decisions.

The Dow Jones industrial average slipped 0.16 percent to close at 19,941.96, the S&P 500lost 0.25 percent at 2,265.18 while the Nasdaq composite fell 0.23 percent to 5,471.43.

On the currency front, the dollar index last traded at 103.02, slightly lower from 103.2 seen yesterday. The dollar/yen stood at 117.56, while the Australian dollar was at $0.7234.

Oil prices fell on Wednesday in the U.S. after Libya said it would boost production in the coming months, and a U.S. Energy Information Administration (EIA) report showed a rise in U.S. crude stockpiles.

U.S. crude slipped 0.13 percent to $52.56 per barrel during Asian trade on Thursday, while global benchmark Brent had settled lower by 1.6 percent to $54.46 a barrel on Wednesday in the U.S.

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