Asian markets trended down in early trading Friday, following a pullback by the Dow Jones Industrial Average and a continued drop in oil prices.
Japan’s Nikkei NIK, -0.22% fell 0.7% while Hong Kong’s Hang Seng index HSI, +0.05% edged up 0.2%. The Shanghai Composite SHCOMP, -1.11% declined 0.5% and South Korea’s Kospi SEU, -0.51% was down 0.4%. Stocks were about flat in Singapore STI, +0.08% and Indonesia JAKIDX, -1.16% , but down in Taiwan Y9999, -0.79% . Australia’s S&P/ASX 200 XJO, +0.05% was down slightly
Among individual stocks, Nintendo 7974, -1.32% slumped in Tokyo trading after issuing an “ultra-conservative guidance” for the year following earnings. SoftBank 9984, -0.26% also fell, while Yahoo Japan 4689, +1.72% jumped. In Hong Kong, Country Garden 2007, +0.65% and AAC Technologies 2018, +2.58% rise while CNOOC 0883, -1.64% slipped. Shares of Hong Kong Airlines parent HNA Group 600221, -2.30% fell amid a battle for control of the company. LG Electronics 066570, -2.86% and SK Hynix 000660, -2.00% declined in South Korea, as did Taiwan Semiconductor 2330, -2.80% in Taiwan. Beach Energy BPT, -0.90% and Fortescue Metals FMG, -5.39% dropped in Australia.
Oil prices pulled back from multi-month highs Thursday, and U.S.-based West Texas Intermediate crude for June delivery CLM9, -0.49% and June Brent crude LCOM9, -0.31% , the global benchmark, continued to slide Friday.
“End of U.S.-Iran sanctions waivers are still the principle focus,” Stephen Innes, head of trading at SPI Asset Management, said in a note. “But perhaps price action was a bit to too enthusiastic.”
Providing critical information for the U.S. trading day. Subscribe to MarketWatch's free Need to Know newsletter. Sign up here.
https://www.marketwatch.com/story/asian-markets-mostly-fall-after-dow-oil-prices-pull-back-2019-04-25
2019-04-26 03:25:00Z
CAIiEA7DJvShpBDsndoW_LfbtqkqGAgEKg8IACoHCAowjujJATDXzBUwmJS0AQ
Bagikan Berita Ini
0 Response to "Asian markets mostly fall after Dow, oil prices pull back - MarketWatch"
Post a Comment