Shanghai stands out in mixed Asian session – CNBC

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Chinese markets stood out in a mixed trading session in Asia on Monday, with many market watchers predicting a quiet week ahead in the absence of major economic data from the U.S. and China, and with many markets off for Good Friday.

Chinese markets finished up, with the Shanghai composite ending up 64.97 points, or 2.20 percent, at 3,020.12, while the Shenzhen composite added 49.16 points, or 2.67 percent, to 1,886.37. Market watchers pointed to China’s loosening of controls over margin lending as a catalyst for the moves.

The South Korean Kospi gave up early gains to finish lower by 2.36 points, or 0.12 percent, at 1,989.76. Hong Kong’s Hang Seng index erased morning gains to close near flat at 20,684.15.

Down Under, the ASX 200 closed down 16.55 points, or 0.32 percent, at 5,166.56, weighed by losses in the energy and financials subindexes, down 1.03 and 0.55 percent respectively.

In Japan, the benchmark Nikkei 225, which shed 1.25 percent Friday to close at 16,724.81, was closed for a public holiday. The index came under pressure late last week, following renewed strength in the Japanese yen against the dollar.

Shanghai stands out in mixed Asian session – CNBC}