No Santa rally in sight as Christmas nears
Most Asian markets open second last week of year with slim gains; risk appetite takes hit from lacklustre data out of China
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THE much-delayed "Santa rally" remains elusive as most Asian markets opened the second last week of the year with slim gains, after risk appetite took a hit from lacklustre economic data out of China last Friday.
Stocks in Shanghai, Tokyo and Seoul gained marginally at less than a per cent. The exception was Hong Kong, which ended the day flat.
That said, the weakness lingering in markets may prove an opportunity for punters looking for bargains, according to some observers.
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