By Marketwatch and Associated Press
Asian markets were mixed in early trading Friday, as investors pondered the effects of the U.S. Federal Reserve’s more dovish stance.
Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.74% fell 0.2% and Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +1.66% slipped 0.4%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.40% dropped 0.5% while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.43% decline 0.2%. Benchmark indexes in Taiwan , Singapore /zigman2/quotes/210597985/delayed SG:STI +1.64% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.63% were up slight. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.12% was the region’s biggest gainer, up 0.6%.
Among individual stocks, Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +0.22% and Sony /zigman2/quotes/201361720/delayed JP:6758 +0.18% fell in Tokyo trading, while SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 +0.87% advanced. Property and casino stocks rose in Hong Kong while PetroChina /zigman2/quotes/204979431/delayed HK:857 +2.55% and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +3.73% were among the biggest decliners. Tencent /zigman2/quotes/204605823/delayed HK:700 -0.18% fell only slightly after reporting a worst-ever 32% drop in quarterly profit. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.65% and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +3.08% rose in South Korea. Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG -0.41% and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.79% jumped in Australia.