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Asian shares mixed ahead of key data releases

Asia's markets were mixed on Monday despite a positive lead from Wall Street as traders await the release of key economic data this week.

HONG KONG: Asia's markets were mixed on Monday despite a positive lead from Wall Street, as traders await the release of key economic data this week including figures on global manufacturing and US jobs.

Tokyo climbed 0.44 per cent, or 67.10 points to finish at 15,162.10, Seoul rose 0.69 per cent, or 13.70 points, to 2,002.21 and Shanghai ended 0.59 per cent higher, adding 11.82 points to 2,048.33.

However, Sydney slipped 0.91 per cent, or 49.4 points, to close at 5,395.7 while Hong Kong was marginally lower, edging down 21.20 points to 23,200.32.

With few catalysts to drive business, the focus is on Tuesday's release of June purchasing managers' indices out of China, the eurozone and the United States.

There are hopes the figures will show a further rise in activity in global manufacturing following a recent uptick.

A preliminary report from HSBC earlier in the month showed growth in China for the first time this year.

Later in the week, the US Labor Department will unveil its jobs report for June, which will be pored over for clues about the state of the world's number one economy.

The three main indices on Wall Street ended higher on Friday thanks to a healthy earnings report from Nike. The Dow edged marginally higher, while the S&P 500 rose 0.19 per cent and the Nasdaq put on 0.43 per cent.

Japan's Nikkei on Monday ended higher despite a pick-up in the yen, which hits exporters' profitability and competitiveness.

The greenback bought 101.37 yen in the afternoon, compared with 101.45 yen in New York on Friday. The euro fetched $1.3653 and 138.42 yen against $1.3646 and 138.45 yen in US trade.

Before the market opened, Tokyo released data showing factory output rose 0.5 per cent in May from a month earlier after a 2.8 per cent fall in April.

The median forecast by the market had been for a recovery of 0.9 per cent after a sales tax rise in April dampened consumer demand and production.

On oil markets, US benchmark West Texas Intermediate for August delivery was down 59 cents at $105.15 a barrel in afternoon trade. Brent crude dropped 78 cents to $112.52.

Gold fetched $1,314.66 an ounce at 0805 GMT compared with $1,315.46 late Friday.

In other markets:

-- Taipei rose 0.93 per cent, or 86.24 points, to 9,393.07.

Taiwan Semiconductor Manufacturing Co added 0.80 per cent to NT$126.5 while Hon Hai Precision added 1.42 per cent to NT$100.0.

-- Wellington was marginally lower, dipping 2.77 points to 5,141.48.

Contact Energy eased 0.38 per cent to NZ$5.31 and Trade Me lost 0.57 per cent to end at NZ$3.48.

-- Manila was flat, nudging up 2.16 points to 6,844.31.

Ayala Corp. shed 0.08 per cent to 647.50 pesos and Philippine Long Distance Telephone was up 0.95 per cent at 2,988 pesos.

-- Kuala Lumpur ended flat, edging up 1.78 points to 1,882.71.

YTL rose 1.3 per cent to 1.62 ringgit, while Public Bank lost 0.1 per cent to 19.58 ringgit.

-- Singapore fell 0.47 per cent, or 15.38 points, to 3,255.67.

United Overseas Bank tumbled 0.31 per cent to S$22.52 and Singapore Telecom declined 1.03 per cent to S$3.85.

-- Jakarta ended up 0.69 per cent, or 33.45 points, at 4,878.58.

Retailer Hero Supermarket gained 3.52 per cent to 2,795 rupiah, while palm oil firm Astra Agro Lestari slipped 1.83 per cent to 28,175 rupiah.

-- Bangkok added 0.17 per cent, or 2.51 points, to 1,485.75.

Oil company PTT gained 1.92 per cent to 318.00 baht, while Thai Airways International lost 2.63 per cent to 14.80 baht.

-- Mumbai rose 1.25 per cent, or 313.86 points, to 25,413.78.

Syndicate Bank surged 10.90 per cent to 175.00 rupees and Allahabad Bank gained 9.18 per cent to 145.15 rupees.

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