Asia Pacific stocks mixed as HK rally softens

15-Jul-2017 Intellasia | FT | 6:00 AM Print This Post

Asia Pacific equities turned in a mixed performance on Friday morning a Hong Kong’s stock market wavered near the finish line of its best week in 12 months.

After a strong start the Hang Seng index was down marginally as the financial segment shed 0.2 per cent a potential spoiler for what has been a five-day winning streak for the Hong Kong benchmark that pushed it past the 26,000 level on Wednesday.

In Tokyo Fast Retailing fell as much as 4.8 per cent after the owner of clothing retail chain Uniqlo reported underwhelming profit for the third quarter. The benchmark Topix was up 0.4 per cent.

Sydney’s S&P/ASX 200 index was up 0.6 per cent as the energy segment jumped 2 per cent on overnight improvement in crude oil prices and financials climbed 0.8 per cent.


Category: Hong Kong

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