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Asia stocks mixed as investors eye China markets

Asia stocks mixed as investors eye China markets

 

Asian stocks were trading mixed on Friday in morning session as Investors kept an eye on Chinese markets, which bounced back after taking a tumble in the last session.

In Tokyo, Nikkei 225 was lower by 0.47% as markets reopened for trade after a day off. Trading houses, banks, manufacturing and retail companies were seen losing, while technology stocks were a mixed picture. Nintendo rose 1.98%, SoftBank Group edged up 0.46% and Sharp was down 0.98%.

Across the Korean Strait, the Kospi tacked on 0.03%, with tech heavyweight Samsung Electronics off by 0.07%. Brokerages and financials were slightly lower.

Down Under, the S&P/ASX 200 shed 0.24%. Most sub-indexes were little changed. However, the industrials and information technology sub-indexes fell 0.62% and 0.82% respectively.

Chinese equities were in focus after greater China markets recorded sharp declines in the last session. Hong Kong's Hang Seng Index clawed back gains to climb 0.39% after closing 1% lower on Thursday.

On the mainland, the Shanghai Composite was 0.17% lower and the Shenzhen Composite was off by 0.04%.

In corporate news, Australian department store chain Myer's annual general meeting is set to take place on Friday. Shares of Myer were flat.

Shares of Mitsubishi Materials tumbled 9.05% after the company acknowledged that some of its units falsified product data to meet requirements.

SenseTime Group, a Chinese artificial intelligence company, intends to launch an initial public offering, according to reports.

 

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