HONG KONG: Asian markets were mixed yesterday after political gridlock in Washington triggered the first United States government shutdown in 17 years, while upbeat regional economic data provided some cheer.
Tokyo gained 0.20 per cent, or 28.92 points, to 14,484.72 and Seoul added 0.10 per cent, or 1.91 points, to 1,998.87 but Sydney fell 0.23 per cent, or 12.1 points, to 5,206.8.
Hong Kong and Shanghai were closed for a public holiday.
The US government shut down at midnight Washington time as Republicans and Democrats refused to give ground to reach a budget deal.
World markets had expected the deadline to pass with no breakthrough and shares had fallen in previous sessions.
Tracey Warren of CMC Markets Stockbroking told Dow Jones Newswires: "A prolonged shutdown could have a major impact on confidence and on the US economy, and will likely see a delay in the release of (US) employment figures."
However, Song Seng Wun, a regional economist with Malaysian bank CIMB, said: "Asian markets are trying to see beyond what is an obvious case of politics coming in the way of common sense."
In other markets: * Taipei
added 0.16 per cent, or 13.15 points, to 8,187.02. T Taiwan Semiconductor Manufacturing Co rose 1.0 per cent at T$101.5 while Hon Hai Precision was 0.53 per cent lower at T$75.5.* Wellington
rose 0.16 per cent to 4,743.87. Telecom shed 1.08 per cent at NZ$2.30, Warehouse Group added 0.27 per cent to NZ$3.67 and Air New Zealand was 1.65 per cent lower at NZ$1.49. * Manila
edged up 0.10 per cent, or 6.04 points, to 6,197.84. Manila Electric Co was up 3.15 per cent at 295 pesos and Metropolitan Bank and Trust added 1.20 per cent to 84 pesos. San Miguel rose 0.80 per cent to 75.40 pesos. * Jakarta
ended up 0.69 per cent at, or 29.72 points, at 4,345.90. Lender Bank Negara Indonesia rose 4.29 per cent to 4,250 rupiah, while tin miner Timah fell 2.48 per cent to 1,570 rupiah.* Bangkok
gained 1.81 per cent, or 25.03 points, to 1,408.19. Oil company PTT added 1.27 per cent to 320.00 baht, while Siam Commercial Bank jumped 4.05 per cent to 154.00 baht.* Mumbai
rose 0.71 per cent, or 137.38 points, to 19,517.15. Pharma company Wockhardt fell five per cent at 496.30 rupees while Tata Communications gained 7.66 per cent to 202.50 rupees. AFP