HONG KONG: Asian markets were mixed Monday as another round of healthy Chinese data was offset by figures showing Japan s economy shrinking, while fears over the US 'fiscal cliff' also hurt sentiment.The euro edged up slightly after Greek lawmakers said they had approved a 2013 budget that would secure the latest batch of bailout cash that will help it avoid bankruptcy.Tokyo fell 0.49 percent, Sydney lost 0.10 percent and Seoul eased 0.34 percent, while Hong Kong added 0.10 percent and Shanghai gained 0.23 percent.Recent indications that the Chinese economy is emerging from a drawn-out slumber were reinforced Saturday when figures showed exports rose 11.6 percent year-on-year in October, following a near 10 percent jump in September.The numbers, which were released as the Communist Party holds its 18th Congress and prepares for a once-a-decade leadership transition, came a day after officials said industrial output surged last month, while government asset investment also saw a healthy rise.Zhang Ping, head of the National Development and Reform Commission, said the growth slowdown, which has impacted the global economy, had been 'effectively curbed'.However, while the world s number two economy continues to show signs of a resurgence Japan on Monday said gross domestic product had shrunk 0.9 percent in the July-September period from the previous three months.It comes after Japan posted its worst September trade figures for 30 years as exports slumped, with analysts blaming the continued strength of the yen, a territorial spat with Beijing and the debilitating debt crisis in Europe.In early forex trade the euro bought $1.2722, compared with $1.2709 yen in New York late Friday. It also edged up to 101.10 yen from 100.99 yen.The dollar was trading at 79.48 yen against 79.47 yen.The euro was given a little support from the news out of Athens that the parliament had passed a 2013 budget full of swingeing cuts deemed necessary to meet creditors demands for its next round of rescue money.
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