LONDON (ShareCast) - Asian markets finished mixed with the Nikkei (news) remaining in the red, though the Hang Seng (news) mustered some
gains to finish slightly up.
Across the markets, the Nikkei closed down 60 points to 9816 but the Hang Seng, boosted by Chinese insurers, finished up 25 points to 18,203.
Lower oil prices weighed on oil-related stocks. Shares of oil and gas field developer Inpex fell as crude continues to fall following the over $2 drop yesterday. In Hong Kong though, refiner Sinopec did well.
Retail stocks tumbled after Seven & I posted a drop in quarterly profit that was sharper than expected.
Drugmaker Eisai Co was down on a downgrade from Nikko Citigroup, on concerns about US FDA approval of its Aricept Alzheimer's drug, while casino operator Melco International Development fell on a downgrade from Credit Suisse.
Shampoo maker BaWang International surged after its $214m was subscribed more than 400 times.
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