Asia Markets: Asian markets flat in quiet Christmas trading

Asian markets were little changed in light holiday trading Wednesday, with many major global markets closed for Christmas.

Japan’s Nikkei NIK, -0.17%   slipped 0.1%, while the Shanghai Composite SHCOMP, -0.02%   was about flat and the smaller-cap Shenzhen Composite 399106, +0.41%   rose 0.3%. Taiwan’s Taiex Y9999, +0.08%   was flat while stocks edged down in Malaysia FBMKLCI, -0.62%  . Hong Kong’s Hang Seng Index, South Korea’s Kospi and Australia’s S&P/ASX 200 were closed.

Among individual stocks, Nissan 7201, -2.91%   sank in Tokyo trading after its vice chief operating officer — who had been tasked with the auto maker’s recovery from scandal — said he will step down. E-commerce company Rakuten 4755, -2.37%   also declined.

U.S. stocks closed mixed on Tuesday, with only the Nasdaq COMP, +0.08%   managing to post another record-high close. The S&P 500 SPX, -0.02%   and Dow Jones Industrial DJIA, -0.13%  finished with tiny losses.

U.S. markets will reopen Thursday, but most European markets will stay closed until Friday.

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