Asian markets were mostly lower on Thursday after Barack Obama challenged Republicans to accept tax hikes for the rich as part of any deal to averting a fiscal cliff.
Tokyo’s Nikkei was the only index in positive territory as the yen eased after Japan’s Prime Minister announced a general election for next month, which is expected to be won by the opposition.
A close eye is also being kept on Beijing, where China will unveil it leaders for the next 10 years, with investors hoping for reform-minded lawmakers to run the world’s number two economy.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1082917/asian-markets-hit-us-fears-weak-yen-lifts-tokyo
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