Australia caps a sunny quarter in mostly mixed Asia-Pacific stock action


Asia-Pacific stocks were mixed on Friday, the last trading day of an up-and-down second quarter.

Australian stocks emerged as stars with June’s outperformance, allowing Australia’s key index












XJO, -0.33%










  to hit levels last seen at the start of 2008 and New Zealand’s benchmark












NZ50GR, -0.62%










  to log a series of record closing highs. Both gave up early Friday gains to close lower for the session, but the move did little to tarnish the quarter.

Japan’s Nikkei












NIK, +0.15%










  rose 0.2% after mixed trading Friday, as it barely gained for June but avoided logging a fourth monthly drop out of the past five. The transportation and oil sectors fared the worst, with Japan Petroleum Exploration












1662, +0.03%










  and Inpex












1605, -0.09%










  each down more than 2%. Sharp Corp.












6753, +15.19%










  skyrocketed after the company dropped a plan to issue as much as $2 billion in new shares.

In China, the Shanghai Composite












SHCOMP, +2.17%










  rose 2% after four days of losses, but will record a 10% loss for a quarter that landed it in correction territory. Hong Kong’s Hang Seng Index












HSI, +1.61%










  was up 1.6% for the session, though down 3.7% for the quarter.

South Korea’s Kospi












SEU, +0.51%










  flitted between gains and losses but its firmer finish snapped a three-day losing streak after notching a 13-month closing low Thursday. Samsung Electronics












005930, -0.32%










  fell, though other tech companies gained.

Markets in Taiwan












Y9999, +1.71%










 and Singapore












STI, +0.34%










  rose Friday as well.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *