ASIA REPORT: Nikkei: 8,395.87 (+66.82) Hang Seng: 14,753.22 (-291.65)ASIA-PACIFIC stocks edged higher yesterday as investors remained cautious after strong gains the previous session and ahead of data due from China later this week.
Machinery makers helped to buoy the market amid hopes a US economic stimulus plan will generate demand. Komatsugained 2.9 per cent to Y1,036, Kubotaclimbed 6.5 per cent to Y555 and Hitachi Constructionrose 3.3 per cent to Y995.
Nintendogained 6.6 per cent to Y33,950 after news of strong sales of its Wii video game console.
Japanese resource stocks gained, with Mitsubishi Corprising 2.6 per cent to Y1,121 and Mitsuigaining 2.7 per cent to Y758. Inpexrose 7.1 per cent to Y574,000.
Other major markets were trading mostly lower. The Hang Seng fell 1.9 per cent to 14,753.22, while the main sub-index of mainland Chinese shares traded in Hong Kong fell 1.7 per cent to 8,001.74.
China Mobileand HSBC, which posted big gains on Monday, slid 4.2 per cent to HK$78 and 1.8 per cent to HK$84 respectively. - ( Financial Timesservice)
