Asia Markets: Asian markets mixed, though Nikkei continues to slide

Selling continued Friday morning in Asia-Pacific stocks, with Japanese equities strike by an overnight burst in a yen. The Nikkei set an early march for a sixth-straight drop, with a marketplace also pressured by President Donald Trump’s comments about branch an eye toward Japan subsequent on trade.

Concern and doubt with benefit sent a Nikkei

NIK, -1.00%

  down roughly 1%, along with a double-whammy of this week’s gale and earthquake. “Once we have such incidents, short-term doubt is inevitable,” pronounced Chisato Haganuma, arch equity strategist during Mitsubishi UFJ Morgan Stanley Securities. The dollar

USDJPY, -0.19%

  was down to ¥110.40, a full yen next day-earlier levels. Big caps like Toyota

7203, -1.26%

  and Sony

6758, -0.92%

  fell some-more than 1%. If stream trade persists, a Nikkei will have a initial six-day losing strain given late January.

Meanwhile, Chinese bonds bucked a informal trend, opening higher. The Shanghai Composite

SHCOMP, +0.16%

 was adult 0.9% after dropping in 7 of a past 8 days to pierce within 1% of final month’s multiyear shutting low on Thursday, and a Shenzhen Composite

399106, +0.18%

  surged 1.4%. Big-cap appetite names led a approach with a 1.5% zone gain, yet unless today’s miscarry gets many bigger, it’s going to be another down week for Chinese stocks.

Hong Kong bonds have also stabilized, with a Hang Seng

HSI, -0.46%

  adult 0.5% following yesterday’s 13-month shutting low. Tencent

0700, -0.83%

  was in certain domain following a 13-month low Thursday, while associate Thursday slouch AIA

1299, -1.16%

  also perked up.

Meanwhile, benchmarks in Australia

XJO, -0.85%

  and South Korea

SEU, -0.42%

  were down about 0.8%. They’ve been strike by uninformed overnight drops in oil prices and U.S. tech stocks, with a Kospi dragged down by Samsung c

005930, -2.93%

  and SK Hynix

000660, -4.19%

 . In Australia, Oil Search

OSH, -2.33%

  and Woodside Petroleum

WPL, -1.88%

  were any down around 2%. New Zealand’s NZX 50

NZ50GR, -0.20%

  was comparatively flat, with some vast caps providing support.

Malaysian bonds

FBMKLCI, -0.11%

  combined to yesterday’s gains, stability to overtake many other markets in Asia. Petronas Chemicals

PCHEM, +0.32%

  and Petronas Gas

PETGAS, -0.11%

  were any up, yet off event highs. Singapore bonds

STI, -0.77%

  fell, a day after a Strait Times Index set a 16-month shutting low, with banking heavyweight DBS

D05, -1.14%

  down 1%. Taiwan’s Taiex

Y9999, -0.50%

  slipped 0.2%

Providing vicious information for a U.S. trade day. Subscribe to MarketWatch’s giveaway Need to Know newsletter. Sign adult here.

We Want to
Hear from You

Join a conversation

This entry was posted in Featured Articles and tagged . Bookmark the permalink.