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Wednesday, December 16, 2009

Asian stocks trade mixed


Asian stocks headed to their biggest gain in almost two weeks, led by Japanese banks after the Nikkei newspaper said tighter rules on bank-capital ratios will be delayed and after crude oil gained for the first time in 10 days.

Japanese benchmark index Nikkei 225 advanced 76.76 points, or 0.76%, to trade at 10,160.24. Hong Kong`s Hang Seng is trading gained 26.33 points, or 0.12%, at 21,840.25. China`s Shanghai Composite increased 1.30 points, or 0.04% to trade at 3,275.76.

Taiwan`s Taiex index dropped 50.92 points, or 0.65%, to trade at 7,756.70. South Korea`s Kospi index fell 10.52 points, or 0.63% to trade at 1,655.33. Singapore`s Straits Times index decreased 0.63 points, or to 0.02% trade at 2,798.07. (7.45 a.m., IST)