Asian stocks were mixed Monday as investors kept a wary eye on joint military drills between U. S. and South Korean forces and awaited a key meeting of central bankers later this week.
HONG KONG (AP) – Asian stocks were mixed Monday as investors kept a wary eye on joint military drills between U. S. and South Korean forces and awaited a key meeting of central bankers later this week.
KEEPING SCORE: Japan’s benchmark Nikkei 225 index lost 0.4 percent to 19,399.01 and South Korea’s Kospi dipped 0.1 percent to 2,355.11. Hong Kong’s Hang Seng rose 0.5 percent to 27,189.02 and the Shanghai Composite Index added 0.3 percent to 3,277.54. Australia’s S&P/ASX 200 shed 0.6 percent to 5,710.80. Taiwan’s benchmark crept higher and indexes in Southeast Asia were mixed.
MOUNTAIN MEETING: Central bank officials from around the world will be gathering for an annual three-day conference at a mountain resort in Jackson Hole, Wyoming, starting Thursday. Investors will be scrutinizing remarks from the policymakers due to speak, including Fed chief Janet Yellen and European Central Bank head Mario Draghi, for any hints on the future direction of interest rates and economic stimulus programs, which will have implications for global stock markets.
MARKET VIEW: “All eyes turn to Wyoming this week, where central bank heads and academics come together to swap ideas, and this time, in all probability, to ask, ‘Where on earth is the inflation we all expected, and what do we do with rates?'” said ING Economist Rob Carnell.
WAR GAMES: U. S. and South Korean forces are starting annual joint military exercises that could further rile North Korea. The war games have the potential to stoke geopolitical tensions and market jitters more than usual, given recent threats by both President Donald Trump and North Korea.
DEAL CONFIRMED: Shares of state-owned telecom group China Unicom’s Shanghai-listed unit, China United Network Communications, jumped 10 percent after it confirmed a plan to raise nearly $12 billion through a private share placement. Unicom plans to sell the shares to investors including Chinese tech giants Alibaba, Tencent and Baidu as part of an ownership reform plan. The plan was announced last week, but then the announcement was withdrawn, sparking confusion. China Unicom shares in Hong Kong jumped 7 percent.
BYE TO BANNON: The Trump administration endured another shakeup over the weekend when divisive strategist Steve Bannon was shown the door. Now that Bannon, who had called in an interview for an “economic war” with China, is gone, investors may feel it’s a bit more likely the administration can achieve at least some of its pro-business agenda.
WALL STREET: Major U. S. benchmarks turned negative in the final minutes of trading on Friday, falling to their lowest levels since early July. The S&P 500 lost 0.2 percent to close at 2,425.55. The Dow Jones industrial average fell 0.3 percent to 21,674.51. The Nasdaq composite shed 0.1 percent to 6,216.53.
ENERGY: U. S. benchmark crude oil futures were flat at $48.51 a barrel in electronic trading on the New York Mercantile Exchange. The contract jumped $1.42, or 3 percent, to settle at $48.51 a barrel on Friday. Brent crude, the international standard, dipped 2 cents to $52.70 a barrel in London.
CURRENCIES: The dollar edged higher to 109.25 yen from 109.20. The euro slipped to $1.1750 from $1.1761.
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Similarity rank: 7

