By Dow Jones Newswire
Asia-Pacific stocks were mixed on Friday, the last trading day of an up-and-down second quarter.
Australian stocks emerged as stars with June’s outperformance, allowing Australia’s key index /zigman2/quotes/210598100/delayed AU:XJO +0.97% to hit levels last seen at the start of 2008 and New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR -1.19% to log a series of record closing highs. Both gave up early Friday gains to close lower for the session, but the move did little to tarnish the quarter.
Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.07% rose 0.2% after mixed trading Friday, as it barely gained for June but avoided logging a fourth monthly drop out of the past five. The transportation and oil sectors fared the worst, with Japan Petroleum Exploration /zigman2/quotes/201212147/delayed JP:1662 -3.36% and Inpex /zigman2/quotes/206689846/delayed JP:1605 -1.57% each down more than 2%. Sharp Corp. /zigman2/quotes/203224600/delayed JP:6753 +3.16% skyrocketed after the company dropped a plan to issue as much as $2 billion in new shares.
In China, the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.35% rose 2% after four days of losses, but will record a 10% loss for a quarter that landed it in correction territory. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.81% was up 1.6% for the session, though down 3.7% for the quarter.
South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.02% flitted between gains and losses but its firmer finish snapped a three-day losing streak after notching a 13-month closing low Thursday. Samsung Electronics /zigman2/quotes/209800866/delayed KR:005930 +0.20% fell, though other tech companies gained.
Markets in Taiwan and Singapore /zigman2/quotes/210597985/delayed SG:STI -0.34% rose Friday as well.