MUMBAI: Asian markets were trading mixed on Wednesday. Thin trade in Japan pushed Nikkei average into red after opening in green.
Japan’s Nikkei Average was down 0.07 per cent at 16,408. However, Sony Corporation held fort saying it would raise $3 billion via initial public offering by listing its financial arm on the Tokyo Stock Exchange next month.
Other Asian stocks rose after Deutsche Bank said financial markets are stabilizing. Macquarie Bank led the gains in banking sector followed by DBS Group Holdings Ltd.
Hong Kong’s Hang Seng was up 1.08 per cent at 24,144, Singapore’ Strait Times was at 3393 up 0.52 per cent and South Korea’s KOSPI was down 0.15 per cent.
An encouraging report in the IT sector showed increase in chip sales pushing semi-conductors higher. South Korea's Samsung Electronics, Taiwan Semiconductor Manufacturing Company and Chartered Semiconductor Manufacturing advanced.
According to Semiconductor Industry Association global chip sales rose 3.2 per cent to $20.6 billion in July from the previous month, led by demand for microprocessors and flash memory.
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