Asian Stocks Trading Mixed

Stocks in Japan rose despite a government report showing Japan's industrial production falling steeply.
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Stocks in Asia were mixed Friday with stocks in Japan higher even after a government report showed Japan's industrial production falling steeply.

Japan's Nikkei 225 stock average rose 1.1% to 8691.39.

Japan's industrial output fell 8.1% from the previous month, showing a decrease for the second consecutive month. Industrial output fell 16.2% from the previous year, according a report Friday from Japan's Ministry of Economy, Trade and Industry.

Production is expected to decline a further 8% in December and 2.1% in January, the report said.

The Shanghai composite in China fell 0.2%, while the Kospi index in South Korea declined 0.5%.

Markets were closed in Hong Kong and Australia.

Markets in the U.S. resume trading Friday after being closed for the Christmas holiday.

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On Wednesday in a holiday-shortened session, stocks on Wall Street closed higher despite the release of higher-than-expected jobless claims.


Dow Jones Industrial Average

ended up 48.99 points, or 0.6%, at 8,468.48, and the

S&P 500

gained 4.99 points, or 0.6%, to 868.15. The


tacked on 3.36 points, or 0.2%, to 1,524.90.