27th November 2013
Asian markets have generally fallen today (November 27th), after a report a showed confidence among US consumers declined to a seven-month low in November.
This has heightened uncertainty regarding the Federal Reserve's quantitative easing programme, which policymakers had suggested would be scaled back in the "coming months".
Wall Street stocks made modest gains on the back of the Conference Board's consumer confidence index and the release of upbeat housing figures, but the results caused the yen to strengthen against the dollar.
As this reduces repatriated earnings for Japanese companies, the Nikkei 225 index declined and closed 0.42 per cent lower at 15,449.63 points.
Losses in the mining sector weighed on the Australian stock market, with the ASX/200 shedding 0.4 per cent.
Hong Kong's Hang Seng bucked the general trend, adding 0.53 per cent after People's Bank of China governor Zhou Xiaochuan reassured markets of further financial sector reforms in the near future.
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