Asia stocks mostly rise; Tokyo, Shanghai lag

Posted by Forexsq 1080 days ago (
img Most Asian markets ended higher Tuesday after signs of progress in talks to avert the U.S. fiscal cliff lifted stocks on Wall Street overnight, with Australian shares ending at their highest level in more than 16 months.

Japanese stocks ended lower, weighed by power utilities after a government-appointed panel said a nuclear reactor was likely sitting on an active earthquake fault, raising fears that it may be shut down, while Chinese equities declined after strong recent gains.

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