Photo: China Photos/Getty Images
Asian markets opened mixed after Fed chairman Ben Bernanke said the U.S. economy was recovering slowly but remained cautious in his remarks, and after Chinese PMI made its third consecutive gain.Japanese stocks posted gains after the yen weakened, and the Ministry of Finance revealed that capital spending jumped 7.6 per cent in the fourth quarter. This crushed expectations for a 6.5 per cent contraction.
Here’s how the markets look:
Japan’s Nikkei 225 is up 0.37%
China’s Shanghai Composite is up a modest 0.12%
Hong Kong’s Hang Seng is down 0.48%
Australia’s S&P/ASX 200 is down 0.67%
South Korea’s Kospi is closed for a holiday.