Asian markets were mixed in early trading Thursday, following a day of gains on Wall Street.
Preliminary data Wednesday showed Japan’s manufacturing activity shrank for a fourth consecutive month, according to Reuters. The Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index rose to a seasonally adjusted 49.5 in August from 49.4 in July. Readings below 50 signify contraction.
fell out of positive territory and was last about flat, while Hong Kong’s Hang Seng Index
fell 0.8%. The Shanghai Composite
slipped 0.2% and the Shenzhen Composite
was about flat. South Korea’s Kospi
fell 0.4%, while benchmark indexes in Taiwan
were mixed. Australia’s S&P/ASX 200
Among individual stocks, SoftBank
fell in Tokyo trading, while Sony
and Renesas Electronics
slipped as well. In Hong Kong, Geely Automobile
surged, while AAC
and Wharf Real Estate
dropped in South Korea, while Apple supplier Largan Precision
gained in Taiwan. In Australia, Beach Energy
and Fortescue Metals
On Wednesday, U.S. stocks finished higher after minutes from Federal Reserve’s July meeting offered few surprises and suggested that the central bank wanted to remain flexible in implementing policy changes.