Asia Markets: Asian stocks mixed after Shenzhen-Hong Kong link approved

Asian shares were mixed early Wednesday, a day after China signalled its intent to further open up its equity markets to foreigners.

The Nikkei Stock Average NIK, +0.90% traded 0.5% higher, while Australia’s S&P/ASX XJO, +0.05% fell 0.1% and Korea’s Kospi SEU, -0.20% was down 0.4%.

Meanwhile, Hong Kong’s Hang Seng Index HSI, -0.19% was up 0.3%, and both the Shenzhen Composite Index 399106, +0.32% and the start-up focused ChiNext Index added 0.2%.

Late Tuesday, China said it will throw open a trading link between Hong Kong and the tech-heavy Shenzhen exchanges, while scrapping important limits on how much foreigners can invest in the country’s stocks in an effort to entice global investors into its markets.

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