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Asia markets subdued, Japan top performer of 2023


Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan.

Toru Hanai | Bloomberg | Getty Images

China led declines in Asia-Pacific stock markets Tuesday in a holiday-shortened week, with Australia, New Zealand and Hong Kong markets closed for Boxing Day holiday.

Japan’s Nikkei 225 rose marginally and was set to wrap up the year as the region’s top performer with gains of over 27%. The broader Topix traded just below the flatline.

China’s CSI 300 index was down 0.91% by midday trading, with losses on the index mostly due to technology and real estate stocks.

South Korea’s Kospi was flat around the 2,600 level, while the small cap Kosdaq index fell 0.71%.

The Topix has gained 23.5% so far this year, while the Kospi has advanced 16.2%. Hong Kong’s Hang Seng index has been the worst performer of 2023, down about 17.4%.

Wall Street’s major averages clocked an eighth straight winning week on Friday, looking to extend their year-end rally.

The S&P 500 index gained 0.17% to 4,754.63 in its previous trading session — just 0.9% shy from its record close, and 1.3% from its intraday record.

The Nasdaq Composite rose by 0.19%, while the Dow Jones Industrial Average fell 18.38 points, or 0.05%.

— CNBC’s Sarah Min and Jesse Pound contributed to this report

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