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Asian markets open week mixed amid thin Christmas trading

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Asian markets closed mixed on Monday, although investors remain buoyed by news last week that the number of unemployment claims in the United States has fallen to its lowest level in 3-1/2 years.

Trading was thin, however, because several markets across the Asia-Pacific were closed for the Christmas holiday, including those in Australia, Hong Kong, Indonesia, and Singapore. Markets across Europe remained closed for the holidays.

Chinese shares ( YAO , quote ) fell 0.67% and Seoul's KOSPI ( EWY , quote ) dipped 0.56%. In Tokyo, the Nikkei ( EWJ , quote ) climbed 1.00%.

There was volatility, however, in share prices for Japanese electronics companies. Panasonic shares declined 0.46%, while Sony stocks climbed 1.60%. Olympus, whose shares had been making twists and turns during the past months, closed 0.79% higher.

Meanwhile, China's minister of industry and information technology announced that the country's industrial output growth is projected to dip to 11% in 2012, down from 13.9% this year. Growth of 11%, however, will keep the country on track to achieve 8% growth in GDP next year.

Asian currencies fell against the dollar. China's yuan depreciated 0.28% to 6.3185 to the dollar. The Japanese yen dropped 0.23% to 77.87 to the greenback.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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