Asian markets mixed, Shanghai up 0.2% – CNBC

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Asian markets were mixed on Monday, as the dollar strengthened against Asian currencies.

Japan’s benchmark’s Nikkei 225 index closed up 1.39 percent, or 233,18 points at 17,068.02, as the yen weakened against the rising dollar and on media reports that a planned hike in the country’s consumption would be delayed.

Chinese markets pared back earlier losses: Shanghai composite closed up 0.1 percent, at 2.818 points at 2,823.864 and the Shenzhen composite closed lower by 0.457 percent, or 8.264 points at 1,798.774.

Hong Kong’s Hang Seng index traded up 0.3 percent at 3:10 p.m. HK/SIN time.

Australia’s ASX 200 closed effectively flat at 5,408 points, weighed by a 0.66 percent decline in its materials subindex.

Major Australian resource producers were under pressure, with shares of Rio Tinto were lower 0.13 percent, Fortescue Metals down 1.32 percent and BHP Billiton fell 0.67 percent.

Across the Korean Strait, the Kospi closed down 0.1 percent, or 2.04 points at 1,967, in the wake of a South Korean central bank survey of 1,700 manufacturers showing that business confidence was at a seven-month high.

Over in south-east Asia, AirAsia stocks were up 1.7 percent, after the low-cost carrier’s CEO Tony Fernandes said there was a $1 billion offer for its leasing subsidiary, reported Reuters.

Asian markets mixed, Shanghai up 0.2% – CNBC}