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Shares in Asia mixed as Shanghai slides after house prices data

Published 11/17/2016, 11:09 PM
Updated 11/17/2016, 11:11 PM
© Reuters.  Asian shares mixed
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Investing.com - Asian shares traded mixed on Friday with Shanghai down as property prices figures gave room for pause.

The Shanghai Composite Index fell 0.15%, while Hong Kong's Hang Seng Index was last up 0.30%.

In China, house prices rose 12.3% in October year-on-year, compared to a previous gain of 11.2%. Average property prices for new homes in 35 large cities rose 1.2% month over month - slower than September's 2.8% rise and August's 2.4% gain, according to analyst calculations based on National Bureau of Statistics data.

Separately, the yuan hit another eight-year against the dollar after the People's Bank of China set a weaker fixing for an 11th straight day at 6.8796 compared with 6.8692 on Thursday.

The Nikkei 225 rose 0.81%, while the S&P/ASX 200 rose 0.17%

Overnight, U.S. stocks were higher after the close on Thursday, as gains in the Consumer Services, Financials and Technology sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 0.10%, while the S&P 500 index added 0.39%, and the NASDAQ Composite index gained 0.62%.

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