Hong Kong's Hang Seng index bucked the trend, just, ending 0.1% higher at 22747.28. China State Construction Engineering slid 1.9% and China Construction Bank fell 1.2% in Shanghai, while ZTE fell 3% in Shenzhen. Japanese heavy-machinery makers, which export to China, were also pressured by the weakness in the Shanghai market. Komatsu was off 1.6% and Hitachi Construction Machinery dropped 2.2%.
Worries over Chinese demand for commodities resulted in a weak debut in Hong Kong for Swiss commodities trading giant Glencore International. The stock finished 2.5% below its initial public offering of 66.53 Hong Kong dollars (US$8.55). Gains for some Japanese car makers restricted losses in Tokyo, after the Nikkei reported that Toyota Motor planned to bring back domestic auto production next month to as much as 90% of targets set before the March 11 earthquake. Toyota rose 2.2%, helping drive Nissan Motor 1.3% higher. Denso Corp., a major Toyota supplier, gained 0.2%. South Korean car makers outperformed the broader market in Seoul, though not enough to show gains: Hyundai Motor ending unchanged and its affiliate Kia Motors slipping 0.3%. For the latest updates PRESS CTR + D or visit Stock Market news Today
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