Asia Mixed Amid Japan-China Tensions
Asia-Pacific markets traded mixed as investors assessed rising Japan-China tensions. The Nikkei 225 dipped 0.1%, Hang Seng fell 0.7%, and Shanghai's CSI 300 dropped 0.7%. Shiseido plunged 9.08%, Isetan Mitsukoshi Holdings lost over 11%, and Oriental Land declined 5.68%. ANA Holdings fell 3.35%. Japan's economy contracted by 0.4% in Q3. Kospi gained 1.9%, Straits Times Index fell 0.1%, Taiex recovered 0.2%, ASX 200 gained slightly, and NZX 50 moved forward 0.3%.
Asia-Pacific markets traded mixed on Monday as investors assessed rising friction between Japan and China after Beijing warned its citizens about travel and study plans in Japan.
In Japan, the Nikkei 225 dipped 52.62 points, or 0.1%, to 50,323.91.
In Hong Kong, the Hang Seng let go of 188.16 points, or 0.7%, to 26,384.28.
Beauty and cosmetics firm Shiseido, which relies heavily on Chinese spending, plunged 9.08%. Isetan Mitsukoshi Holdings, the parent company of the Mitsukoshi and Isetan department-store chains, lost more than 11%. Oriental Land, operator of Tokyo Disney Resort, declined 5.68%. Shares of airline operator ANA Holdings fell 3.35%.
Japan’s economy also contracted by a smaller-than-expected 0.4% in the quarter ended September, compared to the previous one.
In other markets
The CSI 300 in Shanghai fell 30.09 points, or 0.7%, to 4,598.05,
In Korea, the Kospi gained 77.68 points, or 1.9%, to 4,089.25
In Singapore, the Straits Times Index subtracted 2.48 points, or 0.1%, to 4,543.59
In Taiwan, the Taiex recovered 49.81 points, or 0.2%, to 27,447.31
In Australia, the ASX 200 forged a gain of 1.87 points to 8,636.46
In New Zealand, the NZX 50 moved forward 34.58 points, or 0.3%, to 13,499.04
