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Asia stocks mixed on China growth concerns; Nikkei up 0.45%

Published 03/14/2012, 10:08 PM
Updated 03/14/2012, 10:13 PM
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Investing.com - Asian stocks were mixed on Thursday, as concerns that China's growth won't be as robust as once thought tempered optimism stemming from a positive assessment the Federal Reserve made on the U.S. economy.

During Asian trading on Thursday, Hong Kong's Hang Seng Index was down 0.42%, Australia's S&P/ASX200 was down 0.39%, while Japan’s Nikkei 225 Index was up 0.45%.

The U.S. Federal Reserve left interest rates unchanged earlier this week and said the economy would grow and unemployment would fall while making no mention for a need to consider stimulating the economy via easing measures.

The Fed's language suggested the world's largest economy is showing signs of increasingly robust improvement, although comments out of Beijing that growth must remain steady but cooler clouded otherwise sunny skies in Asian markets on Thursday.

Japanese industrial output figures came in a little weaker than expected as well.

In Hong Kong, the top decliners included China Overseas, down 3.11%, China Merchant Holdings, down 2.79%, and Esprit Holdings, down 1.94%.

In Australia, the top decliners included Art Energy, down 6.85%, Beadell Resources, down 6.58%, and Alacer Gold, down 5.62%.

European stock futures indicated a higher opening.

France's CAC 40 futures pointed to a gain of 0.21%, while Germany's DAX 30 futures signaled a gain of 0.26%. Meanwhile, in the U.K., the FTSE 100 futures indicated a gain of 0.11%.

Dow Jones Industrial Average futures were down 0.01% while the S&P 500 futures were up 0.03%.

Later Thursday, Australia is to publish a report by the Melbourne Institute on inflation expectations, followed by official data on new motor vehicle sales, a sign of consumer confidence.

Japan is scheduled to release the minutes of its latest monetary policy meeting.





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