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.

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