Seeking Alpha

Asian shares mixed

  • Japanese shares (DXJ, EWJ) rise 2.2% as the yen weakens vs the dollar following strong U.S. factory data yesterday, which increased expectations of Fed tapering.
  • However, Chinese stocks (FXI) drop 0.5%, with financials hurting due to concern about tightening liquidity before the end of the month. Hong Kong falls 0.1%.
  • Elsewhere, emerging-markets end the week relatively calmly after a week of turmoil. India +0.5%, Indonesia -0.2%, Thailand -0.5%, Malaysia flat.
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