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Asia Mixed, Nikkei Hits 9-Month High
16 Feb 2011 EST - CNBC.com
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Asian stock markets traded mixed on Wednesday after a lower close on Wall Street .

Japan's stocks climbed to a nine-month high above 10,800 helped by a softer yen, with the benchmark's strong run encouraging foreign investors to broaden their buying to financial shares.

It was a third straight day of gains for the Nikkei , which has climbed some 18 percent since November when foreigners began snapping up lagging Tokyo stocks, with recent momentum coming from a big shift in market focus to developed economies from emerging ones.

The benchmark index ended the day up 0.6 percent, or 61.62 points, at 10,808.29, after hitting an intraday high of 10,842.31, its highest since May 6, 2010.

The broader Topix rose 0.5 percent to 967.30.

Exporters like Tokyo Electron and Advantest led the gains.

Seoul shares slipped after volatile trade, pressured by a second straight session of foreign selling and falls in automakers and crude refiners like SK Innovation.

The Korea Composite Stock Price Index (KOSPI) finished down 1.06 percent or 21.41 points at 1,989.11 points.

Banks bucked the trend and rose, with Shinhan Financial Group gaining 1.5 percent and Woori Finance up 1 percent.

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