Asia: Nikkei flat as yen rises
The Nikkei settled flat on Wednesday as the strong yen outweighed data showing an unexpected jump in Japanese machinery orders.Figures from the Cabinet Office said orders climbed 10.5% in September from the month before and it forecast a rise in the fourth quarter.
Machinary related stocks fared well with shares in Sumitomo Heavy Industries up 3.6% and Fanuc adding 0.3%.
Financials also made headway. Mitsubishi UFJ Financial gained 1.5% while Sumitomo Mitsui Financial advanced 1%.
The benchmark Nikkei 225 index closed flat at 9,872 in Tokyo.
The Hang Seng rose with shares in HSBC spearheading the advance. The banking giant gained 4.3% after its results the previous session.
Elsewhere in the banking sector shares in China Shenhua fell 0.65% while Bank of Communications lost 0.81%.
The Hang Seng index closed up 359 points at 22,627 in Hong Kong.
Indices
| Index | Value | % Change |
|---|---|---|
| Nikkei 225 | 9,871.68 | +0.01% |
| Hang Seng | 22,627.21 | +1.61% |
| Straits Times | 2,740.43 | +1.21% |
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