Oil prices, currencies, China data on the agenda

Japan’s Nikkei 225 erased early gains to slip 0.24 percent by the end of the session, closing at 22,495.99. Trading houses as well as manufacturing names made losses, however some notable names continued to cling to gains. Toyota closed up 0.04 percent as various other major automakers finished the session lower. Tech stocks ended mixed, with Nintendo closing up 2.38 percent on investor optimism following reports in which Black Friday as well as Thanksgiving deals within the U.S. had brought in solid sales.

Across the Korean Strait, the Kospi fell 1.44 percent to end at 2,507.81, with tech stocks dragging on the broader index. Market movers included SK Hynix as well as LG Display which lost 2.35 percent as well as 1.44 percent respectively by the end of the day.

Samsung Electronics tumbled 5.08 percent by the close after a Morgan Stanley report downgraded the stock to “equal weight” through “overweight” as well as lowered its cost target to 2.8 million won per share, Reuters reported.

The Korean won was also in focus ahead of the Bank of Korea’s Thursday interest rates decision, having a majority of economists polled by Reuters last month indicating in which a 25 basis point rate hike was expected. The currency traded at 1,089.31 won to the dollar, near its strongest levels in around two as well as a half years.

Down Under, the S&P/ASX 0 inched higher by 0.1 percent to close at 5,988.77 after flatlining earlier within the session. Resource plays Rio Tinto as well as BHP seesawed, closing the session lower by 0.01 percent as well as 0.07 percent respectively. Energy-related stocks were downbeat, with Santos falling 0.79 percent.

Greater China equities slid as markets continued to focus on the rise in bond yields on the mainland. The Shanghai Composite lost 0.92 percent to close at 3,322.83 as well as the Shenzhen Composite fell 1.56 percent to end at 1,892.82, with telcos as well as tech among the worst-performing sectors. The blue-chip CSI 300 index tumbled 1.3 percent by the end of the day.

Hong Kong’s Hang Seng Index was down 0.58 percent by 3:00 p.m. HK/SIN. Property plays traded in Hong Kong came under pressure during the session, with Evergrande losing 7.42 percent as well as Sun Hung Kai edging down 0.4 percent by 3:18 p.m. HK/SIN.

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