Asian stocks were mixed on Thursday as foreign bond buying increased in Japan and the markets awaited U.S. Federal Reserve's chief Janet Yellen’s testimony to the U.S. Senate later in the day.In Japan, the Ministry of Finance released weekly international transactions in securities data that revealed that foreign bond buying increased to ¥598.8 billion from ¥503.5 billion.
Shinsei Bank rose 5% after the news that a subsidiary of General Electric will pay it $1.7 billion under an agreement related to interest payments made by customers of a Japanese consumer-finance business GE Capital sold to Shinsei. Panasonic rose 3.8%, Tokyo Electron was up 2.2%, Sumitomo Realty & Development fell 3.7%, Daiwa House were down 1.6%.
In Australia, Qantas Airways fell 6.7% after the company reported A$235 million net loss for the six months through December. In the same period last year, the airlines had reported a profit of A$109 million profit in the same period last year. The company also said that it would cut jobs, defer aircraft deliveries and sell airport terminal leases.
Earlier the Australian Bureau of Statistics reported that capital expenditure in the fourth quarter fell by 5.2% against an expectation of 1%. Capex in all the three major industry groups fell in the latest quarter with manufacturing capex down once again after rebounding in the third quarter. The revised estimate for 2013-14 capex was little-changed at A$167.1 billion and in line with expectations, but the first estimate for next year's capex intentions showed a 27% drop in mining capex, indicating investments into the resources sector are likely to fall sharply
http://www.investing.com/news/stock-market-news/asian-stocks-mixed,-nikkei-trades-flat-269053
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