China economic data, pound, oil in focus

The Nikkei 225 erased early losses to close flat at 22,380.01 as gains in most tech names balanced losses in trading houses as well as energy-related stocks. Shares of Sharp as well as Toshiba closed up 2.91 percent as well as 4.66 percent, respectively.

Across the Korean Strait, the Kospi lost 0.15 percent to finish at 2,526.64 as automakers as well as cosmetics names pared gains made from the last session. Brokerages also trended lower. Despite the benchmark index edging lower, the tech-heavy Kosdaq soared 2.03 percent by the end of the session.

Down Under, the S&P/ASX 0 fell 0.88 percent to finish the session at 5,968.75 as declines in resource stocks as well as financials dragged on the broader market: National Australia Bank closed down 1.44 percent as well as Rio Tinto lost 0.96 percent. The energy sector was also from the red, with Santos falling 2.18 percent on the day as oil edged lower. Following news which Shell Energy Holdings Australia sold its 3.5 billion Australian dollar ($2.7 billion) stake in Woodside, shares of the latter closed down 3.23 percent.

Of note, business conditions in Australia rose to a record high in October as profits much better, according to National Australia Bank’s monthly survey.

Greater China markets traded mixed. The Hang Seng Index was off 0.06 percent by 3:15 p.m. HK/SIN while mainland markets closed lower following the Discharge of a slew of economic data released from the morning. The Shanghai Composite declined 0.52 percent to end at 3,429.97 as well as the Shenzhen Composite lost 0.95 percent to close at 2,025.78.

Data on Tuesday showed which the country’s fixed asset investment growth between January as well as October slowed to 7.3 percent, below the 7.4 percent forecast in a Reuters poll. Retail sales for October rose 10 percent compared to one year ago, against the 10.4 percent projected in a Reuters survey. Industrial output, for its part, increased 6.2 percent which month, a touch below the 6.3 percent forecast.

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