Hong Kong stocks slip lower; oil and gas shares pull Japan market flat

<p>Asian markets were weaker today with the Hang Seng down 0.7% and the Nikkei 225 down 0.1%. In Japan, the market was relatively flat, with […]</p>

Asian markets were weaker today with the Hang Seng down 0.7% and the Nikkei 225 down 0.1%.

In Japan, the market was relatively flat, with the industrial sector down 0.6% and the oil and gas sector up 1.2%. The broader falls came amid a decline on Wall Street for the first time in five days, putting an end to the winning streak.

The BNYM Japan ADR Index, which tracks the largest publicly traded Japanese American Depository Receipts, fell 0.5% led by Mitsubishi UFJ Financial Group and Advantest Corp both down 0.5% and 2.2% respectively.

In Hong Kong almost all sectors were down led by Basic Materials, which declined 2.1%. The Hang Seng is headed for its lowest close in six weeks as commodity producers slipped on lower oil prices. PetroChina, the nation’s largest oil producer fell 2.1% and Aluminium Corp of China sank 1.7% after oil and metal prices fell.

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