Asia-Pacific shares mixed; bitcoin drops below $49,000

SINGAPORE — Stocks in Asia-Pacific were mixed on Friday, with the price of bitcoin tumbling below $49,000.The Nikkei 225 in Japan fell 0.57% to close at 29,020.63 while the Topix index shed 0.39% to finish the trading day at 1,914.98. Earlier during the session, the Nikkei 225 had fallen more than 1%. South Korea's Kospi closed 0.27% higher at 3,186.10.Mainland Chinese stocks nudged higher on the day, with the Shanghai composite rising 0.26% to 3,474.17 while the Shenzhen component gained 1.002% to around 14,351.86. Hong Kong's Hang Seng index advanced 0.85%, as of its final hour of trading.Shares in Australia edged higher as the S&P/ASX 200 climbed fractionally to close at 7,060.70.Over in India, the Nifty 50 and BSE Sensex both slipped fractionally, as of about 1:07 p.m. local time. Investors continued to monitor the coronavirus situation in India as cases continue to climb, with more than 332,000 new daily…

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