Asian stocks mixed over holidays

<p>Asian stock markets were mixed this morning as investors awaited earnings news. </p>

Asian stocks were mixed in early trading this morning (February 11th) as investors awaited earnings for direction in the middle of public holidays in several key markets.

Those in China, Hong Kong, South Korea, the Philippines, Taiwan and Malaysia were closed for the Lunar New Year celebrations, while the Japanese market was closed for the National Foundation Day.

India's benchmark Sensex remained largely unchanged in trading after the country's Central Statistics Office predicted the gross domestic product growth could be as low as five per cent for 2012 to 2013.

South Korea and the Philippines will re-open for trading tomorrow, while Singapore and Malaysia will do so on Wednesday. However, China and Taiwan will remain closed until next Monday.

Elsewhere, the Australian dollar edged lower versus the greenback today, as official figures showed the number of home loans approved in the nation declined for a third consecutive month in December despite several interest rate reductions.

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