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Asian shares mostly lower
Published in Saudi Press Agency on 14 - 11 - 2016

Asian shares were mostly lower Monday but Japan's benchmark got a boost from a weaker yen, AP reported.
Japan's benchmark Nikkei 225 added 1.7 percent to finish at 17,672.62 and the Shanghai Composite rose 0.2 percent to 3,203.38, but most other markets fell. Australia's S&P/ASX 200 slipped 0.5 percent to 5,345.70 and South Korea's Kospi lost 0.4 percent to 1,976.31. Hong Kong's Hang Seng slipped 1.5 percent to 22,196.66.
Data for Japan's gross domestic product showed the economy had grown faster than expected in the July-September quarter, rising 2.2 percent in annualized terms, on the back of healthy exports. The dollar being sought as a safe haven after the U.S. election is also good news for Japan Inc.'s giant exporters.
Benchmark U.S. crude fell 6 cents to $43.35 a barrel in New York. It fell $1.25 on Friday to 43.41. Brent crude, used to price international oils, gained 3 cents to $44.78 a barrel in London.
The dollar rose to 107.56 yen from 106.67 yen late Friday in Asia. The euro slid to $1.0793 from $1.0886.


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