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Asian markets mixed after Wall Street slips

Asian markets mixed after Wall Street slips

Asian stock markets were mixed in sluggish, year-end trade yesterday, following a lackluster session on Wall Street as many investors held back after this year's global rally. A number of markets fluctuated, with Japan's benchmark flat as shares of Japan Airlines plummeted amid fears the beleaguered carrier could end up in bankruptcy proceedings as part of a turnaround plan. The U.S. dollar regained some strength against the euro and the yen, while oil prices were slightly higher.
In Japan, the Nikkei 225 stock average was little changed, off 2.58 points at 10,635.48, with shares of JAL tumbling nearly 25 percent to a new low. Hong Kong's Hang Seng fell 109.96, or 0.5 percent, to 21,389.48. Among other losing markets, Australia's benchmark shed 0.2 percent and Singapore's key index was down 0.1 percent.
Elsewhere, South Korea's Kospi gained 0.2 percent to 1,675.40 and China's Shanghai market rose 1.1 percent to 3,245.32.


Updated : 2021-05-18 13:12 GMT+08:00