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Market Update

Asian Markets End Mixed

Asian markets ended mixed Wednesday with sentiment weighed by lowered global growth forecasts by the Organization for Economic Cooperation and Development.

The Nikkei ended 0.3% lower. The Shanghai Composite gained 0.6% while the Hang Seng edged up 0.2%. The Sensex fell 1.2% and the All Ordinaries fell 0.8%.

Trade data showed Japan's exports increased 18.6% in October from a year earlier, exceeding expectations for a 17.3% rise. The Bank of Japan began its two-day policy board meeting.

Stocks on the Move

Sony fell 1%. The Wall Street Journal reported that an examination of the company's PlayStation 4 videogame console suggested a slim margin on the device. Another report in the New York Times said Sony's entertainment division was seeking aggressively to cut costs.

Pioneer gained 6.7% while Sharp Corp. added 7.6%.

Daiichi Sankyo fell 3.9% after it announced results from a late-stage trial of a blood-thinning treatment.

Chinese companies in Hong Kong continued to gain on the policy reform details outlined last week Friday. China Life Insurance added 0.8% while Ping An Insurance was up 2.2%.

Index heavyweight China Mobile fell 0.6% even as its former vice-president was reportedly sentenced to life in prison for taking bribes.

Top losers in Mumbai were ICICI Bank and Airtel, down 2.8% each, followed by Hindalco, down 2.5%, Hero MotoCorp, down 2.1%, and Bajaj Auto, down 2%.

Maruti Suzuki, Cipla, L&T, HUL, HDFC Bank, SBI, RIL, Sun Pharma, Tata Motors, HDFC, Infosys, Jindal Steel, Dr. Reddy's Lab, and Wipro all ended lower in a range between 1% and 1.9%.

Banks and miners were mostly lower in Sydney. Worleyparsons plunged about 26% after the company warned its full-year underlying net profit could fall as much as 19% below prior guidance.