Asia stocks mixed after weak US economy indicators

Asia stocks mixed after weak US economy indicators

BANGKOK (AP) â€" Asian batch markets are churned in holiday-thinned trade Monday after diseased U.S. indicators dulled confidence about prospects for a world's biggest economy.

Several markets are sealed including Hong Kong, Singapore, Australia, Indonesia, Malaysia and New Zealand. Oil traders are also on holiday. Wall Street will be sealed Monday given Christmas fell on a Sunday this year.

Japan's Nikkei 225 batch index was adult 1 percent during 8,482.70 after being sealed for a public holiday Friday while South Korea's Kospi was down 0.6 percent during 1,856.70.

China's Shanghai Composite Index strew 0.3 percent to 2,198.51. Markets in India, Thailand and a Philippines gained. Taiwan's benchmark fell.

Figures display that U.S. consumer spending and personal income rose by a medium 0.1 percent in Nov were subsequent marketplace expectations. The title 3.8 percent boost in durable products orders final month masked a decrease in a essential investment measure, benefiting from large orders for Boeing aircraft.

The information equivalent some of a confidence in markets about a U.S. economy following a run of mostly certain indicators. Since Thursday, investors have taken heart from total display that a series of initial jobless claims in a U.S. suddenly fell 4,000 final week to 364,000, a lowest turn given Apr 2008.

While a U.S. economy has been a widespread motorist in markets a past few days, Europe's debt predicament is expected to sojourn a pivotal marketplace concentration subsequent year.

The Dow Jones industrial normal rose 124.35 points, or 1 percent, to 12,294 on Friday in still pre-holiday trade. The Nasdaq combination index gained 19.19 points, or 0.7 percent, to 2,618.64. The Standard & Poor's 500 index combined 11.33 points, or 0.9 percent, to 1,265.33.

In currencies, a euro was adult 0.1 percent during $1.3060. The dollar was down 0.1 percent during 77.97 yen.


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