Asian shares mixed lower as US tax passage fails to impress
HONG KONG (AP) — Asian share markets were mixed Thursday after the final congressional approval of a sweeping U.S. tax revamp. Chinese markets advanced after leaders promised to increase imports and reduce risks in the country's financial system amid slowing economic growth and pressure from trading partners to open its markets wider.
KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.1 percent to 22,866.10 and South Korea's Kospi sank 1.6 percent to 2,433.69. The Hang Seng in Hong Kong gained 0.5 percent to 29,395.70 while the Shanghai Composite jumped 0.6 percent to 3,307.75. Australia's S&P/ASX 200 lost 0.3 percent to 6,060.40.
TAX PASSAGE: The U.S. Congress passed President Donald Trump's $1.