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Shares in Asia mostly weaker with Hong Kong bucking the trend

Published 11/14/2016, 10:36 PM
Updated 11/14/2016, 10:38 PM
© Reuters.  Asian shares mostly weaker
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Investing.com - Asian shares mostly fell on Tuesday with weakness in the Chinese currency noted, though Hong Kong bucked the trend in a light regional data day.

The Shanghai Composite Index eased 0.15% and Hong Kong's Hang Seng Index rose 0.45%.

The yuan hit its lowest level against the dollar in almost eight years Tuesday as the People's Bank of China set the fixing weaker for an eighth consecutive business day at 6.8495 compared with 6.8291 on Monday.

The Nikkei 225 fell 0.09% and the S&P/ASX 200 dipped 0.51%.

Overnight, U.S. stocks were mixed after the close on Monday, as gains in the Financials, Oil & Gas and Industrials sectors led shares higher while losses in the Technology, Telecoms and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average rose 0.11% to hit a new all time high, while the S&P 500 index lost 0.01%, and the NASDAQ Composite index fell 0.36%.

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