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Asian shares mixed after Greek anti-austerity party win



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Nikkei 225 Index

Last Updated at 17 Nov 2017, 06:45 GMT *Chart shows local time Nikkei 225 one month chart
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Asian markets experienced mixed fortunes as investors reacted to the news that the anti-austerity Syriza party had won the Greek election.

Syriza leader Alexis Tsipras has pledged to renegotiate Greece's debt with international creditors and reverse many austerity measures.

The party's victory briefly sent the euro to an 11-year low of $1.1088 against the dollar in Asian trading.

In Japan, the benchmark Nikkei 225 closed down 0.3% at 17,468.52.

Investors ignored news that in December Japan's exports had grown by the most in a year, helped by a weaker yen.

Exports rose 12.9% from the previous year, marking the fourth consecutive month of growth.

The dollar was at 117.64 yen compared with 117.80 yen in Friday's US trade.

Shares of troubled car parts maker Takata fell 6% after reports that Honda had chosen a rival firm to supply air bags for the next North American version of its Accord model.

Chinese markets fell at first but then recovered to finish the day higher. Hong Kong's Hang Seng index rose 0.2% to 24,909.90, while the Shanghai Composite closed up 0.9% at 3,383.18.

South Korean shares closed flat with the Kospi index at 1,935.68.

Shares in Kia Motors ended down 5.7% after hitting its lowest level in over four years on a disappointing fourth quarter earnings result.

Australian markets were closed for a public holiday.

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