05:35 AM EST, 11/08/2024 (MT Newswires) -- Asian stock markets were mixed on Friday as traders weighed Beijing stimulus plans, and awaited clarity on the direction of the pending Trump Administration in Washington.

Tokyo finished in the green, but Hong Hong and Shanghai lost ground, while other regional exchanges were mixed.

In Japan, the Nikkei 225 opened higher on Wall Street cues and held ground, finishing up 0.3% after the US Federal Reserve on Thursday lowered its key policy rate.

The benchmark Nikkei 225 rose 118.96 to 39,500.37, although losing issues outnumbered gainers 136 to 87.

Leading the upside was Furukawa Electric, up 17.4%, while electric-component makers Taiyo Yuden declined 16%, with both moves following earnings reports.

In economic news, real Japan household spending fell 1.1% in September on year as consumers held back on auto purchases and certain food outlays, reported the Statistics Bureau.

In Hong Kong, the Hang Seng Index opened higher but declined in trading, finishing off 1.1% as investors weighed geopolitical tensions and Beijing-Washington relations, in light of recent US elections.

The broad gauge Hang Seng fell 225.15 to 20,728.19, as losing issues outnumbered gainers 59 to 22. The Hang Seng TECH Index lost 0.2% on the day, while the Mainland Properties Index fell 2.5%.

Leading the upside was auto-dealer Zhongsheng, gaining 25.8%, while property developer Longfor declined 5.8%.

On the mainland, the Shanghai Composite fell 0.5% to 3,452.30.

In other news, the powerful Standing Committee of the National People's Congress in Beijing concluded week-long policy sessions on Friday, and disclosed plans to boost the issue of local special bonds by $838.1 billion over the next three years, reported the South China Morning Paper.

On the other regional exchanges, the S. Korean KOSPI fell 0.1%; the Taiwan TWSE declined 0.6%; the Australian ASX 200 inclined 0.8%; the Singapore Straits Times Index rose 1.4%, and the Thai Set declined 0.3%. In late trading in Mumbai, the Sensex was down 0.1%.