Asia shares trade lower on Friday; China due to release a slew of economic data [CNBC]
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Source: CNBC
Asia shares trade lower on Friday; China due to release a slew of economic data Asia shares started Friday's trading session in negative territory following the decline in European markets and a mixed session on Wall Street overnight. Japan's Nikkei 225 dipped 0.55 percent from Thursday's 21,816.19 points, while the Topix index was down 0.27 percent after closing at 1,616.65 yesterday. The Bank of Japan released the closely watched survey before Japanese markets opened on Friday. The Tankan survey showed confidence among large Japanese manufacturers was steady in December compared to three months ago. Economists polled by Reuters had expected a deterioration in sentiment. "Tankan shows the rate of activity remaining strong, in contrast to the very weak 3Q GDP results" Robert Carnell, ING's chief economist and head of research in Asia Pacific, wrote in a note. The Tankan survey "is a better indication of the underlying strength of the Japanese economy than the prior GDP figures," Carne
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