Asian stocks ended mixed on Wednesday as investors
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Posted On: 05/10/2017 12:53:57 PM
Asian stocks ended mixed on Wednesday as investors digested corporate earnings and U.S. President Donald Trump's abrupt dismissal of FBI Director James Comey. Tensions surrounding North Korea also kept underlying sentiment cautious.
China's Shanghai Composite Index dropped 28.78 points or 0.93 percent to 3,051.75 after inflation data painted a mixed picture. Meanwhile, Hong Kong's Hang Seng Index climbed 126.39 points or 0.51 percent to 25,015.42.
Chinese consumer inflation accelerated to a 3-month high in April, while factory gate inflation eased on weakening commodity prices, data published by the National Bureau of Statistics showed today.
Japanese shares posted modest gains to close at a 17-month high, shrugging off concerns surrounding regional security and political developments in the U.S. The yen weakened against the dollar, helping lift exporters' shares.
The benchmark Nikkei 225 Index rose 57.09 points or 0.29 percent to 19,900.09, while the broader Topix Index closed up 0.22 percent at 1,585.19. Mitsubishi Motors soared over 9 percent after it forecast higher financial results in fiscal 2017.
Australian shares ended higher as an uptick in oil, metals and gold prices lifted commodity-related stocks. The benchmark S&P/ASX 200 Index rose 35.50 points or 0.61 percent to 5,875.40, while the broader All Ordinaries Index closed 36.60 points or 0.62 percent higher at 5,911.10.
Mining giants BHP Billiton and Rio Tinto both rose about 2 percent, and smaller rival Fortescue Metals Group jumped as much as 5 percent. Energy majors Woodside Petroleum and Origin Energy gained about 1 percent each. Gold Miners Newcrest and Northern Star rallied 2-4 percent as gold prices rebounded from eight-week lows.
However, banks ended mostly lower as investors pondered the A$6 billion tax hike unveiled in the budget. CSR plunged nearly 12 percent after its full-year earnings failed to meet investor expectations.
China's Shanghai Composite Index dropped 28.78 points or 0.93 percent to 3,051.75 after inflation data painted a mixed picture. Meanwhile, Hong Kong's Hang Seng Index climbed 126.39 points or 0.51 percent to 25,015.42.
Chinese consumer inflation accelerated to a 3-month high in April, while factory gate inflation eased on weakening commodity prices, data published by the National Bureau of Statistics showed today.
Japanese shares posted modest gains to close at a 17-month high, shrugging off concerns surrounding regional security and political developments in the U.S. The yen weakened against the dollar, helping lift exporters' shares.
The benchmark Nikkei 225 Index rose 57.09 points or 0.29 percent to 19,900.09, while the broader Topix Index closed up 0.22 percent at 1,585.19. Mitsubishi Motors soared over 9 percent after it forecast higher financial results in fiscal 2017.
Australian shares ended higher as an uptick in oil, metals and gold prices lifted commodity-related stocks. The benchmark S&P/ASX 200 Index rose 35.50 points or 0.61 percent to 5,875.40, while the broader All Ordinaries Index closed 36.60 points or 0.62 percent higher at 5,911.10.
Mining giants BHP Billiton and Rio Tinto both rose about 2 percent, and smaller rival Fortescue Metals Group jumped as much as 5 percent. Energy majors Woodside Petroleum and Origin Energy gained about 1 percent each. Gold Miners Newcrest and Northern Star rallied 2-4 percent as gold prices rebounded from eight-week lows.
However, banks ended mostly lower as investors pondered the A$6 billion tax hike unveiled in the budget. CSR plunged nearly 12 percent after its full-year earnings failed to meet investor expectations.
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