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Asian shares mostly weaker as Tokyo leads after mixed spending data

Published 11/28/2016, 11:25 PM
Updated 11/28/2016, 11:27 PM
© Reuters.  Asian shares weaker
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Investing.com - Asian shares were mostly weaker on Tuesday with Tokyo down after mixed data on household spending and retail sales.

The Nikkei 225 fell 0.30%, with Japanese shares pressured by a slightly stronger yen, which traded at 112.00 against the dollar on Tuesday morning in Asia, climbing from levels near 113.00 in the previous week.

In Japan, household spending for October fell 1.0% month-on-month, compared to a 0.1% gain seen, and at a minus 0.4% pace year-on-year, compared to a 0.6% fall expected for the eighth straight drop. Unemployment for October clocked in at 3.0% as seen, while retail sales rose 0.1%, compared to a 1.2% fall seen year-on-year.

The Shanghai Composite Index rose 0.32%, while Hong Kong's Hang Seng Index fell slightly by 0.04% at 22,827.73.

Overnight, U.S. stocks were lower after the close on Monday, as losses in the Oil & Gas, Financials and Healthcare sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.28%, while the S&P 500 index fell 0.53%, and the NASDAQ Composite index declined 0.56%.

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