29th November 2013
Trading activity was low in Asian markets today (November 29th), with investors booking profits in the absence of direction from Wall Street.
US markets remained shut on Thursday for the Thanksgiving holiday, so traders have taken the opportunity to lock in gains made on the back of the recent surge experienced by Asian stocks.
Having advanced to a six-year high yesterday, the Nikkei 225 dropped back by 0.4 per cent to 15,661.87 points. Despite this, the Tokyo benchmark-index has experienced a net rise of 9.3 per cent this month - its strongest performance since jumping 12 per cent higher in April and the best November since 2005.
In Hong Kong, the Hang Seng added 0.2 per cent, while the Shanghai Composite index advanced by 0.03 per cent before official manufacturing data for China, which is due to be released on Sunday. Australia's ASX/200 also fell, shedding 0.3 per cent in anticipation of an easing in industrial activity in the country.
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