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Asian stocks end mixed

Asian stocks end mixed

Asian markets were mixed yesterday after the previous day's big rally as investors turned cautious ahead of the U.S. government's "stress tests" for the 19 largest American financial companies later this week.
Global markets surged Monday amid signs of recovery in China, India and the U.S. But yesterday, investors wanted more assurances before bidding up stocks higher and seemed to be looking for chances to pocket recent gains.
"Most investors are trying to unload shares," said Castor Pang, an analyst at Sun Hung Kai Financial in Hong Kong. "Selling pressure is there."
Hong Kong's benchmark Hang Seng index flitted in and out of positive territory. By midday, it was up 0.1 percent. Mainland China's benchmark Shanghai Composite Index edged 0.2 percent lower to 2,555.28 by the lunch break, while India's Sensex was down 0.7 percent after jumping 6.4 percent Monday.


Updated : 2021-05-14 12:01 GMT+08:00