Asia Markets: Asian markets mixed amid global geopolitical uncertainty
Economy and Finance 28 February 2019 Arabia Day Newsdesk 0
Asian stocks were mixed in early trading Thursday as investors remained cautious amid a spate of worldwide geopolitical concerns, including President Donald Trump’s summit with North Korean leader Kim Jong Un, U.S.-China trade talks, testimony by former Trump lawyer Michael Cohen, Brexit and conflict between India and Pakistan.
Japan’s Nikkei NIK, -0.79% slipped 0.3%, while Hong Kong’s Hang Seng HSI, -0.47% rose slightly. In mainland China, the Shanghai Composite SHCOMP, -0.44% fell about 0.3% on disappointing factory-activity data, while the smaller-cap Shenzhen Composite 399106, +0.35% rose about 0.2%. South Korea’s Kospi SEU, -1.76% fell 0.5%, weighed by falling tech stocks, and benchmarks in Taiwan Y9999, -0.02% and Indonesia JAKIDX, -0.23% dropped as well.
Read: China’s factory activity drops to lowest level in 3 years
Among individual stocks, robotics maker Fanuc 6954, -2.12% fell in Tokyo trading, while oil producer Inpex 1605, +0.00% gained. AIA Group 1299, +1.88% and HSBC 0005, +0.16% rose in Hong Kong, while Apple AAPL, +0.31% supplier AAC 2018, -3.44% continued its losing streak. Samsung 005930, -3.53% and SK Hynix 000660, -5.02% slumped in Korea, following a decline in U.S. semiconductor stocks. Mining giant Rio Tinto RIO, +1.09% and Beach Energy BPT, +0.48% gained in Australia.
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.
No comments so far.
Be first to leave comment below.