Tuesday, 10 May 2016

Asia Mixed in Early trade; Nikkei up 0.4%, Kospi Flat

Asia markets traded mixed on Tuesday, with the Japanese benchmark index leading gains in early trade, ahead of Chinese inflation data due later on Tuesday. 

Australia's ASX 200 was down 0.36 percent, weighed by steep declines in the energy and materials sub-indexes, down 2.21 and 3.13 percent respectively.

In Japan, the Nikkei 225 added 0.38 percent, while across the Korean Strait, the Kospi was flat. 

Angus Nicholson, a market analyst at spreadbetter IG, said gains in the dollar and a pullback in oil prices would dominate markets in the near-term. 

US stocks closed mixed in high-volume trade, with the Dow Jones industrial average was down 0.2 percent, the S&P 500 closed up 0.08 percent and the Nasdaq composite added 0.3 percent.

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