MANILA, Philippines (AP) — Asian shares are mixed after the U.S. stock market sank from record heights as Wall Street sifted through various developments such…
Asian shares are mixed after the U.S. stock market sank from record heights as Wall Street sifted through various developments such as trade relations with China and profits of Big Tech giants.
U.S. futures advanced and oil prices fell.
President Donald Trump hailed his talk Thursday with China’s leader, Xi Jinping, but major tensions remain between the world’s two largest economies.
Japan’s Nikkei 225 index jumped 1.7% to 52,201.05, touching fresh records after data showed industrial production rose 2.2% month-on-month in September, beating market expectations and rebounding from a 1.5% drop the previous month.
In Chinese markets, Hong Kong’s Hang Seng index shed 0.9% to 26,050.08 and the Shanghai Composite index slipped 0.6% to 3,963.01.
Data released Friday showed factory activity in China contracted in October for a seventh straight month. The official NBS Manufacturing PMI fell to 49.0 from 49.8 in September.
South Korea’s Kospi rose 0.4% to 4,105.81, while Australia’s S&P/ASX 200 added 0.2% to 8,903.50. Taiwan’s Taiex gained 0.5%.
On Thursday, the S&P 500 fell 1% to 6,822.34, pulling further from its all-time high set on Tuesday.
