Asian markets were mostly lower Wednesday, with Japanese stocks retreating after a sharp gain in the previous session, while corporate earnings were the focus in Australia.
The Nikkei was down 0.4%, pulling back from a sharp 3.1% rise in the previous session.
Japanese stocks fell when trading opened Wednesday, a pullback after the market rallied during the previous session. The Nikkei Stock Average fell 0.8% to 14,724.51, giving back a portion of its 3.1% climb on Tuesday, spurred after the Bank of Japan extended lending facilities for banks. Financial shares were lower, including a 1.3% decline for both Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc.
Hong Kong properties advanced, as the city's major developer Sun Hung Kai Properties Ltd. rose 0.7%, after the company launched new luxury Riva project and saw the first batch of 64 flats sold out on the first day of sale. Sino Land Co. rose 1.1%, Cheung Kong (Holdings) Ltd. gained 0.9%, and Henderson Land Development Co. edged up 0.2%.
Chinese auto maker Dongfeng Motor Group Co. resumed trading and fell 0.9%, after the company said it signed an agreement with French joint-venture partner PSA Peugeot Citroen to invest 800 million euros ($1.1 billion) for a stake in the company.
In the rest of the region, stocks were mixed as a broad recovery from a global selloff earlier in the month took pause.
South Korea’s Kospi fell 0.5% and Australia’s S&P/ASX 200 added 0.3%.
Shares in Brambles added 2.7%, after the world’s largest supplier of wooden pallets, used for transporting goods, reported a sharp rise in half-year profit.
Shares in Woodside Petroleum, however, fell 0.7% after the oil company posted a 41% slide in full-year profit.
Insurer Suncorp Group lost 2.4% after the company reported a 4.5% fall in its first-half profit, as its general insurance business was hit by rising claims.
Комментариев нет:
Отправить комментарий