Asian shares were narrowly mixed after US President Barack Obama
said late Tuesday he had asked Congress to delay a vote authorizing
the use of military force while he pursued a diplomatic solution
that would have Syria surrender its chemical weapons.
Syria said that it would stop making chemical weapons and reveal
the location of its stockpiles in an attempt to avoid a military
attack on the country.
Sentiment got a boost after Citigroup raised its China growth
forecast for the current quarter to 7.8% from 7.4% but warned that
the rebound could be short-lived.
Prime Minister Shinzo Abe on Tuesday also called on his cabinet
to put together a new economic package by the end of this month.
Analysts say the move suggests Abe will go ahead with plans to hike
the sales tax from April and will use the new package to soften the
blow to the economy, CNBC.com reports.
In ADR nes, Yingli Green Energy (
) said it will supply 28 MW of multicrystalline photovoltaic
modules to the State Grid Corporation of China. The modules will
power the largest out of three solar projects being developed by
SGCC in Zhangbei county, Hebei province.
China Automotive Systems (
) said that on August 30, the Court of Chancery of the State of
Delaware dismissed each of the shareholder plaintiffs' derivative
claims with prejudice and without leave to amend, in a suit against
the company and its board of directors.
The Nikkei ended up 0.01% at 14,425.07, the Hang Seng down 0.17%
at 22,937.14 and the Straits Times down 0.5% at 3,108.19.
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