27 Dec '11, 6am

Asian markets lower in quiet holiday trade

HONG KONG: Asian markets were marginally lower in quiet trading Tuesday, with few economic developments or data in the region or elsewhere to drive sentiment. The Nikkei index at the Tokyo Stock Exchange fell 0.45 percent or 38.53 points to 8,440.81 by noon. The Topix index of all first section shares eased 0.34 percent or 2.47 points to 723.97. Chinese shares were flat in afternoon trade with investors remaining cautious ahead of the New Year holiday. The Shanghai Composite Index, which covers both A and B shares, was down 0.06 percent, or 1.25 points, to 2,188.86. "We won't see too much volatility this week as investors will be cautious before the New Year holiday," Li Xiaoxuan, an analyst with Shenyin Wanguo Securities, told Dow Jones Newswires. Financial markets in Australia, Hong Kong and New Zealand were closed for public holidays, as was London, while traders awaite...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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