Asian Shares Mixed With Nikkei 225 Down Despite Heavyweight Gains

Date | 19-01-2018 - 12:05 PM Article Type | Stock Markets Region | Asia - Asian shares were mixed on Friday with Tokyo down despite some heavyweight gains as investors looked to US politics after the House of Representatives passed a stopgap funding bill for the government, but the Senate may be harder to reach a deal and President Trump has how own concerns.

Japan's Nikkei 225 dipped 0.05%. Mitsubishi Motors rose 1.29%, outperforming other major auto stocks, with heavyweight Toyota higher by 0.12%. Japan's SoftBank Group on Thurday became Uber's largest shareholder after it officially closed a high-profile deal with the ride-hailing company. The deal had valued Uber at around $48 billion, which was a discount to a previous valuation of nearly $70 billion. SoftBank shares were off by 0.4%.

Australia's S&P/ASX 200 fell 013%.

In Greater China, the Shanghai Composite rose 0.36% and the Hang Seng indexgained 0.10%.

Overnight, The Dow Jones industrial average fell on Thursday 97.84 points at 26,017.81 after falling 168.33 points at its session lows. The S&P 500 alternated between gains and losses throughout the session before closing 0.2% lower at 2,798.03.

Author: Heng V. Mony
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