Asian indices end mixed; awaits Trump conference

India Infoline News Service | Mumbai | January 11, 2017 15:55 IST

Investors now await US President-elect Donald Trump's speech later today for clues to his tax and international trade policies. Oil higher ahead of stockpile data.

Businessmen-Watching-Data-on-Flat-Panel-Monitors
Asian indices ended mixed as some markets recovered losses after strong economic data from China improved the outlook for the world's second-largest economy.

Investors now await US President-elect Donald Trump's speech later today for clues to his tax and international trade policies. Oil higher ahead of stockpile data.

Gains in Asian indices were led mostly by South Korea, as shares of Samsung Electronics hit a record high post the release of good quarterly earnings by the company.

Japan's Nikkei 225 ended 0.3% higher, rising for the first time after three consecutive days of losses.

Chinese producer prices in December recorded their fastest growth in five years, propelling gains in industrial metals and other raw materials, on hopes the world's second-largest economy will lead to a growth in global inflation through its supply chains.

On the flip side, Shanghai Composite decreased 14.58 points or 0.46% to 3,147.09 and Taiwan Weighted decreased 3.9 points or 0.04% to 9,345.74.

Meanwhile, Nikkei 225 is at 19,365 (up 0.3%), South Korea’s Kospi index ​is ​at 2,075 points (up 1.4%) and Indonesia’s Jakarta Composite ​is ​at 5,301 points (down 0.16%). Singapore’s Straits Times at 3,001 points (down 0.17%), Hong Kong’s Hang Seng at 22,935 points (up 0.8%) and Singapore Nifty at 8,397 points (up 1.2%).
 

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