HONG KONG (MarketWatch)

Wednesday, February 13, 2008

HONG KONG (MarketWatch) -- Asian markets were mixed Wednesday, with Tokyo shares advancing on exporters such as Canon Inc. after a strong finish on Wall Street, while Shanghai stocks declined sharply as trading resumed after a week of Lunar New Year holidays, catching up with the region's losses during that period.

In Tokyo, the Nikkei 225 Average ended the morning session up 1.4% at 13,202.70, while the broader Topix index advanced 1.2% to 1,301.24.

China's Shanghai Composite dropped as much as 3.1% at 4,457.12 as trading resumed for the first time since last Tuesday.

Hong Kong's Hang Seng Index gained 1.6% to 23,282.71 in the early minutes, while the Hang Seng China Enterprises Index rose 1.7% to 12,950.46.