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Asia Markets: Asian markets give up early gains; Nikkei about flat

After broad early gains, Asian stock markets started struggling for direction with thin action ahead of the Thanksgiving holiday in the U.S. The Nikkei was struggling to remain positive while Hong Kong’s benchmark gave up initial gains, along with Chinese large caps.

After advancing nearly 0.3% early on, Japan’s Nikkei NIK, +0.26% was last about flat, weighed down by major banks. Mitsubishi UFJ 8306, -2.58% fell 3% while Sumitomo Mitsui 8316, -0.87% was off 1%. On the positive side, beer maker Sapporo Holdings 2501, +7.14% surged 7% .

Hong Kong stocks also turned lower after solid early gains, with Chinese wireless firms early laggards.

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