HONG KONG–Asian markets were mixed on Monday, as bargain-hunting was offset by lingering geopolitical concerns after last week’s downing of a Malaysian airliner in Ukraine.
With traders still on edge after Thursday’s tragedy, which the United States has said was caused by pro-Russian rebels, the dollar retreated against the safe-haven yen.
Sydney added 0.15 percent, or 8.2 points, to close at 5,539.9 and Seoul was marginally lower, dipping 0.92 points to 2,018.50. Shanghai lost 0.22 percent, or 4.59 points, to end at 2,054.48 while Hong Kong shed 0.29 percent, or 67.65 points, to 23,387.14.
Tokyo was closed for a public …read more
Source: The Philippine Daily Inquirer
