A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, May 28, 2024, in Tokyo. – Shares were mixed in Asia on Tuesday after U.S. markets were closed for the Memorial Day holiday. Oil prices and U.S. futures were higher.
Early Tuesday, Tokyo's Nikkei 225 fell 0.3% to 38,795.07 and the Kospi in Seoul inched 0.1% higher, to 2,726.82.The Shanghai Composite index edged 0.1% higher to 3,126.76. Hong Kong's Hang Seng added 0.8% to 18,982.31. The housing industry plays a huge role in driving the economy and its troubles have weighed on growth.
Efforts to strengthen oversight “should be implemented strictly to send a strong signal that any violator will be held accountable, so that financial oversight will actually have ‘teeth and thorns’ and be sharp-pointed,” Xinhua said.
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