Mixed Tuesday in Asia

by: SA Eli Hoffmann

Asian markets were mixed Tuesday.

The Nikkei fell 0.27%. Yahoo Japan (NASDAQ:YHOO) climbed 2.6% after Monday's 6% dive. Trend Micro (OTCPK:TMICY) gained 2.4%. Nikon (OTCPK:NINOY) dropped 4.7%.

The Hang Seng was up 0.51%. Hong Kong and China Gas (OTCPK:HOKCY) gained 4.9%, China Petroleum (NYSE:SNP) was up 3.6%, and China Life (NYSE:LFC) was up 1.8% after Monday's 4.3% slide. Petrochina (NYSE:PTR) was down 2.2%.

China's Shanghai Composite lost 0.83%.

"Today, pessimistic views on U.S. economy got an upper hand in the market," said Fortis Asset Management CEO Hitoshi Yamamoto. "But it's difficult to talk about the market at this time of the year. Foreign investors are effectively on vacation, and the overall market is more prone to be moved by index futures trades."

Sources: Reuters

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