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.
Providing critical information for the U.S. trading day. Subscribe to MarketWatch's free Need to Know newsletter. Sign up here.
We Want to Hear from You
Join the conversation