Seeking Alpha

Asian shares mixed

  • Japanese stocks (DXJ) close +1% after touching a low of -1.6% earlier in the day, with shares boosted by a report that the a major public pension fund could increase its equities allocation, and on market chatter that the central bank was buying ETFs.
  • Hong Kong (EWH) shares drop 1.3% as HSBC falls 5% following the bank's earnings yesterday, when it also said it may have to pay up to $1.6B in a lawsuit over soured mortgage bonds.
  • Elsewhere, China +0.5%, India -1.4%.
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