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Market Update

Asian Markets Trade Lacklustre

Asian markets were lacklustre Friday as some shares eked out small gains ahead of the U.S. Fed's policy meeting next week.

The Nikkei was up 0.4%. The Shanghai Composite slipped 0.2% while the Hang Seng edged up 0.2%. The Sensex fell 0.9% and the All Ordinaries gained 0.6%.

Data earlier showed Japan's industrial production rose-more-than-expected last month.

Stocks on the Move

Exporters moved up as the yen weakened slightly in Japan. Mazda advanced 2.1% while Toyota edged up 0.2%.

FamilyMart Co. fell a percent as the Nikkei Asian Review said the company would post a slight 1% gain in nine-month operating profit through November.

Tokyo Dome Corp. fell 2.3% after the company reported results while Asahi Group Holdings shot up 2.5% on a report it plans to launch a premium version of its Super Dry beer in Japan.

In Hong Kong, China Everbright rose a percent after a broker upgrade while Li & Fung rose 0.8% after strong U.S. retail sales data yesterday.

China Cinda Asset Management extended gains on its second trading day after the completing Hong Kong’s largest IPPO in 2013.

Financials were mostly weak on the mainland.

BHEL was down 3.8% while ICICI Bank fell 3.5%. Hero MotoCorp was down 2.6% while Gail India fell 2.5%.

QBE Insurance rose 1.9% in Sydney.