Tuesday, 29 November 2016

Asia markets open mixed; Nikkei down, Kospi and ASX trade flat

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Asia markets were mixed on Tuesday, taking cues from the US where a post-election rally appeared to stumble. Traders also looked ahead to key global events set to take place this week, including a meeting on Wednesday between the world's largest oil producers, and the release of the US nonfarm payroll report on Friday. In Japan, the Nikkei 225 opened down 0.41 percent, while the Topix fell 0.34 percent. 

Japanese shares were likely pressured by a slightly stronger yen, which traded at 111.94 against the dollar on Tuesday morning in Asia, climbing from levels near 113.00 in the previous week.

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