Asian markets were mixed in early trading Thursday, tracking Wall Street’s lackluster trading day.
Markets largely shrugged off a report that the U.S. and China may sign a long-negotiated trade deal in late May or early June, as well of claims that North Korea test-fired a new tactical guided weapon, its first such test since November.
slipped after data showed disappointing readings in factory activity and manufacturer confidence. Hong Kong’s Hang Seng Index
fell slightly, while the Shanghai Composite
was about flat. South Korea’s Kospi
fell 1%, while benchmark indexes in Taiwan
rose slightly. Australia’s S&P/ASX
was about flat.
Among individual stocks, Honda
gained in Tokyo trading, while SoftBank Group
fell. In Hong Kong, Apple suppliers AAC
and Sunny Optical
jumped, while Geely Automotive
fell in South Korea, after reports that its expensive new foldable smartphone was breaking after just a day or two. Rio Tinto
and Fortescue Metals
rose in Australia.
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