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2017.10.1704:06:00UTC+00Asian Markets Flat as Dollar Climbs

The majority of Asian shares were flat on Tuesday as Japanese markets ended higher for the 11th consecutive session.

The greenback climbed against a basket of major currencies, as the dollar index stood at 93.505. The U.S. currency was flat versus the Japanese yen, with the dollar last trading at 112.18.

The euro fell for the fifth consecutive day following an election in Austria which put right-leaning People's Party leader Sebastian Kurz on course to becoming the youngest leader in the world.

Japan's Nikkei 225 index closed 0.38 percent higher at 21,336.12. Most automakers and manufacturing companies gained while tech stocks were mixed. Shares of SoftBank Group dropped one percent and Line fell 2.25 percent.

Australia's S&P/ASX 200 rose 0.73 percent to 5,889.6, as the materials sub-index added to overnight gains and climbed 1.02 percent by the end of the day. Major miners, banks and oil stocks were all in positive territory.

South Korea's benchmark Kospi index was up 0.17 percent to 2,484.37 as steelmakers reduced some gains made in the previous session. Tech stocks closed the session mixed.

On the mainland, markets ended mixed ahead of a meeting of the Communist Party beginning Oct. 18. The Shanghai Composite fell 0.15 percent at 3,373.4368 while the Shenzhen Composite tacked on 0.105 percent to close at 2,008.0604. Hong Kong's Hang Seng Index traded 0.02 percent above the flat line.



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