Asia Friday: Japan, Hong Kong Fall; Shanghai Gains

Dec.14.07 | About: iShares MSCI (EWJ)

Asian indexes were a mixed bag Friday.

The Nikkei fell 0.14%. Nikon (OTCPK:NINOY) gained 5%. Mizuho Financial (NYSE:MFG) fell 4.9%.

The Hang Seng fell 0.65%. China Netcom (NYSEARCA:CN) gained 2.8%. China Petroleum (NYSE:SNP) lost 2.45%. China Life (NYSE:CHL) fell 1.9%.

The Shanghai Composite rose 1.01%.

The Bank of Japan's closely watched tankan survey showed corporate sentiment in Japan is waning, with sentiment among large manufacturers at a two-year low. Sentiment among property companies was also weak; Tokyo's real estate index fell 4.5% Friday, the worst sector. Banks were down as Japanese traders fretted the possibility Japanese banks may be obliged to contribute about $5 billion each to a fund to support subprime losses.

Sources: Reuters

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