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HONG KONG, Dec 12: Asian stocks closed mixed on Tuesday as investors braced themselves for a meeting of the United States Federal Reserve and a decision on interest rates later in the day.
Investors have wrestled with the direction of the US economy and whether or not the region's largest importer is heading for a soft or harder than expected landing amid mixed economic signals.
TOKYO: Share prices closed up 0.66 per cent buoyed by a firmer Wall Street overnight and a relatively strong dollar which benefits exporters.
HONG KONG: Share prices closed flat as investors locked in profits following Monday's sharp gains, with property stocks taking a hit ahead of the US Federal Reserve's policy meeting later Tuesday.
SYDNEY: Share prices closed flat with gains in select stocks on takeover activity offset by profit-taking in the broader market.
SINGAPORE: Share prices closed 0.23 per cent higher with investors consolidating positions amid a lack of strong fresh trading cues.
KUALA LUMPUR: Share prices closed 1.21 per cent lower on profit-taking with technology, finance and construction stocks leading the falls.
JAKARTA: Share prices closed down 0.29 per cent for a fourth straight day as investors continued to cash in gains after the market's recent run-up to record highs.
WELLINGTON: Share prices rose 1.04 per cent for another record high, playing catch up after underperforming global markets.
MUMBAI: Share prices plunged by 3.02 per cent, closing below the crucial 13,000 point level as sentiment was hit by lower-than-expected industrial production data.—AFP
