Asia Stocks Mixed After Weak US Economy Indicators

By Salon Staff

Published December 26, 2011 3:00AM (EST)

BANGKOK (AP) — Asian stock markets are mixed in holiday-thinned trading Monday after weak U.S. economic indicators.

Several markets are closed including Hong Kong, Australia and Singapore. Oil traders are also on holiday.

Japan's Nikkei 225 stock index is up 1.1 percent at 8,489.66 while South Korea's Kospi is down 0.4 percent at 1,860.10.

China's Shanghai Composite Index is off 0.3 percent at 2,197.93. Taiwan and the Philippines are posting modest gains.

Figures showing that U.S. consumer spending and personal income rose by a modest 0.1 percent in November were below market expectations.

The data offset some of the optimism in markets about the U.S. economy following a run of largely positive data.

Salon Staff

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