By Dow Jones Newswire
Asian stock indexes jumped to across-the-board gains Friday, with Japan in the lead, but ended largely mixed.
Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.49% was up 0.3%, as precision instruments, metals and shipping led the early gainers. Medical-device maker Terumo /zigman2/quotes/201738044/delayed JP:4543 +2.33% was up 3%, as were Sumitomo Metal Mining /zigman2/quotes/205273301/delayed JP:5713 +1.80% and major shipper Mitsui O.S.K. /zigman2/quotes/204152844/delayed JP:9104 +2.37%
Chinese stocks tried and failed to end a rough week on an up note, reversing an early gain by Friday’s close. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.54% was down 1.3%, marking five straight declines and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.67% fell 1.6%. Insurers posted gains, with New China Life Insurance /zigman2/quotes/204761736/delayed CN:601336 +0.43% up 0.7%. Tech stocks rebounded and Henan Shuanghui /zigman2/quotes/206924032/delayed CN:000895 -1.36% recovered 0.6% after the meat producer closed a slaughterhouse because of African swine fever, reversing some of Thursday’s slide.
Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.22% , down for five straight days, gained 0.4% as tech stocks recovered. Lenovo /zigman2/quotes/205368244/delayed HK:992 +1.66% jumped 6.5% and Tencent /zigman2/quotes/204605823/delayed HK:700 +0.39% was up 3%. Financials were also solid, with insurer Ping An /zigman2/quotes/210315058/delayed HK:2318 +0.49% up 1% following its quarterly results.
Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.05% rose 0.2% as Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.50% and HK Hynix /zigman2/quotes/206420319/delayed KR:000660 +1.45% pared the previous day’s losses.
Singapore’s benchmark /zigman2/quotes/210597985/delayed SG:STI -0.13% gave up an early gain to close down less than 0.1%, falling seven days in a row. Indexes in Taiwan and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.07% rose.
New Zealand’s NZX 50 /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.76% jumped 0.6% as it neared a fourth straight day of gains and came close to its record closing high, set in July. Australia’s benchmark /zigman2/quotes/210598100/delayed AU:XJO +0.71% posted modest gains even as mining companies, such as Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG +1.35% , fell.