Asian shares mixed despite upbeat US data

<p>Asian stocks were mixed today as investors shrugged off the release of upbeat US home sales data.</p>

Asian shares were mixed today (September 25th) despite the release of data showing a surge in new home sales in the US.

The Commerce Department said new home sales were up 18 per cent in August to an annual rate of 504,000 homes, beating the 430,000 expected by economists. 

The unexpected increase may "indicate that young people are perhaps now starting to feel economically secure enough to buy their own homes," Chang Wei Liang of Mizuho Bank told AP. 

However, gains were limited by investor's worries about the situation in the Middle East following the start of US airstrikes on in Syria – and Europe's stagnant economy.

Hong Kong's Hang Seng slipped 0.64 per cent to 23,768.13. The Nikkei 225 rose 1.28 per cent to 16,374.15, while the Shanghai Composite edged up 0.07 per cent to 2,345.10. 

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