Asian Markets Close On A Mixed Note

Market Performance - Major stock markets in Asia closed on a mixed note due to shortened trading hours, holidays, and thin trading volume, with most markets on track for strong year-end gains driven by the AI boom [1] - China's Shanghai Composite Index increased by 0.09 percent to close at 3,968.84, with a trading range of 3,955.49 to 3,977.54 [2] - The Shenzhen Component Index decreased by 0.58 percent, closing at 13,525.02, down from 13,604.07 [2] - The Hang Seng Index fell by 0.87 percent, closing at 25,606.37, with a trading range between 25,791.50 and 25,522.00 [2] Australia and New Zealand Markets - Australia's S&P/ASX200 closed at 8,714.30, down 0.03 percent from the previous close, with a trading range of 8,679.80 to 8,732.20 [3] - Silex Systems saw a rebound of 3.9 percent, while IDP Education, Digico Infrastructure REIT, Paladin Energy, and Nickel Industries all gained over 2 percent [3] - The NZX 50 in New Zealand closed flat at 13,548.42, with a trading range of 13,522.12 to 13,590.70 [4] - KMD Brands surged by 3.6 percent, while Investore Property, Westpac Banking Corp, and Summerset Group Holdings all rallied more than 1 percent [4] Wall Street Performance - Wall Street closed negatively as concerns over AI valuations of major tech companies overshadowed expectations for further easing by the Federal Reserve [5] - The Dow Jones Industrial Average decreased by 0.20 percent, finishing at 48,367.06, while the Nasdaq Composite dropped by 0.24 percent to close at 23,419.08 [5]