Asian stocks were volatile Tuesday, with Japan finishing mixed and China at a record, as concerns that the region could be affected by problems related to global credit markets remained despite a strong overnight recovery on Wall Street.
In Tokyo, Nikkei 225 index ended up 0.04% at 16,921.77 while in Hong Kong, the blue chip Hang Seng Index ended 0.1% lower at 21,907.99, after swinging between 21,833.14 and 22,177.80 during the session.
Shares of Mizuho declined 2.1% and Mitsubishi UFJ Financial Group ended little changed from its previous close, although both stocks rose smartly in the morning trading session.
Mitsubishi UFJ's stock lost 8.7% and Mizuho's tumbled 17% in August prior to Tuesday's trading session, following weak April-June earnings reports.
ELSEWHERE:
SEOUL: South Korea's Kospi advanced 0.3% to 1,859.82.
SHANGHAI: the Shanghai Composite rose 0.5% at 4,651.23, after closing at a record high on Monday.
WELLINGTON: New Zealand's NZX 50 index climbed 1.5% to 4,136.24.
Australia's S&P/ASX 200 ended 1.1% up at 5,985.
