Asian shares mixed
Asian stocks were mixed in choppy trade Monday but Tokyo fell amid caution ahead of the corporate reporting season and after news that Japan's nuclear crisis could drag on for up to nine months.
Tokyo's Nikkei slipped 0.36 percent, or 34.87 points, to 9,556.65 as dealers nervously awaited the start of the earnings season, which will provide the first glimpse of the economic impact of last month's devastating quake-tsunami.
Sentiment was also weighed after Tokyo Electric Power, which operates the Fukushima nuclear plant that was crippled by the March 11 twin disasters, said it hoped to achieve a "cold shutdown" within six to nine months.
Sydney added 0.20 percent, or 9.8 points, to 4,861.9.
Hong Kong fell 0.74 percent, or 177.76 points, to 23,830.31 while Seoul shed 0.21 percent, or 2.78 points, to 2,137.72.
Indian shares fell 1.53 percent in a second straight day of losses with the benchmark 30-share Sensex Index ending down 295.65 points to 19,091.47.
Shanghai gained 0.22 percent, or 6.80 points, to 2,137.72, with the market suffering little impact from another round of monetary tightening by China on Sunday.
US stocks gained on Friday as investors welcomed a 0.5 percent rise in consumer prices in March, in line with expectations.
On currency markets the dollar was lower at 82.67 yen, compared with 83.09 in New York late Friday.
The euro also slipped after the Wall Street Journal reported the International Monetary Fund believes Greece's debt is unsustainable and has told European officials Athens should consider restructuring.
The euro's problems were compounded by Moody's cutting its credit rating on Ireland by two notches to just above junk status, citing an "expected decline" in government finances.
The euro fetched $1.4326 in European morning trade, down from $1.4431 in New York late Friday. The single European currency was at 118.59 yen, down from 119.91.
Oil prices edged down after last week's gains, although the weaker dollar provided some support.
New York's main contract, light sweet crude for delivery in May, fell 78 cents to $108.88 a barrel in the afternoon, while Brent North Sea crude for June eased 49 cents to $122.96.
Gold closed at $1,485.00-$1,486.00 an ounce in Hong Kong, up from Friday's close of $1,473.00-$1,474.00.
In other markets:
Singapore closed down 0.28 percent, or 8.92 points, to 3,144.38. Kuala Lumpur ended 0.39 percent, or 5.98 points, higher at 1,527.92.
Bangkok edged up 0.53 percent, or 5.76 points, to 1,090.67. Mumbai ended down 295.65 points to 19,091.47.
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