Sentiment rank: -0.3

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New Orleans downs L.A. Chargers, 13-7, at StubHub Center as both teams hold out starting QBs Drew Brees and Philip Rivers.
That’s exactly what Kamara showed by running for a 50-yard touchdown on New Orleans’ first offensive play and leading the Saints to a 13-7 win over the Los Angeles Chargers on Sunday night.
Kamara burst off the left side, stepped over a diving defender that grabbed at his ankles and maintained his balance to score the game’s only offensive touchdown 1: 13 into the first quarter.
It was a play that had worked consistently for Kamara during two days of joint practices between the Saints and Chargers, and the third-round pick from Tennessee knew it would work again.
“Just didn’ t look back, kept going, ” Kamara said.
“He’s really fast. I saw him and all of a sudden he was like in the open field, so it’s pretty cool, ” Saints quarterback Chase Daniel said.
Kamara finished with 61 yards on five carries and is now averaging 10.7 yards per carry in the preseason. He added a 22-yard catch-and-run coming out of the backfield, and that combination of big-play ability and receiving skills is what could set Kamara apart from Peterson and Ingram, who were both held out as a precaution.
“He has some spatial awareness that a lot of young backs don’ t have, and you really can’ t teach that, ” Daniel said. “He is really taking all the coaching in stride. Really haven’ t seen him make the same mistake twice.”
With just a six-day turnaround to the all-important third preseason game, both the Chargers and Saints gave their starting quarterbacks the day off. The only competitive passes fans at StubHub Center saw Philip Rivers and Drew Brees throw were pre-recorded, as the former San Diego teammates staged a throwing contest reminiscent of the old Quarterback Challenge after practice during the joint workouts between the Chargers and Saints earlier in the week.
Daniel was 7 of 12 for 80 yards in place of Brees, finding Michael Thomas for a 28-yard reception to help set up Wil Lutz’s 53-yard field goal midway through the first quarter.
Lutz added a 26-yard field goal with 2: 11 remaining.
Safety Dexter McCoil intercepted Ryan Nassib’s fourth-quarter pass and returned it 99 yards for the Chargers’ lone touchdown.
The Chargers played without their starting tackles, as Russell Okung was held out because of a minor ankle injury and Joe Barksdale stood on the sideline with his right foot in a walking boot. The drop-off to backups Tyreek Burwell on the left side and Chris Hairston on the right was evident, as the Chargers only gained 31 yards on 15 plays in the first quarter.
When the Chargers finally reached midfield on their third possession, Burwell and left guard Kenny Wiggins gave up sacks on consecutive plays to end the drive.
Linebacker Manti Te’ o, who played his first four seasons with the Chargers, had one of four first-half sacks for the Saints.
“I know that was a preseason game, but it couldn’ t have got any uglier, in my opinion, ” Chargers coach Anthony Lynn said. “Even though we won the time of possession, sacks is what killed us. It’s not just the offensive line. It’s running backs, it’s tight ends, it’s the whole group. But we have to do a better job of coaching these guys and getting them ready to play.”
Chargers running back Melvin Gordon had eight yards rushing on five carries and had a catch for seven yards in the first quarter. Kellen Clemens was 10 of 17 for 99 yards and added 26 yards rushing on three carries.
The Chargers managed to avoid the shutout thanks to the long-striding McCoil, but haven’ t scored on offense on their last 18 possessions dating back to the end of the first half against the Seattle Seahawks last week.
“Today we might have looked at it as a preseason game instead of another opportunity to get better, ” Gordon said. “I don’ t feel like we got better today. It’s just a lack of communication. We’ ll fix it up and be better.”
During his time at Iowa, Chargers cornerback Desmond King always found ways to fill the stat sheet. The fifth-round pick has brought that trait to the NFL, as he had a sack, a tackle for loss and a pass defense against the Saints after intercepting a pass against the Seahawks.
“Did you see 36 (King) ?, ” linebacker Korey Toomer said. “He was making plays all over in there.”
King admitted he was overwhelmed during rookie minicamp, but has settled in since then.
“Once I started getting used to the system, just getting comfortable and not overthinking things and kind of getting overwhelmed with the situations, just getting comfortable and believing in the system is what really helped me, ” King said.
Conner, the former University of Pittsburgh star who overcame Hodgkin’s lymphoma and a serious right knee injury to reach the NFL, broke off runs of 17 and 19 yards, leading to Bart Houston’s 6-yard touchdown pass to Justin Hunter.
Conner was greeted with an ovation on the third series of the game when he made his first carry. The third-round pick busted off three other runs longer than 10 yards and ended his debut with 98 yards on 20 carries.
Pittsburgh receiver Martavis Bryant played his first game more than 18 months.
The NFL suspended Bryant in March 2016 for a second violation of its substance abuse policy.
Harris provides the team some depth heading into Thursday’s preseason game against Carolina.
Reed had been on the list since the start of training camp in late July because of an injury to the big toe on his left foot.
The 6-foot-3,228-pound Leidner was not selected in the 2017 NFL draft. He attended the Ravens rookie minicamp but did not sign with the club.
The Vikings now have five quarterbacks on their roster.

Similarity rank: 7.3

Sentiment rank: 1.2

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