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 -0.39% 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 +0.0197% 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 +0.89% up 1.7% and Mitsubishi UFJ /zigman2/quotes/207520099/delayed JP:8306 +0.62% up 1.6%.
Hong Kong stocks started strongly, again, though pulled back by the close. The Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -1.09% finished up 0.2% as Tencent /zigman2/quotes/204605823/delayed HK:700 -2.20% 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 -0.66% — which has notable tech holdings — rose 0.5%. Elsewhere, smartphone-component makers AAC /zigman2/quotes/201441510/delayed HK:2018 -1.22% and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -1.60% rose.
Mainland China stocks were about flat, with the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.31% giving way to sellers, down less than 0.1% the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.12% alternating between slight gains and losses before falling 0.2%.
Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.49% was up 0.6% after being one of the few indexes to fall Wednesday. Samsung /zigman2/quotes/209800866/delayed KR:005930 -1.33% was up a further 2.4%.
The benchmarks in Australia /zigman2/quotes/210598100/delayed AU:XJO -0.33% fell and New Zealand /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.07% fell slightly initially though finished up nearly 0.2%, while Taiwan , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.55% and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.25% were mixed throughout the session.