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Asian Markets Mixed as Investors Digest G20 Headlines
Asian stocks were mixed as investors digest headlines from the G-20 finance ministers meeting over the weekend and the China Development Forum in the next two days.
Markets in Japan are closed for a public holiday. Australia's ASX 200 finished 0.36 percent lower at 5,778.9. Australian retailers were weighed down by reports of Amazon possibly launching its service in the country this year, according to analysts. Shares of Harvey Norman tumbled 8.21 percent, Super Retail dropped 3.36 percent and JB Hi-Fi fell 2.84 percent.South Korea's Kospi retreated 0.35 percent at 2,157.01.
Mainland Chinese shares were in positive territory. The Shanghai composite ended 0.4 percent higher at 3,250.52 while the Shenzhen composite added 0.31 percent at 2,036.05. Hong Kong's Hang Seng was climbing 0.61 percent in mid-afternoon trade.In Southeast Asia, oil services company Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy and said it had debt of $272 million owed to Singapore's DBS Group and $184 million owed to Oversea-Chinese Banking Corp. Shares of DBS Group fell 1.04 percent while OCBC slipped 0.52 percent.
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