Asian stocks subdued amid holiday-thinned trades

By FXStreet FXStreet (Mumbai) – The stocks on the Asian bourses kicked-off the week on a negative tone, although the Japanese markets reversed losses and trades marginally higher. While the Australian and New Zealand markets are closed today in observance of Boxing Day holiday.

The Japanese stocks had a softer start tracking mixed close on the Wall Street on Christmas Eve, although turned higher mainly driven by a weaker yen, which offered some support to the exporters’ stocks.
Meanwhile, USD/JPY trades 0.10% at 120.40 and the Nikkei gains 0.21% to 18,808. While markets shrugged off poor Japanese retail sales and industrial production data released earlier on the day.

While the Chinese indices are seen trading mixed amid lack of fresh triggers as most traders are on the extended-Christmas holidays. The benchmark Shanghai Composite (SSEC) trades +0.10% around 3,615. While Hong Kong’s, the Hang Seng drops -0.51% to 22,025 and China’s A50 index declines nearly 1% to 10,890 points.
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Source:: FX Street