(MENAFN– ecpulse)
Asian stocks were mixed on Wednesday as Japan found support from the weaker yen while a possible US strike on Syria continued to weigh on sentiment. Obama won support from opposition lawmakers for a military strike on Syria, while Russia considers supporting a UN resolution if it is proved that Damascus used poison gas on its own people.
- The MSCI Asia Pacific Index rose 0.3% to 132.95 as of 14:34 in Hong Kong
Japan`s benchmark index erased earlier losses to hit a one-month high as sentiment found support from the China’s positive data. An earthquake with a magnitude of 6.9 hit southern Japan without hurting sentiment. TEPCO fell today after officials said radiation readings at the Fukushima nuclear plant have hit a record high.
- Nikkei 225 closed 0.54% higher at 14053.87
- Topix closed 0.62% higher at 1156.30
China`s benchmark index reversed some of the earlier losses amid ongoing worries over Syria. The prospects of a punitive military strike on Damascus seams more likely now that Obama is finding support from congress.
- China’s CSI 300 Index closed 0.16% lower at 2350.70
- Hong Kong’s Hang Seng closed 0.31% lower at 22326.22
In Australia the benchmark index fell due to losses among banks and resource stocks. The second-quarter GDP had little to no effect on the index as growth rose by 2.6% almost in line with expectations. In South Korea the benchmark index fell on profit-taking, while the central bank said foreign reserves rose to another record high at the end of August.
- The S&P/ASX 200 closed 0.67% lower at 5161.64
- Kospi closed 0.04% lower at 1933.03
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