Asian shares were mixed on Tuesday amid low-volume holiday trading, despite strong growth in China's industrial profits in November. Investors also awaited a board meeting for Japan's Toshiba after shares dropped sharply.
The Shanghai composite finished down 0.24 percent, or 7.57 points, at 3,115, while the Shenzhen composite closed nearly flat, up 0.069 percent, or 1.36 points, at 1,979.73. Real estate company Vanke led the gains, up 3.78 percent, while China Eastern Airlines fell 1.87 percent and China Petroleum & Chemicals shed 1.94 percent.
China's National Bureau of Statistics said that profits earned by large industrial firms rose 14.5 percent in November from a year earlier, a big jump from a 9.8 percent increase in October, on the back of a strong rebound in raw material prices and a low base last year.
The Nikkei 225 index closed nearly flat, up 0.03 percent, or 6.42 points, at 19,403.06, after economic data showed the Japanese economy still had some way to go before meeting the Bank of Japan's 2 percent inflation target.
Shares of Toshiba plunged 11.62 percent to 391.6 yen per share, after it opened untraded due to heavy sell orders. The electronics giant expects to book a one-off loss of about 100 billion yen ($850 million) on a U.S. nuclear power acquisition made by its Westinghouse operation last year, the Nikkei business daily reported. Toshiba said it would hold a board meeting on the issue later on Tuesday.
Japan's core consumer price index (CPI) slipped 0.4 percent on-year in November, compared with the market consensus forecast for a 0.3 percent fall, while November household spending also fell 1.5 percent from the previous year. Meanwhile, the jobs-to-applicants ratio rose to 1.41 from 1.4 in October, its highest level since July 1991.