Japanese and Taiwanese stocks fell Thursday after a pullback on Wall Street, while Hong Kong equities rose on the back of results from Lenovo Group Ltd. and Li & Fung Ltd., and an increase in gold prices limited losses for Australian shares.
Japan’s Nikkei Stock Average lost 0.9%, and Taiwan’s Taiex gave up 1%.
In China, Hong Kong’s Hang Seng Index edged up 0.3% in choppy trade, while the Shanghai Composite added 0.2%.
Australia’s S&P/ASX 200 eased 0.1% lower after also moving in both directions. The South Korean market was closed for a holiday.
The mixed performance came after the Dow Jones Industrial Average Wednesday dropped more than 100 points for the first time since June, amid concerns about rising Treasury yields, and some weak results.
Losses in Tokyo surfaced across several sectors, coming as the U.S. dollar moved below the ¥98-level.
Mitsubishi Motors Corp. slid 2.3%, Panasonic Corp. shed 2.5%, Fast Retailing Co. gave up 1.2%, Daiwa Securities Group Inc. lost 2.9%, and telecommunications major Softbank Corp. declined 2.2%.
In Sydney, gold miners climbed after the metal’s prices rose 1% overnight. Shares of Newcrest Mining Ltd. popped 3.4%, and Kingsgate Consolidated Ltd. advanced 5.7%.
Shares of AMP Ltd. picked up 3.9% after the firm said first-half underlying profit fell 9% but still came in above its projections made earlier.
In Hong Kong, a slew of blue-chips were in focus after reporting results.
Shares of personal-computer maker Lenovo rose 2.9% following a 23% increase in its fiscal-first-quarter profit, and logistics firm Li & Fung soared 8.7% as investors cheered its outlook despite a sharp drop in half-yearly profits.
Internet major Tencent Holdings Ltd. fell 1.1%, and Cathay Pacific Airways Ltd. lost 1.3% after both firms’ profits fell short of estimates.
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