By Dow Jones Newswire
Asian stock markets mostly rose Thursday as investors set aside trade concerns, for now, to focus on tech-share and financial-stock moves.
Japanese stocks were subjected to muted trading, with the Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.43% up less than 0.1% after consecutive gains of more than 1% on Tuesday and Wednesday. Still, the index managed a fifth straight gain. The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0407% remained around ¥112.30 during Asian trading hours, little changed compared to late in U.S. trading. The banking and insurance sectors led gains, with Dai-ichi Life /zigman2/quotes/208507587/delayed JP:8750 +0.08% up 1.7% and Mitsubishi UFJ /zigman2/quotes/207520099/delayed JP:8306 +0.27% up 1.6%.
Hong Kong stocks started strongly, again, though pulled back by the close. The Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -0.69% finished up 0.2% as Tencent /zigman2/quotes/204605823/delayed HK:700 -0.98% rose 0.8% and was up as much as 2% earlier, as the company continued to buy back stock. Insurer Ping An /zigman2/quotes/210315058/delayed HK:2318 -0.24% — which has notable tech holdings — rose 0.5%. Elsewhere, smartphone-component makers AAC /zigman2/quotes/201441510/delayed HK:2018 -0.71% and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -1.34% rose.
Mainland China stocks were about flat, with the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.26% giving way to sellers, down less than 0.1% the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.62% alternating between slight gains and losses before falling 0.2%.
Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.33% was up 0.6% after being one of the few indexes to fall Wednesday. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.93% was up a further 2.4%.
The benchmarks in Australia /zigman2/quotes/210598100/delayed AU:XJO +0.68% fell and New Zealand /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.06% fell slightly initially though finished up nearly 0.2%, while Taiwan , Singapore /zigman2/quotes/210597985/delayed SG:STI +1.04% and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +1.30% were mixed throughout the session.