Asia Markets: Asian markets wrestle between gains and losses

Asia Markets: Asian markets wrestle between gains and losses

Asian markets wrestle between gains and losses

Asia-Pacific stocks started mixed Thursday, as a number of the region’s markets looked to extend four-day winning streaks.

So-called defensive stocks led Japan’s market higher, signaling market caution on U.S. trade, political and monetary-policy developments. The Nikkei NIK, +0.18% was up 0.2%, but auto stocks lagged after Wednesday’s traded-fueled jump. Suzuki 7269, -4.01% and auto-parts maker Denso 6902, -3.07% dropped about 3%. Among big-cap movers, furniture retailer Nitori 9843, +3.53% was up 3.1% while ground-transportation firm Yamato 9064, +2.45% and health care-equipment maker Sysmex 6869, +1.91% rose some 2%.

Hong Kong’s Hang Seng HSI, -0.72% opened lower, with smartphone-component makers AAC 2018, -4.02% and Sunny Optical 2382, -1.32% reversing some of this week’s rebound. Tencent 0700, +0.06% was off 1%, but smartphone maker Xiaomi 1810, +2.04% jumped 3% after its second-quarter report and insurer Ping An 2318, +2.20% rose 1.5% to build on post-second-quarter gains.

Chinese stocks ticked up, with the Shanghai Composite SHCOMP, -0.13% and Shenzhen Composite 399106, +0.07% recovering from the previous day’s losses, led by financials and real estate while commodities names lagged.

Australia’s ASX 200 XJO, -0.24% slipped, with Santos STO, +9.65% and Qantas Airways QAN, -2.23% among the biggest movers. New Zealand’s NZX 50 NZ50GR, -0.21% was on track so snap a seven-session win streak, including record closing highs for the past three days. Air New Zealand AIR, -3.23% falling 2% following its earnings report and Wednesday’s 3% jump in oil prices. .

South Korea’s Kospi SEU, -0.08% was about flat, as Samsung 005930, -0.33% retreated slightly. Taiwan’s Taiex Y9999, +0.20% rose, as did benchmarks in Singapore STI, +1.43% , Malaysia FBMKLCI, +0.50% and Indonesia JAKIDX, +0.88% , which were closed for holidays Wednesday.

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Related Topics

  • Asia Markets

  • China

  • Japan

  • Australia

  • Singapore

  • Foreign Investment

Original Article